AI in Procurement: Unraveling the Hype to Reveal Reality

From drafting contracts to automating the Purchasing Chessboard, my experience with generative Artificial intelligence highlights both its strengths and limitations. AI is poised to transform procurement, promising significant productivity boosts and innovation.

AI's potential parallels transformative shifts like electricity and the internet, yet these comparisons can oversimplify the intricate path ahead. For example, Nvidia's valuation illustrates market speculation around AI, starkly contrasting with the practical economic realities we face.

In summary, AI in procurement offers immense promise but is fraught with challenges. This journey requires a collective commitment to navigate the evolving landscapes of technology, ethics, copyright and human values effectively.

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