Start-ups have disrupted nearly every sector but so far little attention has been paid to those solving the unmet needs of businesses, particularly procurement. To better understand how a recent investment surge is driving innovation in this area, management consulting firm Oliver Wyman used Quid to identify 700 start-ups and chart the evolution of investment and industry development over the past decade.
With roughly 75 percent of all funding secured in the last six years, new firms are utilizing machine learning and blockchain technologies to streamline operations and solve key operational challenges across industries. Could this be the next frontier for the procurement industry?
Intelligence in your Inbox
Sign up for the Quid newsletter for a monthly look into how data and visualization are changing the way we view the world.