Procurement Magazine May 2025 | Page 196

EXECUTIVE AI & ML INSIGHT
Q. A RECENT GARTNER REPORT SUGGESTS THAT 63 % OF PROCUREMENT ORGANISATIONS FEAR LOSING COMPETITIVE ADVANTAGE WITHOUT IMPROVED DATA ANALYTICS. HOW DOES GLO ADDRESS THIS CONCERN?

» With Glo’ s AI-driven commercial and qualitative deal analytics and realtime macro insights, against the entirety of the addressable spend portfolio, both procurement and business teams have instant access to dynamic interactive charts, comparison tables and exportable reports to help make data-driven decisions quickly and easily. Natural language prompts can also answer virtually any“ wild card” data or insight need, with or without the necessity of charts or graphs.

Furthermore, the endless debate about“ data cleansing” is all but eliminated in the case of our customers as the data is built and structured to be clean from the inception of usage. Beyond tackling critical external challenges, the platform’ s latest capabilities also streamline pricing analysis across vast amounts of complex internal data – integrating insights from suppliers, contracts and market trends – enabling users to make smarter decisions at every stage of the sourcing journey. These insights include being able to examine scenarios and options that traditional analytic methods make very time-intensive or complex to do.
196 May 2025