Posted on

Harnessing the power of artificial intelligence

Harnessing the power of artificial intelligence

On an early visit to the University of South Carolina, Amit Sheth was surprised when
10 deans showed up for a meeting with him about artificial intelligence. 

Sheth — the incoming director of the university’s Artificial Intelligence Institute
at the time — thought he would need to sell the deans on the idea. Instead, it was
them pitching the importance of artificial intelligence to him.

“All of them were telling me why they are interested in AI, rather than me telling
them why they should be interested in AI,” Sheth said in a 2020 interview with the
university’s Breakthrough research magazine. “The awareness of AI was already there and the desire to incorporate
AI into the activities that their faculty and students do was already on the campus.”

Since the university announced the institute in 2019, that interest has only grown.
There are now dozens of researchers throughout campus exploring how artificial intelligence
and machine learning can be used to advance fields from health care and education
to manufacturing and transportation. On Oct. 6, faculty will gather at the Darla Moore
School of Business for a panel discussion on artificial intelligence led by Julius Fridriksson, vice president for research.

South Carolina’s efforts stand out in several ways: the collaborative nature of research,
which involves researchers from many different colleges and schools; a commitment
to harnessing the power of AI in an ethical way; and the university’s commitment to
projects that will have a direct, real-world impact.

This week, as the Southeastern Conference marks AI in the SEC Day, we look at some
of the remarkable efforts of South Carolina researchers in the area of artificial
intelligence. 

Posted on

Meetings and Events Market Sourcing and Procurement Intelligence Report | SpendEdge

Meetings and Events Market Sourcing and Procurement Intelligence Report | SpendEdge

Key Highlights Offered in the Report:

  • Information on how to identify strategic and tactical negotiation levels that will help achieve the best prices.
  • Gain information on relevant pricing levels, detailed explanation on pros and cons of prevalent pricing models.
  • Methods to help engage with the right suppliers and discover KPI’s to evaluate incumbent suppliers.

Get a free sample report for more information

Insights Into Supplier Selection and Evaluation:
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in Meetings and Events.

This report evaluates suppliers based on quality and purity test of product samples, production capacity, certifications and accreditations, and geographical presence. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, working environment, quality control, sla nuances, acceptance criteria, legal requirements, change management procedures, pricing models, and penalty clauses.

For More Insights on Buyer Strategies and Tactical Negotiation Levers: www.spendedge.com/report/meetings-and-events-sourcing-and-procurement-intelligence-report

Key Drivers and Trends Fueling Market Growth:
The pressure from substitutes and a moderate level of threat from new entrants has resulted in the low bargaining power of suppliers.

Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects a change of 4%-5%.

  • Identify favorable opportunities in Meetings and Events TCO (total cost of ownership).
  • Expected changes in price forecast and factors driving the current and future price changes.
  • Identify pricing models that offer the most rewarding opportunities

Some of the Top Meetings and Events Market Suppliers Listed in This Report:
This Meetings and Events procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

  • American Express Global Business Travel
  • CWT
  • BCD Group

Smart Procurement Starts Here:
SpendEdge’s procurement intelligence platform is the go-to tool for companies looking to access latest procurement research insights and supplier data on an easy to use platform:

Subscribe Now for FREE, to get instant access to over 1000 market-ready procurement intelligence reports without any additional costs or commitment.

Table of Content

  • Executive Summary
  • Market Insights
  • Category Pricing Insights
  • Cost-saving Opportunities
  • Best Practices
  • Category Ecosystem
  • Category Management Strategy
  • Category Management Enablers
  • Suppliers Selection
  • Suppliers under Coverage
  • US Market Insights
  • Category scope
  • Appendix

About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.

Contacts
SpendEdge
Anirban Choudhury
Marketing Manager
Ph No: +1 (872) 206-9340
https://www.spendedge.com/contact-us

SOURCE SpendEdge