BIG DATA in Procurement in 2017 looks this way: when talking to suppliers this BIG DATA requirement means that any information in the digital format generated by the supplier under an agreement has to be collected, systematized, stored and made available to business at short notice when requested. And when dealing with that I go beyond just reporting requirements. I try to get all the details about the data that can be related to a given contract. Do you think this is one of the topics on your today’s agenda? Since detailed external data may also influence internal analytics.
P.S. if only we could have an external Global repository…