GEN-AI ADOPTION GATHERS PACE
Adonis Celestine , Automation Practice Leader at Applause , echos the need for thoughtful implementation when it comes to privacy concerns . “ One notable problem has been the data privacy , compliance and copyright infringement issues that call into question the data sets being used to train the algorithms ,” he says . “ However , concerns about adopting generative AI may be lesser as AI companies take full accountability for the data used by their LLMs .”
Fine tuning the future of Gen AI As with any emerging technology that is still in a relative form of infancy , there will always
Research from cloud-based spend management software experts Ivalua is suggesting the adoption of AI use in the sector is gathering pace .
The study of 850 procurement leaders across Europe and North America indicated that half have already adopted generative AI tools in their operation , and nearly a third say that such tools will help procurement do a better job and improve decision making .
Key Survey Findings
• 49 % of procurement leaders say their organisation has already adopted generative AI tools , such as ChatGPT in the procurement / supply chain function
• 62 % of procurement leaders believe generative AI tools , such as ChatGPT will help procurement to do its job better and improve decision making
• 35 % of procurement leaders are concerned that their role will be replaced by generative-AI
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