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Hermix at WAICF: Transforming public procurement with AI

Posted on 18/02/2025 by Ana-Maria Puiu

World AI Cannes Festival 13-15 February 2025

Smiles and excitement as we took the stage for the first time at the WAICF – World AI Cannes Festival. This amazing event brings together AI experts and industry leaders to explore how AI is shaping our future.

We disrupt public procurement

We are Hermix: a technology platform that helps companies win public contracts. We analyze huge amounts of data to generate leads, qualify tenders, automate bids, and generate proposals.

We use Machine Learning to clean up data, and GPT models to analyze specifications and support bids.

We support the sales teams for companies like Capgemini, IBM, Fujitsu, Indra, OTE, KPMG, Apple, GE, Cancom, Wipro, Aricoma, Euroforce, and Technopolis.

We stand at the intersection of great opportunities. Not risks, not challenges, but immense potential. This is the convergence of vast computing power, advanced algorithms, and cutting-edge technology, particularly in big data science and artificial intelligence. These innovations meet a sector that remains inefficient, formal, heavy, and bureaucratic – yet accounts for 14% of GDP. 2 trillion per year.

This is not just a challenge. It is an extraordinary opportunity. The impact is overall, affecting quality, efficiency, and cost.

It is also a great opportunity for us at Hermix. What we are building is both new and unique, offering a significant chance to disrupt public sector procurement and sales.

Impact for public authorities and policy

The impact for public authorities and policy includes: efficiency, transparency, competition, and delivery quality. This impact is similar to the introduction of CRMs or eCommerce.

However, there are challenges faced by authorities, suppliers, and non-governmental organizations like:

  • Availability of data, which is high.
  • Quality of data, which is low.
  • Meaning of data: Hermix is unique, with our 9 million contracts analyzed.

We collaborate with the University of Luxembourg, KU Leuven, and Eureka, along with experts like Joep Crompvoets and Michel Bosco. The discussions from WAICF highlight the opportunity to further advance policy and governance in this area.

We will organize a live webinar with these exceptional experts on March 6, where we will discuss Data Governance and AI in the Public Sector & Procurement. Register now.

A great new era in public procurement

Hermix transforms public procurement, with tender monitoring and market intelligence based on AI. Together with our clients and partners, we will streamline and change the future of public sector procurement and policy.

This article is based on the speech and discussions of Stefan Morcov, CEO at Hermix, at the WAICF conference in Cannes on February 13, 2025. Stefan along with Michel Bosco, Christophe Seynaeve, Emma O’Connell, Régine Resbeut Montanella, Emma Taillefer, and Julien Perez have done presentations on the AI and Public Procurement panel.