TECHNOLOGY the ability to scale up and down data processing power more efficiently for growing businesses whilst allowing them to also leverage emerging AI and Big Data technologies .”
Technology is proving itself as a major player in all aspects of life today . It ’ s clearly a godsend for a myriad of procurement and supply chain functions , where it allows companies – new and old – to analyse spend for greater visibility , drive exponential improvements in operational performance , enforce compliance through policy , leverage increasingly valuable data , and track detailed analytics .
It ’ s no longer a case of if a company adopts a contemporary suite of technological capabilities but when . And , for the C-Suite executives who decide to neglect the power of tech , don ’ t be surprised if you see your market share drop and your business operations flop – for there ’ s far more growth in adoption and far more stagnation in fearing development . procurementmag . com 99