Year: 2025
Type: conference-paper
Abstract: The integration of robotics and artificial intelligence (AI) is revolutionizing contract management by automating routine tasks, improving accuracy, and enhancing efficiency.This paper explores the evolving role of robotics in contract management, focusing on the automation of contract creation, review, and compliance monitoring through robotic process automation (RPA) and AI technologies.It examines the potential of AI tools, such as natural language processing and predictive analytics, in streamlining contract analysis and decision-making.Additionally, the paper highlights real-world case studies demonstrating the practical applications of robotics in various industries, emphasizing both the benefits and challenges faced.Looking ahead, the future of contract management will see greater integration of smart contracts, blockchain, and autonomous systems, transforming the way contracts are executed and monitored.The paper concludes by addressing the ethical, legal, and workforce implications of these technological advancements, emphasizing the need for ongoing innovation and adaptation in contract management practices.
Authors: Muhammad Firdzaus Mat Ros, Muhammad Azizi Azizan, Hazry Desa
Institution: Universiti Malaysia Perlis
Language: English
Subfield: Industrial and Manufacturing Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: bronze
Funder: Universiti Malaysia Perlis
OpenAlex ID: W4409913724