AI IN PROCUREMENT
President MyCube
It’s clear from these experts that AI isn’t going anywhere. Though, whilst it might be here to stay, it needs time to settle just like past technological shifts. “There’s no doubt for me that AI is going to stand forever,” Olivier said at Procurement and Supply Chain LIVE London 2024. He compared AI’s trajectory to the internet and cloud computing – both met with skepticism before becoming indispensable through a hybrid model. “When the internet arrived, people questioned whether it would really change everything. Now, nobody even discusses it. It’s obvious. But it took 20 years. Cloud was the same and AI will follow the same path.”
AI is already reshaping procurement software and beyond: “It’s obvious that if you look at the way AI works, it’s going to change the way software is designed, the way IT projects are put together.”
The real challenge will be establishing clear rules to ensure AI’s ethical and effective use. Hype aside, these experts argue that businesses need to focus on governance, data integrity and longterm strategy. As AI integrates deeper into operations, those who adapt will thrive in this new era of intelligent decision-making.
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