Procurement Magazine March 2024 | Page 84

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Deloitte highlights a five step plan for those looking to embrace Gen AI :
1 . Outline a clear strategy Organisations will need to revise their strategies across all pillars of the operating model as well as value drivers . They will need to determine how generative AI will be integrated into sourcing and procurement .
2 . Build the infrastructure required to support the use of Gen AI Organisations will need to identify and deploy new Gen AI enabled tools and update their technology landscape .
3 . Improve data quality and governance Organisation will need to implement new governance mechanisms and controls with security roles defined for AI agents , as well as profile , clean and convert data leveraging rigorous data governance policies .
4 . Develop a robust talent strategy Organisation will see new workplace structures emerge with a mix of
84 March 2024