Buyers Meeting Point - How does an AI think about taxonomy?

Emerging technologies are'all the rage' in procurement today – especially for rules-based tasks that have to be quickly and reliably executed at scale. Transaction categorization is no exception from the trend. There are a number of ways to leverage technology for categorizing procurement activity, but they are not all created equal. Some employ top-down business rules'under the hood' while others leverage AI, and while the end result might appear the same at first glance, this could not be further from the truth. When taxonomy information is assigned to a transaction, the goal is to represent an accurate and actionable truth about the business activity.