Procurement technology has gone through a huge transformation over the last decade. The ability to use and drive value from procurement technology has become a critical factor in differentiating the top performers from the laggards. And with more and innovative technologies starting to emerge, the threat of widening gap in procurement performance between these groups is a new reality. The fast change in procurement technology marketplace demands that procurement teams pay closer attention to it.

The following infographic is based on the report “The State of Procurement Technology in 2018: The Future is Now” from Ardent Partners which highlights few insightful stats that’ll help procurement professionals to analyze the current state of the procurement technology market and which new and emerging technologies have the greatest chance to impact the industry.

To read the complete report, click here.

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