Connected Procurement in our Wikipedia World

Wikipedia, you might have heard of it? On the 15th of January, 2001, the information revolution that is now one of the world’s most popular websites was launched. So on Wikipedia Day, what can the amazing rise of this information oracle teach us about modern procurement?

Understanding the rise of Wikipedia

What is Wikipedia? Well when you’ve got the world’s most referenced information source on hand, it’s probably best to use their own words to understand:

“Wikipedia is a free encyclopedia, written collaboratively by the people who use it. It is a special type of website designed to make collaboration easy, called a wiki.”

Wikipedia thrives from the idea of connected knowledge. That success can be framed by the sheer size of the resource today. At the end of 2001, Wikipedia was host to over 20,000 articles in 18 languages. Today, Wikipedia has roughly 43 million articles in over 229 languages.

English-language Wikipedia alone averages an additional 600 new articles per day, contributing to a site that ranks as the fifth most visited in the world. That success runs alongside the emerging power of shared connected resources. That’s an opportunity that an effective procurement function needs to understand.

The growth in connected opportunity

What Wikipedia offers is a hugely successful example of our increasingly connected world. Understanding the emerging internet landscape that powers and runs parallel to Wikipedia’s success can help us highlight this.

Over half of the global population today is online. It’s easy to dismiss that as billions of people surfing the web watching YouTube clips or updating their status on social media. What the success of Wikipedia shows is something far beyond that – the power of connectivity for collaboration.

Connected collaboration empowers procurement

When it comes to running a successful business, the power of collaboration and communication is hard to overemphasise. In our increasingly digital world, the connections that unlock those opportunities are more powerful than ever.

Software as a service (SAAS) is a market which reveals the cutting edge of digital business collaboration. This model takes the connected opportunity of the internet to present advanced software capabilities to global business, utilising the potential of the ‘Cloud’ – the shared and connected information resources of our modern online world.

In 2008 the Cloud SAAS market was worth US$5.56 billion. Today it’s worth an estimated US$105 billion, expected to rise to US$132.57 billion by 2020. This is technological collaboration to empower business in our Wikipedia age.

Unlocking collaboration through e-procurement

Procurehere’s cloud-based Version 7.0 is about unlocking the opportunity of digital collaboration for your procurement function. Connected technologies mean you can utilise our simplified e-procurement platform anytime, anywhere, creating a flexible opportunity that can be accessed as and when you need it.

But collaboration isn’t simply about accessing your own opportunities, it’s also about linking those opportunities with others. Procurehere provides a user-friendly platform for you to undertake your e-procurement events, providing a forum for collaboration that enables you to access a wide range of global partners and opportunities in an efficient and simple-to-use way.

Digital collaboration isn’t just about articles on an online encyclopedia. Collaboration for business means embracing connected technologies such as e-procurement to better work with your partners, stakeholders and suppliers to improve efficiencies and increase reliability.

It’s clear that on Wikipedia Day, a crucial lesson we can learn from Wikipedia is the unstoppable power of shared information. When it comes to procurement, e-procurement represents an equally powerful opportunity that embraces this strategic potential of digitally empowered collaboration.

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