Autogmentation Part 5: A detailed examination of GenAI features in procurement tech
10/28/2024
Procurement activities and tasks are operational, tactical and strategic. Therefore, depending on the technology used and the processes digitized, the impact of technology can be divided into automation and augmentation, with augmentation being more 'autogmentation' [/aw-tog-men-tay-shun/] as we call it. Traditional AI enables organizations to tackle more complex use cases and follow the path to 'autogmentation,' which focuses on augmenting human intelligence and knowledge with AI as a 'force multiplier' and not simply on increasing efficiency through process automation.
The different approaches to using GenAI in procurement technologies reflect how providers have been responding to the potential of this new technology and the growing customer demand for GenAI features.
But, things change fast in AI, and several additional vendors have implemented GenAI since our coverage at the end of 2023. Therefore, we want to provide readers with an update. Let's look at more use cases from briefs and demonstrations we received.
-
ANALYTICS10/12/2016
-
CORE ANALYTICS05/09/2022
-
-
SOURCING09/12/2017
-
SOURCING06/09/2020
-
ANALYTICS10/12/2016
-
CORE ANALYTICS05/09/2022
-
-
SOURCING09/12/2017
-
SOURCING06/09/2020