Data Analytics and Artificial Intelligence for Cognitive Procurement

Data analytics is the process of examining data sets in order to draw conclusions about the information they contain, increasingly with the aid of specialized systems and software. Data analytics technologies and techniques are widely used in commercial industries to enable organizations to make more-informed business decisions. Artificial Intelligence (AI) is where we first heard the term cognitive technology. Technology experts began seeing the benefits of AI among consumer and business application. Amazon's Alexa and chatbots are two that come to mind that is now ubiquitous in homes and businesses.