PEOPLE & TECHNOLOGY
The benefits and value-add of AI-powered technology In addition to the increased efficiencies throughout the sourcing process enabling quicker speed to market , companies that have embraced Glo ’ s AI-powered sourcing technology have also seen significant cost savings .
For example , Santander Bank enjoyed an average of 15 % cost savings on projects as a result of implementing the platform . It creates efficiencies that mean companies can do more with less , while also moving faster . It democratises key steps in the process , letting those with the means to easily and quickly capture them , communicate with procurement and suppliers , all while ensuring compliance and risk management .
“ AI-powered sourcing also builds vital agility and resilience into supply chains and value chains ,” Hausmann says , “ allowing companies to identify the best supplier for each sourcing need through insights drawn from the millions of data points that Glo has generated from every project done on the platform .”
“ AI IS NOT REPLACING PEOPLE – IT ’ S ELIMINATING MUNDANE TASKS SO THAT PEOPLE CAN DO THEIR WORK MORE EFFICIENTLY ”