SPENCER PENN
SPENCER PENN
TITLE: CEO COMPANY: LIGHTSOURCE
INDUSTRY: SOFTWARE DEVELOPMENT
LOCATION: SAN FRANCISCO, US
Spencer Penn connects design and engineering to create tools for creators and brands. At Lightsource, he leads digital innovation by combining technology and creative vision to reshape how experiences are conceived and executed. specific clauses, page numbers and language that supports its extractions. By contrast, spend analysis faces wildly varying data quality across ERP systems, while supplier discovery confronts information scattered across the internet in inconsistent formats. Contracting gives AI something concrete to work with, which explains why teams see value faster and more reliably here than in other applications.
Data readiness: The shared precondition The three aforementioned leaders reinforce this data-first logic from different angles of the procurement landscape.
Baber positions data as“ the fuel that drives artificial intelligence.” His challenge at SAP has been structuring data correctly and accessing it from various sources to deliver powerful experiences. This extends beyond procurement silos:“ If you’ re running an effective procurement strategy, it can’ t be siloed from the finance strategy, it can’ t be siloed from the HR strategy, frankly, because a significant portion of your talent strategy is actually external workforce.”
The result is SAP’ s ambition to build“ the first AI native platform for procurement powered by the SAP business technology platform,” where AI operates across source-to-pay in a continuous“ sense, reason and act” loop.
procurementmag. com 107