Source: BusinessNewsWales

Developed by Butterfly Data in collaboration with Oxford Insights, the report introduces the Company Analysis Tool (CAT) – a Generative AI solution, utilising Large Language Models (LLM), designed to help procurement professionals detect red flags in awarded contracts.

André Petheram, Research Lead at Oxford Insights, has long believed that there is a huge opportunity to use AI to help procurement professionals monitor risky spending.

“Procurement oversight in the UK struggles to keep pace with the complexity and volume of government contracts, leaving room for inefficiencies and possible corruption. We saw an opportunity to leverage AI to help procurement teams cut through vast amounts of data and highlight potential red flags quickly and effectively. That’s why we worked with Butterfly Data to develop the CAT, carefully designed to meet the real-world needs of public sector decision-makers.”