In this edition of SpendBytes, we outline the effective solutions ideal to tackle the challenges that beset procurement analytics. A combination of data visualization, artificial intelligence, and service-as-a-product model can help businesses deliver real business value. Spend analytics, especially, can increase cost savings opportunity for businesses by manifold, by collecting, classifying, and analyzing procurement expenditure in real-time.
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TEAM SPENDBYTES
PERSPECTIVE
Deploying analytics to anticipate spending in the Sourcing & Procurement process can proactively define cost savings and improve risk handling.
Read MoreMARKET INSIGHTS
A deep dive into the digitized sourcing & procurement space and why there is an urgent need for businesses to adopt procurement analytics solutions.
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INFOGRAPHIC
Newer technologies such as Artificial Intelligence (AI) and Natural Language Processing (NLP) have opened up a world of opportunities to revolutionize procurement processes.
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MEET OUR PRACTITIONERS
Read about unique experiences and personal insights from our procurement professionals across the globe.
Vaman Sharma – Product Manager, Infosys BPM, India
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