The Big Picture: The AI imperative: procurement’s next evolutionary step

The Big Picture: The AI imperative: procurement’s next evolutionary step

By GEP

The generative learning capabilities of artificial intelligence, through large language models such as ChatGPT, have fired the imagination of the public and business leaders alike.

Gartner’s 2023 Hype Cycle places generative AI – the ability for artificial intelligence to create ‘new data’ – at the “peak of inflated expectations” but it expects the technology to be productive within five years. For business and lawmakers the potential uses, benefits and pitfalls are many, varied and difficult to calculate.

Businesses and, by definition, procurement functions, must grasp the technology’s capabilities, understand the best fit and take the next digital step.

Download this Big Picture whitepaper, published in partnership with GEP, to gain insights into:

  • The value AI could potentially bring to businesses and their procurement functions.
  • Potential use cases for AI.
  • Why high-quality data is a prerequisite to successful deployment.