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Hackett: Procurement Renews Focus On Cost Reduction as its Top Priority

The Hackett Group

Procurement leaders are also actively evaluating how generative AI (Gen AI) can help them improve both efficiency and effectiveness in a range of functional areas. Procurement is once again anticipating an efficiency gap in 2024 as workload is expected to increase by 8% in 2024, while budgets are expected to rise by only 1.6%.

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Examples of sustainability in business

IBM Services

Sustainability in business also provides organizations an opportunity to create more efficient supply chains that have a positive impact on the planet. Recycling programs, renewable energy sources, waste reduction and energy efficiency—all these things in theory can contribute to better environmental footprint.

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Beyond the Hype: Approaching Gen AI in BFSI Enterprises with the Generative AI-EXCEL Framework | Blog

Everest Group

A thoughtful approach is essential for consulting and enabling generative AI across the value chain before delving into specific use cases, relying on AI technology partners, and tool selection advisory services to ensure that organizations secure the right resources for success. Gen AI can generate content that is low in authenticity.

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A short guide to AI-first wealth management

Infosys Consulting

The new clientele demands a similar level of access to efficient advisors who can provide solutions catering to specific life-events and situations of the clients. Figure 1: Evolving paradigms in wealth management Technology, data, and analytics remain the key in this changing business model. He is also a certified FRM.

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Examples of IBM assisting insurance companies in implementing generative AI-based solutions  

IBM Services

Generative AI-based solutions designed for agents can significantly reduce document search time, summarize information and enable advisory capabilities, leading to productivity improvements ranging from an average of 14% to as high as 34% and increased customer satisfaction.

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Corporate Travel Program: How To Create a Program for Employer and Employee Needs

Planergy Software

Modern Spend Management and Accounts Payable software. Helping organizations spend smarter and more efficiently by automating purchasing and invoice processing. How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. What's Planergy?

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The Business Benefits of Impact Sourcing: Beyond Social Good

NoonDalton

Peter Ryan, Principal Analyst at Ryan Strategic Advisory, highlights a growing trend: employees and consumers are increasingly gravitating towards companies that reflect our personal values, making ESG initiatives more crucial than ever. This innovative sourcing strategy is rooted in the principle of creating shared value.