Artificial Intelligence (AI)

Artificial Intelligence still sounds scary. Why?

Posted: 07/01/2020 - 22:03
Artificial Intelligence

I've been working in the financial services space for close to thirty years now. I've seen many trends and technologies emerge. Some take hold, and several are just a flash in the pan. Regardless of how long a concept sticks around, one thing remains: Terminology plays a material role in shaping perceptions. In a world where messaging tends to over complicate things, too many acronyms and too many buzzwords all work against what should be the primary objective: clearly illustrating value.

Bring on the bots: Artificial intelligence to the rescue in the fight against COVID-19

Posted: 06/05/2020 - 05:24
artificial intelligence, data science and machine learning

Since the onset of COVID-19, artificial intelligence, data science and machine learning have gone from time-saving to life-saving technologies. The fact is, they have rapidly emerged as powerful weapons in the fight against the pandemic. 

From accelerating testing capabilities to enforcing social distancing measures, these bots – formerly unsung heroes of AI – have suddenly taken on a significant role in altering the way we face pandemics. 

Here are some of the ways bots continue to play an essential role in the fight against COVID-19:

Applications of Artificial Intelligence in Procurement

Posted: 06/04/2020 - 04:52
Artificial Intelligence in procurement

Today, about 80% of large organizations are using artificial intelligence in their core business – compared to about 10% just five years ago. Companies that focus on AI are harnessing opportunities from vast data availability, machine learning and complementary technologies such as cloud, Internet of Things (IoT) and 3-D printing. And they are doing so with a focus on short-term benefits as well as long-term growth. According to Harvard Business Review, if you miss out, the opportunity cost could be as much as 41% of revenue by 2023.

Rebuilding a Broken Chain: How Agility Can Save The World

Posted: 05/08/2020 - 05:54

There were two stories in recent news that grabbed my attention.  All across the country, food banks are overwhelmed with demand.  Families in desperate need waited for hours for a week’s worth of supplies over Easter weekend, with lines of cars stretching for miles. The demand outstretched many facilities’ ability to fulfill, with some leaving empty-handed, or with less than they need.

How Artificial Intelligence Can Be Used in Your Supply Chain

Posted: 02/12/2020 - 04:33
Using Artificial Intelligence in Supply Chain

Artificial Intelligence (AI) has now invaded how industries operate in more ways than we can count and know. It has developed into a welcome (and now necessary) addition to boost efficiency, sharpen forecasts and speed up certain processes. Any company that sells a product has a supply chain, which is the network of all the stakeholders involved in the creation and distribution of a certain product, and any supply chain can benefit from AI.

This Isn’t Your Father’s Outsourcer

Posted: 12/13/2019 - 05:02
This Isn’t Your Father’s Outsourcer
Technology transformation is not only having a major impact on industries around the globe, but it is also helping to shape the future of IT outsourcing. I recently came across an article written by Deloitte principals in CIO Journal, “Five Forces Shaping Outsourcing for Tomorrow,” that touched on the prerequisites for an effective outsourcing model for digital transformation services and solutions in today’s business environment.

U.S. vs. U.K.: Will employees “fight or flight” when facing economic uncertainty?

Posted: 09/27/2019 - 05:01
U.S. vs. U.K.: Will employees “fight or flight” when facing economic uncertainty?
The human tendency in the face of economic uncertainty is, understandably, to cling to a role out of fear of being last-in, first-out elsewhere. With flip-flopping headlines in the U.S. giving workers whiplash – one day the market sentiment is bull, the next it’s bear – worker anxiety is manifesting in the labor market as expected: employees are staying put and prioritizing job security. 
 

Innovations in Third Party Management: Sprint Corporation and Ivalua

Posted: 09/12/2019 - 23:10
Innovations in Third Party Management: Sprint Corporation and Ivalua

Can you outline why your team embarked on this project and the problem that needed to be solved?

We embarked on the project as part of our larger digital transformation journey. In this case, we were seeking a configurable a flexible procurement platform to:  
(1) Manage our sourcing, contracting and other procurement projects;  
(2) Conduct masterful sourcing events (RFXs and eAuctions); and  
(3) Take advantage of other functionality like spend analytics to mine additional opportunities.   

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