Is It Time For ProcureTech To Start Its Own “Dynasty” Reality League?

Posted on October 24, 2024

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A dynasty fantasy football league is a type of fantasy football format where team owners keep the majority or all of their players from year to year, rather than starting fresh with a new draft each season (as in traditional “redraft” leagues). The focus in a dynasty league is on building a long-term team, similar to how real NFL teams manage their rosters over multiple seasons. – Source (ChatGPT)

Have you ever noticed how unwieldy most ProcureTech solution maps are becoming? They are congested with so many logos in so many categories that they are an indiscernible mess.

“It is also worth noting that 75% of current solution providers will be gone by the end of 2025 due to the pending AI Bubble Burst through absorption, acquisition, or folding. As a side note, not all will be new companies—some will be long-established providers who bet heavily and lost on the GenAI craze.” – Source (Procurement Insights)

In 2025, practitioners must shift their focus to the expertise of the people behind the technology and to which of the two categories—AI operating systems or ProcureTech front-end solutions—their offering falls.

A “No Fantasy” Draft Time

In late 2023, I decided to drop 90% of my client base and focus on choosing the top 5 or 6 solution providers with whom I could work to address the generational 80% initiative failure rate. I was originally hoping for 10, but that is another story I may share at a later date.

Disclosure: I do not own any shares in these Suite 6 solution providers or receive commissions from them. However, I will move mountains to ensure their success and the SUCCESS of the clients they seek to serve!

Like the fantasy football league described in the opening paragraph, it is time for analysts, consultancies, and research firms like Gartner to stop trying to boil the ocean and pick between 6 and 10 solution providers, e.g., players, to represent, develop, and stand behind. Let’s face it: Gartner, KPMG, and many analysts don’t have a vested interest in the outcomes of their recommendations. In other words, if you read an analyst report or a large consultancy like a Deloitte recommends a provider and the initiative fails, what do they lose?

In the context of the above, when I add the final two solution providers (players) to my team, I will confidently put them up against any other team suite in the marketplace.

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Posted in: Commentary