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The context graph movement assumes enterprise knowledge is missing. In back office domains, it's structured, codified, and distributed across systems that don't interoperate. You don't need a graph to capture decisions. You need an engine to drive them.

Roelof Botha and Jack Dorsey argue that AI eliminates the layers organizations built to route information. The same principle applies to enterprise operations – where distributing work across teams and geographies stripped away the context that made processes work in the first place.

Entry multiples are at record highs and operational improvement is now the primary driver of PE returns. Here's why procurement automation keeps stalling in portfolio companies, and how Fragment's Autonomous Context Engine (ACE) solves the three structural problems behind it.

Three waves of procurement software. Same exception queues. Here's why the problem is structural, and what it actually takes to solve it.