Artificial Intelligence Poised to Transform Public Procurement
Our CEO, Ian Makgill, recently discussed imminent AI impacts on public procurement in an enlightening The Trowers podcast. Rapid advances in generative language models like ChatGPT foreshadow revolutionary change ahead. Yet governments have scarcely begun responding, given the swift pace of progress. Ian explored both challenges and opportunities from AI alongside transparency and data improvements still ...
Is AI Chatbots the future of Government Procurement data accessibility?
Government procurement data encompasses valuable information - supplier details, contract values, and spending patterns. However, navigating this complex data landscape has traditionally been arduous for citizens, businesses, and even procurement professionals. Artificial intelligence (AI) integration is transforming accessibility with the emergence of AI-powered chatbots that deliver instantaneous, personalised data retrieval.
A New Frontier of Accessibility
Navigating the wealth ...
AI, a path to riches
The introduction of Artificial Intelligence (AI) has begun to reshape the very core of procurement analytics. As part of an EU project exploring data enrichment, we're learning exactly how AI is catalysing a new age of data enrichment in the procurement sector.
AI-Powered Data Enrichment in Procurement:
Automated Supplier Analysis: Using AI, procurement teams can automatically link and ...
Denial Of Service By Wall Of Text
Clarkesworld Magazine is a publisher of science fiction short stories. They accept and pay for submissions from anyone. As of last week, they closed submissions due to an overwhelming influx of spam submissions that appear to have been generated by AI algorithms.
Editor Neil Clarke's article, A Concerning Trend outlines the incident and includes this graph showing ...
Policy Proposal: Analysts In Place
Data is critical to the functioning of government. Policies and services live or die on the quality of data. Successes and failures can often be shaped by the decisions teams make at the outset of a project, especially regarding data.
Data integrity, good data design and proper policies to govern data are too vital to ignore. That’s ...
Hallucination As A Service
I asked Chat-GPT to find me some academic papers that highlight the usefulness of combining two different machine learning techniques. I hoped that it might be able to point me to some new insights for some research we’re doing into document clustering. The results were surprising:
These look credible enough, but none of these papers exists. The ...
Future Trends in Government Procurement
Over the years, government procurement has undergone significant changes, with new trends emerging that are reshaping the way governments buy goods and services.
One of the most notable trends in government procurement is the shift towards digital procurement. Governments are increasingly leveraging technology to streamline the procurement process, reduce costs, and improve transparency. Online procurement portals, e-auctions, ...
The Benefits of Data Tech 101
Government procurement, the process by which government entities purchase goods, services and works from private businesses, is being revolutionised by the integration of data technology. The increase in data analytics and digital platforms is making government procurement around the world progressively more efficient, transparent and cost-effective. The implementation of data technology in government procurement is beginning ...
Waiting For A Tsunami Of Text
In a world where text can be generated by an algorithm for negligible costs, we have to rethink how we value the written word. In procurement, the effort required to create written texts has become a proxy for validity. That is changing, in a world where Chat-GTP is the dunce in the room, ie. 2025, there ...
Life Moves Pretty Fast
We've been talking for a while about AI and possible impacts on procurement. We use AI in our own service to almost effortlessly categorise hundreds of millions of documents in dozens of languages. We can complete a task in around 6 hours that would take a team of six humans more than four years to complete. ...