Posted 3/11/2024, 12:41:00 PM
Generative AI to Boost Efficiency and Growth in Procurement Market
- Global generative AI in modern procurement market expected to grow at 36.4% CAGR from 2024-2029
- Generative AI boosts efficiency and reduces costs in procurement processes
- Helps create accurate demand prediction models to aid data-driven decisions
- Direct procurement and predictive modeling are largest market segments
- Key players include IBM, SAP, Oracle, GEP Worldwide, Coupa Software, Microsoft, Basware, Jaggaer, Globality, Zycus