STRATEGIC SOURCING
How are organisations leveraging exponential technologies like AI and edge computing to transform unstructured data into real-time market intelligence? Specifically, how does this shift move strategic sourcing from a reactive model to a truly predictive one?
Ashley Hetrick, BDO USA: I think the really fortunate place we are in right now is that we have all the data and we have the tools to mine insights from it. What we lack is focus. I see so many organisations drowning in data, not because they can’ t interpret it, but because they can’ t say what the three problems are that they’ re trying to solve.
If I really want to be proactive, what are the three areas that are going to change the game for me versus all the signals I could receive at one moment? Once I can really get down to that problem statement, then I can extract the pool of data that I actually need to be analysing and deploy the right tools to give me those insights.
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