Join Our AI Breakfast Briefing with HICX Solutions

Unless you have been in solitary confinement with no access to the media for the past 2 or 3 years, you will have heard much about AI (artificial intelligence) and the amazing effect it is going to have on our business and day-to-day lives.

OK, some of it is hype but you have probably come into contact with operational uses for AI already; the on-screen “chatbot” which helps you when you go onto a bank website, or the AI behind the scenes that is working out what other products you might like to buy from Amazon based on your past purchases.

Now, AI is starting to make inroads into the procurement world. The leading technology firms are building it into applications around guided buying and catalogue management, for instance, helping end users make the best choices when they place orders. But what we have seen so far is relatively tactical in nature. Helping Lara in Marketing choose the right laptop is hardly competitive advantage stuff or likely to make procurement the toast of the organisation.

But soon, we believe we will start to see more strategic areas where AI can start contributing. Once it contributes to development of category strategies, manages supply chain risk profiles, or leads to fundamentally different sourcing processes, then it will be truly seen as central to procurement’s work and success.

We think therefore that procurement executives need to think about AI and start preparing themselves now for this coming revolution. With that in mind, we’d like to invite you to join HICX Solutions and Spend Matters for breakfast next month, in the very pleasant surroundings of the Searcy’s restaurant at the top of the Gherkin in London.

Costas Xyloyiannis will give us his views on AI; he is the co-founder of software firm HICX Solutions, a computer scientist by training, and a bit of a guru when it comes to AI, particularly in the context of data issues. I’ll also be talking about the areas where I believe AI will make a difference and I’ll be throwing out a few futurist-type predictions as to what “procurement” might look like in the AI enabled world!

But as well as our two fairly short presentations, we want to get some real debate going amongst delegates. What do you see as the big opportunities? Are there risks we need to be considering? How will this impact procurement skills? What big questions do you have on this? So, we hope our guests will contribute as well as hopefully take away some useful ideas and information.

The session runs from 9am until about 10.30am and you can apply to register here. Places are limited (we have a private room, of course) so please don’t delay if you are interested.

 

 

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