Tag: Sourcing Software

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Why AI Contract Negotiations Are So Challenging

Cute robot setting contract on fire

AI is revolutionizing industries, but its contracts can be a minefield. In this video, we’ll delve into the key challenges faced when negotiating AI software contracts.

Key topics covered:

  • AI Bias: Understanding the risks and how to address them in your contract.
  • Limitation of Liability: Protecting your business from potential damages and losses.
  • Indemnification: Ensuring proper compensation for breaches of contract or intellectual property infringement.

Learn how to navigate these complex issues and draft effective AI contracts that safeguard your interests.

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Why Software Procurement is Different

Software has become an integral part of modern businesses, yet its procurement presents unique challenges. In this video, we’ll explore the complexities of software procurement and why it differs from traditional procurement strategies.

  • Ubiquity of Software: Software is everywhere, used for various purposes and by diverse stakeholders. This makes it difficult to develop a unified procurement strategy.
  • Lack of Standardization: Unlike tangible goods, software often lacks standardization, making direct comparisons and apples-to-apples bidding difficult.
  • Security and Functional Needs: The importance of security and specific functional requirements in software can further complicate procurement processes.

Join me as I discuss strategies to overcome these challenges and effectively procure software for your organization.