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 ...
Blockchain falls out of favour
Not long ago, blockchain technology was touted as the go-to technical solution to a raft of government problems. From social security to smart contracts, blockchain was going to be the product that could revolutionise public services.
In the past, we explored the question of whether procurement needs blockchain technology in an article "Does Procurement Need Blockchain?". In ...
8 Reasons Why Procurement Doesn’t Need Blockchain
Blockchain is fundamentally a database, but rather than a database where one item is allowed to replace another, each change to the data is added as new record that is then chained to other records using a complex algorithm.
These records are then distributed across multiple instances, so the records aren't held in a central database but ...
Procurement Disruption Continues
The disruption in traditional procurement continues around the world, with many countries moving towards digitising their government procurement processes. E-procurement platforms are being implemented to streamline the purchasing process, reduce paperwork, and enhance transparency. This transformation aims to make procurement more efficient and accessible for both suppliers and government agencies.
So too, artificial intelligence and automation are ...
New Tech Disrupts Traditional Government Procurement
A Silicon Valley startup, GLASS, has created a revolutionary new tech, Glass Commerce, an e-commerce marketplace enabling compliant transactions between government buyers and verified vendors, including small businesses, without bids or paperwork.
Glass Commerce is designed to power local Business to Government (B2G) relationships resulting in the purchase of goods, services, software and rentals under $25,000 (USD).
Paola ...