Purvee Kondal
From this author
Given the attention on Bitcoin, the underlying blockchain technology has been brought to the forefront for organizations looking to explore the benefits and feasibility of managing the supply chain. The level of trust, transparency, and efficiency promised by this technology opens the possibility of revolutionizing how we handle transactions.
With the successes of Ethereum and the popularity of...
Historically, for organizations looking to improve their top or bottom line and gain competitive advantage, leveraging technology has always been considered. As we enter the next industrial revolution, Artificial Intelligence (AI) in our future is no exception. The interest and benefits of AI increase significantly across all industries and functions. The rewards continue to be meaningful for any organization looking to gain productivity and competitive advantage using AI.
...
What’s the biggest challenge in IT deal-making?
Understanding ownership of the process, and what role everyone is playing. This must be clear from the outset. Some organizations are not relationship-driven and rely on the top person, relegating the rest of the team to the sideline. This presents problems, because the team is only involved at the last minute, and by then, it’s too late for them to be effective.
Without a sustained focus on internal collaboration,...
Most people in procurement are nowhere near using AI yet. Why not?
Forward-thinking companies are deploying it to create competitive advantages now. According to Gartner, only about 7% of CIOs had AI identified as a priority in 2018, but by 2019, the number jumped to 40%. For Chief Procurement Officers, this number is likely smaller since many don’t realize that bringing AI to procurement can pay big – and fast – dividends, with very little investment. While...