Saturday, 15 March 2025
Drooms has expanded its AI portfolio with the launch of the Drooms AI Assistant, a tool designed to improve efficiency in real asset transactions by reducing manual effort. The AI Assistant leverages semantic search and large language models to analyze due diligence documents, such as contract data, within seconds. It allows users to search for information, generate summaries, and receive explanations in real time, regardless of the language of the original documents.
With the introduction of this tool, the manual workload involved in handling large transaction volumes is expected to decrease by up to 50 percent. The AI Assistant can analyze documents, interpret technical terms, and summarize content, making it easier for users to navigate complex transactions. It is also capable of conducting risk analyses of contract documents, eliminating the need for time-consuming manual searches.
The AI Assistant is part of Drooms’ broader AI portfolio, which includes automated document sorting, naming, redaction, and translation. It has been developed in response to the increasing complexity of transactions, with data sets growing significantly in size. According to platform data, the average data volume in a transaction increased by 20 percent between 2023 and 2024, contributing to longer processing times.
To ensure accuracy, the AI Assistant is trained with internal expertise on real asset transactions. Its responses are backed by direct references to relevant text sources within documents, allowing users to verify the information provided. This feature minimizes the risk of inaccurate or misleading responses.
Data security has been a central focus in the development of the AI Assistant. The tool operates within Drooms’ secure platform and complies with data protection regulations in Germany, Switzerland, and the EU. Unlike public AI models, such as ChatGPT, live customer data is not used for training purposes. Additionally, all data processing is carried out on Drooms’ own servers in Germany and Switzerland, preventing potential data leaks to third parties outside of Europe.
The AI Assistant will be available to Drooms users from 10 March 2025. The company plans to continue expanding its functionality, further enhancing its AI-driven solutions for real asset transactions.
