Why Bid Intelligence is so powerful?
Elcom’s AI agent is trained using a unique and diverse procurement database built over 10 years and millions of transactions. This is the combined knowledge of thousands of buyers, suppliers, and our own procurement experts and thus enables market testing on thousands of items at the click of a button! Once the data is uploaded, our AI agent investigates the market in real-time. Up-to-date pricing on thousands of items is then delivered directly from the suppliers. Extensive research and development have been invested into the algorithms that underpin our AI agent. Our smart agent has also been developed to automatically monitor, learn, and improve its accuracy over time. The more data it sees, the more intelligent it becomes.