The mind-blowing potential of AI, either in LLM form or embedded in a SaaS solution, is so impressive that it would be easy to overlook the risks. Some of these risks come in the form of data security, but others linger in signed contracts that contain very real (but seemingly harmless) terms that change in importance as the technology evolves.
In this episode of The Sourcing Hero podcast, Host Kelly Barner welcomes Wendy Storino. Wendy is a seasoned procurement leader with nearly two decades of experience in technology sourcing and supplier strategy. She has taken it upon herself to better understand the contract terms that procurement needs to understand to manage risk and cost in the age of AI.
Highlights
Wendy discusses some of the things procurement needs to know about AI-related contracts:
- The challenges resulting from the rapid rate of AI/tech development
- Whether the addition (or the embedding) of AI changes the associated liability
- Why procurement (not to mention legal and IT) have a greater opportunity to learn across their contracts rather than focusing on one at a time
