Towards a Knowledge Graph Based Platform for Public Procurement

Abstract

Procurement affects virtually all sectors and organizations particularly in times of slow economic recovery and enhanced transparency. Public spending alone will soon exceed EUR 2 trillion per annum in the EU. Therefore, there is a pressing need for better insight into, and management of government spending. In the absence of data and tools to analyse and oversee this complex process, too little consideration is given to the development of vibrant, competitive economies when buying decisions are made. To this end, in this short paper, we report our ongoing work for enabling procurement data value chains through a knowledge graph based platform with data management, analytics, and interaction.