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To succeed, governments must embrace innovation, integrate cutting-edge tools like artificial intelligence (AI) and blockchain, and empower procurementteams to lead the way. Governments worldwide control vast budgets through procurement, giving them the power to: Drive innovation by demanding advanced solutions from vendors.
International commercial arbitration is restricted by public law forbidding the adoption of foreign seats for disputes of certain types, such as public-privatepartnerships. Procurementteams of large oil companies need to realise that service providers are not willing to absorb all the risks, Igor Oliveira explained.
However, the unique demands of AI and the changing nature of data collection and processing are forcing leaders to take a new and more nuanced approach to their infrastructure investments. Agencies must move beyond general-purpose processors and embrace specialized hardware solutions designed to handle AI’s unique demands.
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