Articles

8 ways your AP process leaks spend and how AI can prevent it

Today’s companies put huge efforts into negotiating the best terms with their suppliers. Procurement teams regularly spend weeks or months going back and forth on contract terms and volume discounts to get the most bang for their buck. Too often, these savings aren’t realized.

Classification Systems vs Taxonomies

Is a taxonomy the same as a classification scheme or system? Or, to put it another way, is a classification system, such as the Dewey Decimal System, a kind of taxonomy? Both of these kinds of knowledge organization systems have the feature of arranging topical terms in a hierarchy of multiple levels, without having related-term relationships or necessarily synonyms/nonpreferred terms, which are features of thesauri. So, it appears as if the only difference is that classification systems have some kind of notation or alphanumeric code associated with each term, and taxonomies do not. The differences, however, are greater than that.

Cognitive computing and AI begin to grow together

When we first attempted to define cognitive computing, we found clear differences between it and AI. We posited that for software to be considered a new type of computing - “cognitive,” it must solve problems that were insoluble today. This new class of problem has no precise answers. Instead, it is open to interpretation - it is ambiguous or has no one right answer that is amenable to computation.

Eight Ways Data Governance Builds a Positive Company Culture

Increasing amounts of data and its ability to support a competitive advantage has changed the way businesses function today. Enterprises can use data to improve operational efficiency, build brand reputation, mitigate risk and fraud, enhance the customer experience, and even boost revenue.

Gartner CIO Survey Identifies Key Challenges for Governments

Fifty-eight percent of government CIOs faced organisational disruption during the past four years, according Gartner, Inc.’s 2020 global survey of CIOs. Fifty-two percent of respondents said they had also faced a funding shortfall in that same time frame. These figures are higher than those for all other industries.

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