Legal Predictive Analytics
Legal predictive analytics is the forecasting of outcomes through analysing quantitative legal data, so you can take better decisions.
Publican is able to use the power of machine learning in order to synthesize the multitude of factors present in every case to make accurate predictions.
Publican's first solution focuses on public tenders and public procurement law.
Where does Publican come into play during the award phase of a public tender?
Review the administrative clauses of the tender documents using Artificial Intelligence
Predict the outcome or treatment of a public tender case by the Belgian Council of State based on historical data
Why would anyone want to challenge an award decision of a contracting authority (also called "bid protest")? The bottom line goal in the protest process is to gain another chance at securing the public contract.
About public procurement
Public procurement refers to the process where governments buy goods, works and services from private suppliers. Public procurement law regulates this process, while contracts are the implementation tool for the performance of public procurement goals.
The public tender market in Belgium accounts for about € 60 billion or 16% of gross domestic product (GDP) on an annual basis. At European level, public tenders account for more than 16% of Europe's GDP. According to EUROSTAT, the EU market accounts for € 2 trillion a year.