IDC Innovators are emerging vendors with revenue <$100 million that have demonstrated either a groundbreaking business model or an innovative new technology — or both. This IDC Innovators study profiles Bonfire Interactive Ltd., Keelvar, and LevaData in the developing intelligent sourcing technology market segment.
"The digital economy is changing business resource allocation and business processes significantly. Organizations are turning to innovative technology to bring more autonomy into the sourcing workflow, enabling the procurement professional to increase productivity, achieve real-time visibility, and improve business outcomes. Sourcing vendors that want to keep pace must continue to bring artificial intelligence, cognitive, machine learning, deep learning, big data and analytics into their near-term product innovation road map." — Mickey North Rizza, program vice president, Enterprise Applications and Digital Commerce at IDC