Category Archives: Procurement

Spend Analytics using AI & Data Science

What is spend analytics

In this post, you will learn about the high-level concepts of¬†spend analytics in relation to procurement and how data science / machine learning & AI can be used to extract actionable insights from spend analytics. This will be useful for data analytics or business analytics professionals looking to understand the concepts of spend analytics. The following topics will get covered in this post: What is spend analytics? Why spend analytics? Spend analytics – Descriptive & Predictive¬† Some popular spend analytics products What is Spend Analytics? Simply speaking, spend analytics is about performing systematic computational analysis to extract actionable insights from spend data. As part of spend analytics, the following are …

Continue reading

Posted in Data Science, Machine Learning, Procurement. Tagged with , .