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Unlocking Gen AI Potential in Procurement
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In this episode of the Business Excelleration® Podcast, Vin Kumar, Tim Yoo and Jeff Gilkerson explore the growing interest in generative artificial intelligence (Gen AI) among procurement companies. They highlight the challenges companies face in understanding what they require to effectively integrate Gen AI into their operations, and discuss its potential impacts on efficiency, effectiveness, contract management and the necessity for enhanced skills training.
Chapters
1. Unlocking Gen AI Potential in Procurement (00:00:00)
2. Welcome to this episode hosted by Vin Kumar. (00:00:49)
3. How leaders are currently thinking about Gen AI. (00:01:37)
4. What differentiates Gen AI from regular AI? (00:03:45)
5. How are clients using new Gen AI? (00:06:33)
6. The expectations of procurement officers for adopting AI. (00:09:28)
7. Data privacy concerns with AI. (00:17:29)
8. The need for proper training and strategic work. (00:23:32)
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