The ROI Rules of AI: Procuring Success (Sponsored Content)
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Since you're a subscriber to this Bloomberg podcast, we thought you'd be interested in a new four-episode sponsored podcast called The ROI Rules of AI. Produced by IBM and Bloomberg Media Studios, it explores how business leaders are thinking about the return on investment of artificial intelligence projects. You can subscribe wherever you listen to your favorite podcasts. Here's a recent episode. Imagine you work in the procurement office of a major company.
You've been assigned to find a supplier for a key component of your flagship product. You need to limit your company's risk. So you begin by asking, is a potential supplier financially healthy? Are they being sued? How do they score on environmental, social, and governance metrics?
What are the odds the supplier could be temporarily shut down by a war Or a hurricane. And those are just some of the questions you'd have to answer. It could take you days to thoroughly investigate just one potential supplier. The problem was efficiency.
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