Both standard and advanced automation tools are about to reinvent how procurement teams manage and utilize data in the short-term, and redefine what procurement teams should focus on and what they need to do to drive value in the next decade. In this new “Decade of Data,” CPOs cannot sit idly by. They must work aggressively to become more data-driven in order to capitalize on this extraordinary opportunity or be left far behind.
Over the next decade, Ardent Partners predicts that a new type of intelligence will emerge from procurement’s “Big Data” that will enable Chief Procurement Officers (“CPOs”) to view their operations differently and both empower and force these same CPOs to develop new and smarter strategies and approaches. Join Andrew Bartolini of Ardent Partners and a special guest from Scout RFP, as they discuss the importance of data on procurement operations and performance today, before projecting forward across the decade how data will impact and fundamentally change the profession.