The Smart Cube
AI IN PROCUREMENT
The Smart Cube
The Smart Cube combines Artificial Intelligence and Human Intelligence in a powerful blend that adds value for their clients . It ’ s a refreshingly different approach to organisational intelligence .
geopolitical conflicts and the growing cyberthreat landscape are all complicating risk monitoring .
“ Nowadays , organisations face multiple types of risk at numerous points in their supply chain .”
According to Dhawan , with so many potential risks at play , it ' s not humanly possible to keep track of all that data on a real-time basis without technology . “ So that ' s where AI and machine learning can really shine ,” she says . “ They can be used to examine a vast amount of data and provide early warning signals .
“ From there , humans can contextualise that data , deciding how it impacts their business and what action to take . As the risk landscape complexifies , this use of AI will become even more important .”
Procurement organisations must find the balance between AI and HI that works best for them , according to Dhawan . “ Chasing after the latest technology solution isn ’ t always the right thing to do . Factors such as adoption , applicability and return on investment ( ROI ) must be taken into account .
“ The optimum approach towards AI will be about unearthing the best use-cases for it to work alongside HI , in the specific contexts of an organisation – and then striking the right balance between the two – to best meet the business objectives .”
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