ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION
AI is not a single technology but a collection of diverse, powerful technologies that simulate human intelligence and invest in the power of the digital brain. Using AI techniques, big data analytics can be utilized to discover patterns and a wealth of knowledge. Consequently, this study aims to ex...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Regional Association for Security and crisis management, Belgrade, Serbia
2023-07-01
|
| Series: | Operational Research in Engineering Sciences: Theory and Applications |
| Subjects: | |
| Online Access: | https://oresta.org/menu-script/index.php/oresta/article/view/556 |
| _version_ | 1797674521432424448 |
|---|---|
| author | Omar Al-Sadhan Muhammad Awais Bhatti |
| author_facet | Omar Al-Sadhan Muhammad Awais Bhatti |
| author_sort | Omar Al-Sadhan |
| collection | DOAJ |
| description |
AI is not a single technology but a collection of diverse, powerful technologies that simulate human intelligence and invest in the power of the digital brain. Using AI techniques, big data analytics can be utilized to discover patterns and a wealth of knowledge. Consequently, this study aims to examine the impact of big data, machine learning, personnel, IoT skills, and artificial intelligence in procurement contracts that impact cost savings and improve enterprise performance and productivity by automating previously labor-intensive processes or tasks. One hundred fifty employees from the procurement department of Saudi Organizations were surveyed to collect data. The study's findings demonstrated the importance of big data analytics, the Internet of Things, and digital skills for employees. On the other hand, (machine learning and autonomous driving) had no significant impact on cost reduction.
|
| first_indexed | 2024-03-11T22:00:14Z |
| format | Article |
| id | doaj.art-fb9a77e81bda481d8b0178c95acc527f |
| institution | Directory Open Access Journal |
| issn | 2620-1607 2620-1747 |
| language | English |
| last_indexed | 2024-03-11T22:00:14Z |
| publishDate | 2023-07-01 |
| publisher | Regional Association for Security and crisis management, Belgrade, Serbia |
| record_format | Article |
| series | Operational Research in Engineering Sciences: Theory and Applications |
| spelling | doaj.art-fb9a77e81bda481d8b0178c95acc527f2023-09-25T11:39:04ZengRegional Association for Security and crisis management, Belgrade, SerbiaOperational Research in Engineering Sciences: Theory and Applications2620-16072620-17472023-07-0161ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTIONOmar Al-Sadhan0Muhammad Awais Bhatti1Department of Management, School of Business, King Faisal University, Al-Ahsa 31982, Saudi Arabia.Department of Management, School of Business, King Faisal University, Al-Ahsa 31982, Saudi Arabia AI is not a single technology but a collection of diverse, powerful technologies that simulate human intelligence and invest in the power of the digital brain. Using AI techniques, big data analytics can be utilized to discover patterns and a wealth of knowledge. Consequently, this study aims to examine the impact of big data, machine learning, personnel, IoT skills, and artificial intelligence in procurement contracts that impact cost savings and improve enterprise performance and productivity by automating previously labor-intensive processes or tasks. One hundred fifty employees from the procurement department of Saudi Organizations were surveyed to collect data. The study's findings demonstrated the importance of big data analytics, the Internet of Things, and digital skills for employees. On the other hand, (machine learning and autonomous driving) had no significant impact on cost reduction. https://oresta.org/menu-script/index.php/oresta/article/view/556Artificial Intelligence (AI)Big Data Analytics (BDA)ProcurementCost Reduction |
| spellingShingle | Omar Al-Sadhan Muhammad Awais Bhatti ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION Operational Research in Engineering Sciences: Theory and Applications Artificial Intelligence (AI) Big Data Analytics (BDA) Procurement Cost Reduction |
| title | ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION |
| title_full | ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION |
| title_fullStr | ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION |
| title_full_unstemmed | ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION |
| title_short | ARTIFICIAL INTELLIGENCE (AI) BASED CONTRACTS PROCUREMENT: EXAMINING THE INFLUENCE OF BIG DATA, MACHINE LEARNING, INTERNET OF THINGS, EMPLOYEE SKILLS & RESOURCES AND LEADERSHIP ON PROCUREMENT COST REDUCTION |
| title_sort | artificial intelligence ai based contracts procurement examining the influence of big data machine learning internet of things employee skills resources and leadership on procurement cost reduction |
| topic | Artificial Intelligence (AI) Big Data Analytics (BDA) Procurement Cost Reduction |
| url | https://oresta.org/menu-script/index.php/oresta/article/view/556 |
| work_keys_str_mv | AT omaralsadhan artificialintelligenceaibasedcontractsprocurementexaminingtheinfluenceofbigdatamachinelearninginternetofthingsemployeeskillsresourcesandleadershiponprocurementcostreduction AT muhammadawaisbhatti artificialintelligenceaibasedcontractsprocurementexaminingtheinfluenceofbigdatamachinelearninginternetofthingsemployeeskillsresourcesandleadershiponprocurementcostreduction |