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Of organisation with more than 1,000 employees , 94 % have adopted cloud technology in a large proportion of their workloads . As technology advances , more organisations are exploring the use of multi-cloud or hybrid cloud approaches rather than simply using traditional public or private cloud .

As such it is clear to see that cloud is a vital tool within the day to day function of an organisation . Ways in which procurement sepcifically can benefit include cost efficiency , end-toend integration , easy collaboration , user friendly , and great visibility .

By 2030 , it is estimated that IoT will unlock between US $ 5.5tn and US $ 12.6bn in value globally . Turning to the application of IoT in procurement help professional in the function to navigate its complexities . Benefits of IoT for the function include enhanced visibility and collaboration , the ability to track materials , inventory management , compliance and auditing , and improved decision-making .

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