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" ... Bringing Industry 4.0 to procurement is part of a larger goal for many organizations: centering procurement as a value creation center and strategic leader. AI, process automation and an integrated datasphere provide the foundation, enhanced by the capabilities of Industry 4.0 technology. ... "
" ... Consider this: Centralizing data management, particularly through the use of cloud technology, reduces waste and lowers costs considerably by improving communication and collaboration. Standardization and a cohesive datasphere make it easier to capture, access, share and analyze data. Transparency improves as data silos are dismantled, and data quality rises, rather than falls, with data quantity. ... "
" ... Still, it’s one thing to automate a specific function within a department, but it’s another thing entirely to be what we consider an “AI company.” To be clear, this is not a business run by robots, but an organization that can use process automation to its advantage at will. An AI company is one with full transparency and access into its internal datasphere, but more importantly, an AI company has full command of that data. ... "
" ... The figure below shows the growth of the global datasphere by region. ... "
" ... What happens next in the datasphere is a compound effect where users themselves not only continue to create their own vortex of information, but a new type of information intercourse starts to happen. Online data marketplaces and exchanges where multinationals buy and sell data are now starting to flourish — and as many as a third of enterprise companies may be using these systems in the next couple of years. ... "