FOREWORD Procurement holds the key to building a more sustainable , even ethical , world
Supercharged by technology to see into new frontiers , procurement emerges as a force to forge a new world of sustainability and ethics
“ Autonomous negotiations have the serious potential to turn the economy around and effectively raise the world ’ s GDP ”
MARTIN RAND , CEO AND CO-FOUNDER ,
PACTUM AI
Autonomous negotiations are an example of ‘ emergent properties ’ in AI . That which was originally created simply as a time- ( and therefore cost- ) saving tool has evolved to develop attributes that are now capable of feats extending far beyond its initial conception .
Case in point : global leader in autonomous negotiations Pactum AI uses a technology called ‘ explainable Artificial Intelligence ’. According to Martin Rand , CEO and Co-Founder of Pactum , ‘ explainable ’ here means that the AI is able to trace the root cause of any decisions made . This has exciting implications for ethical conundrums , as well as clever ways to stimulate financial momentum towards sustainability efforts .
Pactum AI may be the global leader in autonomous negotiations , employing cutting-edge tech to service its clients , but it is by no means alone .
With the increasing convergence of AI and procurement processes – of which autonomous negotiations are a part – the world that ’ s coming into the foreground is one in which humanitarian aspects such as sustainability , and D & I and ethics will be an inescapable aspect . Procurement leads the way . Discover how in the following pages …
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