2019 – Dr. Elousie Epstein, A.T. Kearney
2023 Dr. Elouise Epstein, Partner at Kearney
2019 Versus 2023 (Dr. Elouise Epsein)
So, what happened between 2019 and 2023?
- How many of these are new start-ups?
- How many have been around for more than a decade?
- How many have been around for many decades?
- How many from the 2019 map made it to the 2023 map?
- What does this tell you about the service provider marketplace today?
- How is the 2023 “expanded map” a benefit to practitioners?
- How is the 2023 “expanded map” a benefit to solution providers?
For example, SupplyHive.
- Founded in 2018, the company made the 2019 solution map.
- In 2024, SupplyHive is listed as having $1M – $2.5M in annual revenue
Conversely, here is what happened to ScoutRFP (Who was the Co-Winner with Freightos of the Procurement Insights New Wave Company for the 2014 program)
- Workday purchased ScoutRFP in 2019 for $540 million
- In 2024, Workday Strategic Sourcing is listed as having $1B+ in annual revenue
Neither of the original companies appears to be on the 2023 map, albeit for different reasons.
In the meantime, companies like Mintec (founded in 1981 with annual revenues of $20M – $50M) and Achilles Information Limited (founded in 1985 with annual revenues of $500M – $1B) haven’t made the 2019 or 2023 solution maps. I would also be remiss if I didn’t mention LavenirAI, which is the brainchild of Bill Michels and Clive R. Heal.
Other Solution Provider Maps
There are, of course, other solution maps. Personally, I like Spend Matters‘ “50 To Watch” format, and I think James Meads is working on something worth checking out.
That said, in my October 18th, 2023 post titled “The Three Big Questions Service Providers Are Starting To Ask?” I closed with the following – with which I will again close today’s post:
Technology has come a long way since the early days of proprietary systems and the need to constantly “debug” lines of code. I remember those days well.
Today, SaaS solutions and composable Apps such as AppXtend mean that any provider’s tech, while different, is functionally sound.
The real differentiator is the logic, e.g., industry experience and expertise behind the tech (agent-based) versus features, functions, and benefits analysis (equation-based).
As a side note, it would be cool if we replaced company logos with the profile pictures of the company leaders instead.
NOTE: The above comments for a Joel Collins-Demers post titled “ProcureTech March Madness” are fun but have an interesting underlying message per Thierry Jaffry’s comment.
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Procurement Insights
Mapping Your AI Success (2019 Versus 2023/24)
Posted on March 29, 2024
0
2019 – Dr. Elousie Epstein, A.T. Kearney
2023 Dr. Elouise Epstein, Partner at Kearney
2019 Versus 2023 (Dr. Elouise Epsein)
So, what happened between 2019 and 2023?
For example, SupplyHive.
Conversely, here is what happened to ScoutRFP (Who was the Co-Winner with Freightos of the Procurement Insights New Wave Company for the 2014 program)
Neither of the original companies appears to be on the 2023 map, albeit for different reasons.
In the meantime, companies like Mintec (founded in 1981 with annual revenues of $20M – $50M) and Achilles Information Limited (founded in 1985 with annual revenues of $500M – $1B) haven’t made the 2019 or 2023 solution maps. I would also be remiss if I didn’t mention LavenirAI, which is the brainchild of Bill Michels and Clive R. Heal.
Other Solution Provider Maps
There are, of course, other solution maps. Personally, I like Spend Matters‘ “50 To Watch” format, and I think James Meads is working on something worth checking out.
That said, in my October 18th, 2023 post titled “The Three Big Questions Service Providers Are Starting To Ask?” I closed with the following – with which I will again close today’s post:
Technology has come a long way since the early days of proprietary systems and the need to constantly “debug” lines of code. I remember those days well.
Today, SaaS solutions and composable Apps such as AppXtend mean that any provider’s tech, while different, is functionally sound.
The real differentiator is the logic, e.g., industry experience and expertise behind the tech (agent-based) versus features, functions, and benefits analysis (equation-based).
As a side note, it would be cool if we replaced company logos with the profile pictures of the company leaders instead.
NOTE: The above comments for a Joel Collins-Demers post titled “ProcureTech March Madness” are fun but have an interesting underlying message per Thierry Jaffry’s comment.
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