Generative AI is emerging as a crucial topic in supply chain management, particularly in procurement, with expectations for rapid adoption by the end of 2024, according to Gartner’s 2024 Hype Cycle for Procurement and Sourcing Solutions. While 73% of procurement leaders anticipate implementing Gen AI, challenges such as data quality and system integration persist. Current use cases are expanding, including contract management and supplier performance. Despite slow initial uptake—only 7% of companies have fully deployed Gen AI—there’s potential for transformative impact as organizations explore targeted pilots and market opportunities.

Source: https://www.scmr.com/article/gen-ai-on-gartners-hype-cycle-fast-track-to-mainstream-adoption