The emergence and adoption of new, innovative technologies, such as the Internet of Things (IoT), artificial intelligence (AI), virtual reality (VR), 3-D printing and blockchain could have far-reaching impact on the global socioeconomic environment, thereby transforming the way companies operate worldwide.
As detailed in GEP’s annual Procurement Outlook report, 2017 will see the continued march of digital capabilities across industries and functions. It is expected to be a driver of growth for sectors that previously lagged in digital application. Intelligent automation technologies, such as IoT and AI, will continue to gain traction, along with new technologies − such as VR − that have many potential commercial applications. Across the board, the increased use of digital technology has already begun to have a profound impact on businesses, their customers, and the relationship between the two.
To understand what expansion of digital technologies could mean for Procurement specialists, read the GEP Procurement Outlook Report 2017. (Complimentary Access)