Generative AI
WATCH NOW
Generative AI
According to PwC , AI is predicted to contribute US $ 15tn to the global economy by 2030 . The transformative potential of the technology , specifically Generative AI and its ability to quickly analyse complex business activities and predict future market developments .
Key ways in which Generative AI will benefit the procurement industry include increased efficiency , productivity improvement , in-depth market analysis , risk mitigation , spend reduction , sustainability and compliance .
“ Generative AI presents a once-ina-decade opportunity to transform procurement ,” says Bain & Company . “ We see generative AI disrupting all aspects of a procurement organisation , from strategy to operations .” procurementmag . com 39