Focusing on the industry and challenges Artificial Intelligence and Contract Management in the Oil and GasSector: Overcoming Challenges and Seizing Opportunities

The integration of Artificial Intelligence (AI) into international contract management within the oil and gas sectorpresents a transformative strategy, significantly enhancing the accuracy and efficiency of contractual processes.AI technologies, such as machine learning and natural language processing, enable the automation of variousstages of the contract lifecycle, from initial negotiations to contract performance monitoring. These technologiescontribute to reducing human error, accelerating contract execution, and ensuring compliance with regulatoryrequirements. However, challenges such as the need for data governance, cybersecurity, and upskilling theworkforce to collaborate with AI systems persist. Ultimately, AI plays a pivotal role in optimizing contractmanagement and enhancing competitive advantage within the industry.

Focusing on the industry and challenges Artificial Intelligence and Contract Management in the Oil and GasSector: Overcoming Challenges and Seizing Opportunities Keywords:

artificial intelligence , contract management , oil and gas industry