Episode 138: Lessons Learned From Crisis - Stay Ready

We're back with Episode 2 of our "Lessons Learned from Crises" mini-series, in partnership with Tealbook. In last week's episode 'Bad Data,' we talked to Tealbook CEO Stephany Lapierre about the impact of poor supplier data, some of the biggest lessons learned from the COVID-19 crisis and exactly how Tealbook can help to revolutionize your data systems. Today in Episode 2, Stay Ready, I'm joined by Tealbook's VP of Strategy Matt Palackdharry to talk about the importance of good data, the value to be found in transparency and collaboration and why, despite only being founded in 2014, IDC recently ranked Tealbook as the #4 procurement platform tool currently in use today. IN THIS EPISODE WE DISCUSS: [01.05] Matt's background, and how his experiences led him to Tealbook. "The number 1 reason that these technology platforms were failing was never the software or the integrations themselves – it's actually the data going in that compromises everything downstream."      [04.03] Exactly what good data is, and why it's so important. [07.03] The challenges of data, and the potential for success when you get the data right. "The amount of data that's being created in the space is increasing tenfold year after year, and we're still trying to make sense of that data with the same amount of staff." [09.02] Tealbook's Autonomous Data Enrichment – what does it mean, and how does it help. [12.38] How Tealbook deliver accuracy and transparency in their supply chain data to ensure they are a trusted industry partner. [15.30] How transparency builds trust and community and facilitates successful industry collaboration. "We do not promise perfect data: what we promise is that we'll give you all of the data at your fingertips so you can make informed decisions and that our data, through our mechanisms, will get better over time."   [18.30] Why IDC recently ranked Tealbook as the #4 procurement platform tool currently in use today. [22.33] How COVID-19 highlighted some key industry flaws and the high-profile customers Tealbook were able to help steer through the crisis. [29.28] The key lessons Tealbook learned from the COVID-19 crisis. Head over to Tealbook's website now to find out more and discover how they could help you too. Check out our other podcasts HERE.