SUPPLY CHAIN
As in many spheres , AI-driven solutions are expected to be at the very heart of the future of CMS technology thanks to the potential benefits of automation , cost savings and decision-making .
Santosh thinks we will see an adoption of AI to accelerate in 2024 and into next year : “ Early adopters are showing significant competitive advantages across their financial , operational and business outcomes – and increasing pressure on the laggards .
“ At the same time , software continues to evolve and newer applications in terms of intricate pricing , fully automated obligation management and AI assistants for complex terms will continue to become available .”
But alongside the benefits Shannon predicts more rules : “ We can expect more regulations around AI technologies , as evidenced by recent legislation like the EU AI Act . This regulatory environment will require companies to demonstrate that their use of AI is safe and effective , creating an opportunity to demonstrate compliance with regulations through contracts .”
supplychaindigital . com 103