The CIO and CPO can work together to modernize procurement and drive innovation by leveraging cloud, mobile, data analytics, and artificial intelligence (AI). Procurement data, if unlocked, can be a treasure trove of opportunity for the organization. However, procurement is often perceived as a cost center, not a profit center. To change this perception, CIOs and IT can partner with the CPO to harness the same technologies used to transform other parts of the enterprise. By turning data into action, procurement policies can be enforced, leading to cost savings for the business.
