Tag: Procurement

BusinessInnovation

Record-breaking ABSA ESD Expo Generates R24m in SMME Business Opportunities

The 14th annual ABSA Enterprise & Supplier Development Expo has reportedly generated over R24 million in business opportunities for South African small businesses. Sources indicate the event achieved record attendance with 6,451 engagements between SMMEs and corporate buyers during the two-day Johannesburg gathering.

Record-breaking ABSA ESD Expo boosts SMMEs with R24m in opportunities

The 14th annual Absa Enterprise & Supplier Development (ESD) Expo has reportedly generated over R24 million in business opportunities for South African small, medium and micro enterprises (SMMEs), according to event organizers. The event, held alongside the 19th annual Smart Procurement World Indaba in Johannesburg, achieved record attendance with 6,451 total engagements – the highest in the event’s 14-year history.

by Darren Holt
AI AnalyticsAssistive Technology

IBM CEO: AI Growth Slower Than Expected But Poised for Long-Term Revolution

IBM’s CEO suggests AI adoption is progressing slower than expected in the short term but will ultimately revolutionize productivity. The executive emphasized that successful AI implementation requires deep enterprise integration rather than treating the technology as “magic.”

IBM’s Enterprise AI Strategy and Revenue Growth

IBM has significantly scaled its artificial intelligence business, with generative AI now representing approximately 10% of revenue at over $7.5 billion, according to reports from the company’s recent earnings disclosure. Sources indicate the technology giant is focusing heavily on enterprise applications where AI can be integrated into existing business workflows and systems.

by Natalie Brooks