Spend Analysis: Why haven’t we perfected AI-based classification yet?

Well, unlike some industries where AI can completely replace human intervention, data classification is not a black and white, right or wrong process. There is context, variables and conditions that all have an effect on data classification.

Excellent question isn’t it! And the answer is that, and every Procurement practitioner know it too, there are too many interpretation on the same data coming from different business. Think about a shoe or a glove in Retail or Healthcare. 

So we dreamed about a nice, quick and easy tool but if AI can accelerate the process but human are still involved for a while….

Image from Modern analyst

Lectori salutem, AdC

IWD: Data Classification – AI and RPA are NOT taking over the world according to this expert

We mentioned here in our overview of eWorld last week that we met a lady who ‘cleans, fixes and classifies dirty spend data’ and maintains it for ongoing efficiency and accuracy of your S2P process…

Related posts:

Buyers – Robot, Augmented Buyer, what will be the future of the buyer? How the ambitious Esker is moving from eInvoicing to Source to Pay About the Digital Transformation of Procurement – interview with Sylvain Féraud About the Digital Transformation of Procurement – interview with Joël Aznar