DocuSign Buys Seal Software, Maker of AI-Driven Contract Analysis

DocuSign is moving into AI with the acquisition of Seal Software, maker of AI-driven contract analysis, for $188 million in cash.

DocuSign is one of the leading electronic contract platforms, providing a way for companies to share, organize and sign electronic documents. DocuSign already resells Seal’s software as part of its DocuSign Agreement Cloud. The acquisition will drive further integration between the two platforms.

“As the Agreement Cloud company, DocuSign is about digitally transforming the very foundation of doing business: agreements and agreement processes,” said Scott Olrich, DocuSign’s chief operating officer. “We believe that AI will play a vital role in this transformation. And by integrating Seal into DocuSign, we can benefit from its deep technology expertise and its broad experience applying AI to agreements.”

According to the statement, “Seal is recognized as one of the pioneers in AI-driven contract analytics. Its technology can rapidly search large collections of agreements by legal concepts (rather than just by keywords); automatically extract and compare critical clauses and terms side-by-side; quickly identify areas of risk and opportunity; and deliver actionable insights that help solve legal and business challenges.”

DocuSign will continue to sell Seal’s software, in addition to integrating it with DocuSign CLM.

“For DocuSign customers, these capabilities will mean faster, more efficient agreement processes. Seal customers will in turn benefit from deeper access to the full capability of the DocuSign Agreement Cloud—especially document generation and advanced workflows.”

DocuSign’s acquisition of Seal Software illustrates the wide-ranging industries AI continues to impact.

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FCC Set to Fine Carriers For Sharing Location Data

Following an investigation in which the FCC found carriers broke the law by selling customer location data, the agency is poised to levy significant fines.

It first came to light in 2018 that carriers were selling customer location data to third-party companies that turned around and resold it again, or even gave it away. Privacy advocates and lawmakers alike raised the alarm, especially since it provided a legal loophole around the requirement that carriers be the sole gateway for the government to access such information.

As a result of the outcry, Verizon was the first to stop sharing customer data, with the other three carriers following suit shortly thereafter. Even so, the FCC launched an investigation into the practice, concluding “that one or more wireless carriers apparently violated federal law.”

Now, according to Reuters, the FCC is expected to announce fines on Friday, with the total amount likely to exceed $200 million. The carriers, of course, may appeal the fines or negotiate to reduce the amount.

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A Quick Dive Into Optimization Score

What is an Optimization Score?

You may have noticed a new feature has popped up in your Google Ads campaigns. So what exactly is an Optimization Score and why should I give it my attention?

Find out where you can make an impact

Optimization Score is a helpful new feature that highlights relatively simple ways to improve the performance of your Google Ads campaigns.…

The post A Quick Dive Into Optimization Score appeared first on Seer Interactive.

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The Keys to Lower Inventory Costs

Managing inventory is among the most critical tasks of an ecommerce company. Poorly managed, inventory costs can escalate, and profits erode. In this post, I'll review five tactics of high-performing, multichannel sellers that greatly lower inventory costs while streamlining operations.

The post The Keys to Lower Inventory Costs appeared first on Practical Ecommerce.

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Facebook Cancels F8 Developer Conference Over Coronavirus

Facebook is the latest organization to cancel a major conference as a result of the coronavirus, cancelling this year’s F8.

As COVID-19 continues to spread, its impact is being felt across industries. Companies, such as Apple and Microsoft, have issued warnings they will miss quarterly guidance as a result of the virus. Numerous companies pulled out of RSA Conference 2020, and MWC Barcelona was canceled over concerns. Now, Facebook joins the list of companies whose business and plans are being impacted.

“This was a tough call to make — F8 is an incredibly important event for Facebook and it’s one of our favorite ways to celebrate all of you from around the world — but we need to prioritize the health and safety of our developer partners, employees and everyone who helps put F8 on,” writes Konstantinos Papamiltiadis in a Facebook News for Developers post. “We explored other ways to keep the in-person part of F8, but it’s important to us to host an inclusive event and it didn’t feel right to have F8 without our international developers in attendance.

“We remain committed to the city of San Jose, where we’ve hosted F8, and its community. Every year, we donate a portion of F8 ticket sales to an organization working to diversify the tech industry. This year, we’re doubling that donation amount to $500,000 and will prioritize organizations serving local San Jose residents. We also typically host local students onsite at F8. Working with the next generation of developers is one of the highlights of what we do — and this year, we will still provide an F8-inspired experience for those students in lieu of hosting them at the event itself.”

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EU May Enorce Smartphone Replaceable Batteries

The European Commission is considering a proposal that would force smartphone manufacturers to use easily replaceable batteries.

One of the primary goals of the proposed legislation is to help reduce e-waste by giving users the ability to replace an aging battery and continue using the phone. As ZDNet highlights, how the EU would go about enforcing it is unknown. Evidently, despite the EU trying to enforce a uniform charging port standard, there are no plans to take a similar approach with batteries. Different manufacturers, shapes, sizes and more all play into how batteries are designed.

Although replaceable batteries used to be quite common in cell phones, the industry has changed dramatically since then. Phones have become larger, while at the same time slimmer. Smartphones are used hours more per day, and for a wider variety of tasks, than old-style flip phones.

Companies often are accused of sealing up their phone cases and using non-replaceable batteries to improve profits by making it difficult to replace the battery and extend the life of the device. In at least some cases, however, there are practical issues. Having a sealed case helps keep dust out and makes it easier to waterproof the phone. It can also be easier to put a larger battery in a sealed phone.

These factors will likely cause manufacturers to push back against the EU’s proposal. Whether they will be successful or not, remains to be seen.

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Panic, not the COVID-19 coronavirus itself, may wreck tech in 2020

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There's every reason to be concerned about the COVID-19 coronavirus's damage to society, as well as the impact it's about to have on the technology world.Read More

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