Procurement Magazine November 2023 | Page 112

Kevin Frechette TITLE : CO-FOUNDER & CEO COMPANY : FAIRMARKIT

Kevin Frechette TITLE : CO-FOUNDER & CEO COMPANY : FAIRMARKIT

Frechette is the CEO and Co-Founder of Fairmarkit , the autonomous sourcing platform . His current focus is on exploring the possibilities for AI and automation across procurement and supply chain processes , most recently Generative AI . He notably has led Fairmarkit to being ranked 159th fastest growing company in America by Inc5000 . and quality and repetition , there are still reservations about reliability . “ There have been instances where generative AI ( GenAI ) bots have provided fabricated answers , data points , and research references ,” adds Walden . “ This was evident in a case involving a lawyer using a GPT bot for legal research , leading to potential disbarment .”
The value of human experience Kevin Frechette from Fairmarkit agrees there needs to be a responsible balance between the use of AI and the input of human expertise , as AI can ’ t yet solve all challenges .