In this video, industry experts discuss the integration of Generative AI in procurement and its potential impact on business processes. They explore how Generative AI can assist in tasks such as contract summarisation, supplier evaluation, and mass communication, while also addressing the challenges and considerations for implementation, including security concerns and managing expectations. The conversation highlights the importance of aligning AI applications with business needs, ensuring data security, and the human aspect of adapting to new technologies.

• > Generative AI is rapidly developing with numerous use cases and offerings, but no organisations are yet considered advanced in its perfect application.
• > ArcelorMittal is exploring Generative AI applications in procurement and has implemented pilot projects with promising results.
• > Security and proper handling of data are critical concerns when integrating Generative AI into business processes.