ProcureTech SIGNALS 2023 Issue #4

Welcome to our weekly LinkedIn SIGNALS newsletter!

"Digital transformation can be a powerful tool in overcoming productivity stagnation."

Robson Braga de Andrade, President, Brazilian National Confederation of Industry (CNI)

2022 saw the lowest results for productivity growth, yet World Intellectual Property Organization – WIPO 's Innovation Index has revealed that we can expect?to see some key innovation waves which will?transform the procuretech space and deal with such growth issues. Which economies are using technology to their advantage?

Time to meet your new colleague? ChatGPT is on everyone's lips, where it is quickly becoming?a game changer in procurement and beyond. After recent layoffs by the?tech giants, we look at how the tool means to be a friend instead of foe.

You've already seen great things from the 2022 ProcureTech100, but this time you can see their capabilities.

We're hiring!?From Pharma to Automotive and Retail to Oil & Gas, at?ProcureTech?we are privileged to be working with many of the world's leading procurement teams on ambitious, innovative digital initiatives. ProcureTech StrategyLABs, SCOUT and ACCELERATOR programmes enable rapid progress... and we are looking for?passionate digital procurement experts?to?join the ProcureTech team!

Find out more about the role here.

When will the Innovation waves come to shore?

What is the future of innovation-driven growth?

It’s a question a lot of us probably wonder subconsciously as technology continues to innovate and new solutions come to the market.? World Intellectual Property Organization – WIPO considers this in its Innovation Index, where it ranks the performance of 132 economies, highlighting their innovation strengths and weaknesses to provide an indication of how nations are using technology to their advantage.?

Read more about the Index here.

Meet your new colleague ChatGPT - or is it all talk?

Open AI's ChatGPT tool is changing the game for procurement - in more ways than one.

Individuals and corporations are able to complete tasks, save money and have their questions answered in seconds.?But with recent layoffs in the thousands at tech giants 微软 , 亚马逊 and 谷歌 , it’s no wonder many are fearing for the future of their jobs - so should you be worried? Or look forward to welcoming a new colleague?

Find out more about your new colleague.

The 2022 ProcureTech100 and their many capabilities

The 100 most innovative, progressive and customer centric digital procurement solutions on the planet.

Selected from over 4,000 digital solutions, the ProcureTech100 identifies and champions the 100 pioneering digital procurement technology, data and analytics solutions that are supercharging procurement and the enterprise across 10?core capabilities.

Learn more about the 2022 ProcureTech100 and their capabilities.

News

The news that matters this week...

?? Archlet Supplier Diversity survey -?take part and get early access to the findings!

?? Global spend and procurement platform PayEm ?secures $220m in equity and debt

?? Ulula - An EcoVadis Company : a?brighter future for migrant workers?through digital

???Smart Professional Services Procurement startup? apadua closes its first funding round

?? Terzo outlines how?Contract Intelligence can revolutionise?your business

?? AI in 2023: Ironclad looks at how the?tech is revolutionising digital contracting?and more

?? 7 things to know about?Contract & Vendor Management software?according to Gatekeeper

???ProcureTech100 2022 Yearbook?- get your FREE copy now!

Experiences

The must-attend digital and procurement experiences...

???Scoutbee Predicts: 2023 Scoutbee ?9 February

???Successful strategies to combat inflation and preserve profitability Ivalua ?9 February

???How to gain the visibility you need to achieve your cost targets and ensure supply continuity LevaData ?14 February

???Big Ideas Summit Procurious ?9 March London

???Why ESG is important for FinTech Trakti ?31 January

Podcast

This week's podcast...

???A conversation with? Frederic Laluyaux , Founder & CEO of?ProcureTech100 pioneer Aera Technology . He outlines how Decision Intelligence is transforming supply chains, plus the balance between people and technology. Listen here???

If you enjoyed this newsletter, then please share with your peers and friends, more collaboration and conversation = more inspired action!

Follow us on?LinkedIn?for daily digital procurement insights.

As usual, we'd also love to hear your wisdom, feedback and suggestions on any 'hot'??? digital procurement topics or events you'd like to hear more about or to share.

The?ProcureTech?Team