Information Technology (IT)

Procurement is not known for being the front-runner in adopting new technologies however, efforts made over the past decades by digitizing supply chains and procurement processes has allowed many front runners to adopt Artificial Intelligence (AI) solutions today and not the distant future. Data formulation and analysis will be the key on the sourcing and procurement side. The traditional procurement as we understand today will not survive.

IoT in procurement; mobile devices are now commonly used in the procurement function to gain instant access to analytics, order data, and requisition and invoice approval. Worldwide Spending on the Internet of Things to Reach $745 Billion in 2019, Led by the Manufacturing, Consumer, Transportation, and Utilities Sectors.

The terms “Cloud Storage” and “Cloud Computing” are oftentimes used interchangeably. One may be tempted to believe they have the same meaning, but this is far from the truth. As much as cloud computing and cloud storage have a lot in common and are derived from the same source (the cloud), they are different concepts.

Enterprise Content Management (ECM) solutions enable an organization to take full advantage of the customer information and company knowledge embedded in its content. ECM solutions capture, store, activate, analyze and automate business content, providing new value from data that was previously unstructured and unavailable.