Gen AI is rapidly progressing towards mainstream acceptance, according to Gartner's Hype Cycle.

In 2024, Generative AI is poised to become a leading topic in supply chain management, particularly in procurement, where interest and implementation are rapidly increasing. Gartner's 2024 Hype Cycle predicts that Generative AI will reach the "Plateau of Productivity" within two years due to swift adoption and diverse applications. Kaitlynn Sommers from Gartner notes that 73% of procurement leaders expect to adopt the technology by the end of 2024, indicating that its integration into workflows, like contract management, is accelerating faster than other emerging technologies in the field.