Data Management

How Quantum Computers Will Change Our World

Posted: 06/12/2020 - 22:14
Quantum Computers

There’s something that has been revolutionizing our world without us even noticing it. A technological device that promises to create a new way to encrypt information and process data. This technology is called quantum computing. This isn’t something easy to understand at first, but once we know the science behind it, we’ll be able to see the benefits this could bring to our society. 

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.

Absence Intelligence: The New AI in HR

Posted: 04/01/2020 - 00:12
AI in HR

Just about every company monitors when its staff is absent, whether on a planned holiday or sick, and has a policy for how much leave its employees are entitled to. However, very few go any deeper than this. Absence is observed, but most companies do not see the implications of certain trends or ensure compliance across a global workforce, much less take any proactive steps to help their staff on absence-related issues.

Do you trust your supplier data?

Posted: 03/09/2020 - 03:41
Supplier data

It is no secret that poor supplier data is the single largest barrier facing successful eProcurement transformation. Organizations in all industries, regardless of size, are susceptible to massive budget overruns or outright project failure without a well-thought-out data acquisition strategy.

Not convinced?

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.

6 Best Practices for Successful Last Mile Delivery

Posted: 06/28/2019 - 06:07
The continued growth of e-commerce is fueling the parcel delivery market. Millions of parcels are delivered daily in the U.S. alone. E-commerce and delivery companies have optimized most of the supply chain to deal with the higher workload. For example, businesses have started to process orders in minutes instead of hours. However, many companies fail to optimize their last mile deliveries, which can result in unnecessary expenditure.   
 

Cognitive Procurement is Trending and Cognitive Outsourcing is Up Next

Posted: 05/25/2019 - 01:29

There has been a lot of buzz about “cognitive procurement,” the application of artificial intelligence (AI) to support buying goods and services to free up humans to handle valuable procurement functions that AI cannot manage.

The same advanced technologies that are making procurement smarter, more efficient and more data-driven, can be used to make outsourcing relationships leaner, more profitable and more advantageous. 

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