The document discusses how procurement will be a key player in the digital enterprise due to advances in Internet of Things (IoT) and big data technologies. It notes that IoT consists of machine-to-machine, machine-to-person, and person-to-person connections, and that these lines will blur as technology becomes more adaptive. The rise of IoT and big data will result in a fundamental change in procurement processes and role, with procurement leading digital transformation efforts and managing the big data economy. The Chief Procurement Officer will take on the role of "conductor" in the IoT, coordinating closely across the value chain for improved efficiency.