“The more you use data, the better it will get. So I would argue that the right way to deal with the data quality problem is to take the data you have and use it for analytics. You will get feedback from end users and be able to establish feedback loops to improve the data.”
As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.
For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procurement data ecosystems. We will explore how procurement leaders can meet their analytical requirements while also exploiting the full cross-functional value of data – data that enables corporate growth and competitive advantage.
Every two weeks between April and July 2021, Philip Ideson and Kelly Barner will speak with senior level executives at Sievo, riskmethods, Basware, supplier.io, and EcoVadis – companies at the forefront of the procurement data revolution. Listeners can also download the ebook behind the podcast series in the Links section below.
In this episode, Philip Ideson and Sievo Co-Founder and CEO Sammeli Sammalkorpi discuss procurement’s expanding mandate from the business and how – with the help of quality data and analytics – they can deliver above and beyond expectations:
- Why it has been so difficult up to this point to get a solid grasp on procurement analytics
- The evidence suggesting that humans and automation will be working in partnership for a long time
- How procurement can manage and benefit from the data ecosystem that surrounds them
Dive deeper into procurement data in the new guide featuring Kelly Barner’s interviews with visionary procurement software leaders from EcoVadis, Basware, riskmethods, Supplier.io and Sievo.