There are different kinds of Al but since 2022, the most famous of these are Large Language Models (LLM). These are revolutionary Al models that allow people to ask questions in plain English (other language) and the Al will answer in kind. However, LLMs can sometimes “hallucinate”. This means that Al models, may generate information that is incorrect, fabricated, or inconsistent with known facts. Why does this happen?
In high-stakes deals, overlooking a single risky clause can have significant consequences. According to Bain and Company, almost 60% of executives attributed deal failure to poor due diligence that did not identify critical issues.
If you have ever been tasked with reviewing thousands of documents in a VDR for an acquisition or merger, you know it can be overwhelming. How do you make sense of an ocean of data?
With Reccy it is now possible to build a strong overview within minutes and hours rather than waiting weeks. This article will go over the different kinds of AI, machine learning and data analysis that we can use to sort and understand your data.
Large Language Models (LLM)
Large Language Models can read and summarize vast amounts of information faster than any human ever could. But there is a lack of transparency. They will tend to give you answers without showing their work. In due diligence, where every detail matters, that is not good. You need to know why a certain contract clause is risky or how a financial discrepancy can be proven.
Provide your Sources!
Reccy solves this problem by providing sources in your data for any point made – so you can immediately understand why conclusions were made. These are available to download (if you have permissions by your company’s Reccy Admin) so you can focus on the detail you need.
Enter Machine Learning Sidekicks
Traditional Machine Learning (ML) models are also very powerful. Unlike their enigmatic LLM counterparts, ML models are more transparent. They can tell you exactly how they reached a conclusion. For example, an ML model might highlight that a contract has an unusual termination clause because it deviates from industry standards by including specific conditions.
By combining the language prowess of LLMs with the clarity of ML models, we can create a system that not only processes vast amounts of data but also explains its findings clearly.
Why This Combination Matters
The Bigger Picture
By using Reccy and leveraging technology that is both powerful and transparent, businesses can reduce the risk of missing key information when looking through data rooms.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
Your Reccy room is secure, and encrypted at rest. We do not train our systems on your data or pass to any insecure third-party companies. Only those authorised by you can see your documents.
