Procurement Magazine June 2021 | Page 155

TELUS and driving incremental value . Also bringing our data into the Google Cloud Platform will enable us to clean the data , create actionable insights for teams , and integrate the data flow right across the organisation ."
" Reducing the time it takes to get the relevant data is our biggest challenge " Saad adds . To address this they are deploying a range of advanced technologies like NLP , machine learning , advanced analytics and AI . Deploying AI tools with hyper automation is particularly important , to enable them to automate tasks , and to aid end-to-end visibility from suppliers .
Another important tool is smart contracting . Smart contracts are written
TELUS became a national Canadian brand in

2000

but its history dates back to the late

1800s in a digital format , in language that is readable by both humans and machines . Typically run on a blockchain , they can also contain an algorithm that automates the performance of the agreement itself - in procurement and supply chain , they are increasingly used for inventory management and the automation of payments .

The aim of these tools , Saad explains , is to do the administrative work to enable their teams to focus on leveraging relationships with suppliers , as well as innovation .
While their priority is to develop their core competencies and enhance in-house capabilities , only using third parties when necessary , their partner ecosystem is crucial to advancing the business , as
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