Artificial Intelligence – the Future Brain of Technology!
It is wisely said, “Life can only be understood backwards but lived forwards.”
It is 2020 and we’re on the cusp of an exciting and unexplored – technological revolution. Machine learning, the process of analysing and interpreting data and statistics is paving the way for content experiences that feel ‘humanly’ intuitive and make sense with our daily needs. We see a lot of this AI behaviour in the digital market already. For instance, when I have searched for hair vitalizer on Amazon, suddenly my feeds are drowning in it- but new developments will continue to streamline and refine this process.
To an entrepreneur, “automation” is equivalent to whispering sweet nothings in our ear. Fortunately, the miracle of automation has only just begun. In the near future we will see automation in
- Business operations -like understanding the exact online journey our customers have gone through before we actually speak to them.
- Tedious accounting processes will be easier.
- HR/payroll and other administrative programs will be executed without you having to even touch paperwork.
What if it is 2030, and your only aim is to see your company listed amongst the top notch. It’s a time when you need to make certain turning-point decisions that decides the future of your company. You are uncertain about some data and calculations but you know that AI has your back. You are assured that the system won’t fail you and help you take the perfect call on your behalf. Imagine the relief and stress-free life it would be then. Therefore one must be upgraded to be at par with the changing time and generation to fit in.
With AI, machine learning and automation representing the fast approaching next frontier, companies like ours, helps seamlessly integrate business processes and pioneering the path to digital utopia.
In the cut-throat competitive market, there is hardly any scope of monopoly. Adding value to your services and strong customer relations, provide advantage over competitions. Since the 1990’s ERP Software has emerged in the technology industry where today almost 90% of the mid-sized and big organisations have implemented ERP to automate their business processes. From the traditional on-premise ERP, Cloud based software took over completely as it was more cost-effective, practical and provided more freedom to the users. 2020, set in with an extremely promising future for the coming decade with Artificial Intelligence. The latest hum in the industry is that AI is about to shape the future of ERP. How true is that we are yet to fathom. At present it is at a very nascent stage to analyse
It is highly probable that AI will soon replace jobs involving repetitive or common problem solving tasks. AI systems will be making decisions instead of humans in industrial settings, customer service roles and within financial institutions. AI is the simulation of human intelligence or logical reasoning, in machines that are developed to think and behave like humans. The goals of AI include learning reasoning and perception. AI is constantly evolving for the benefit of many different industries. Algorithms are used to structure AI- simple or complex.
This technology is currently on probation. Myriad sectors and industries will be affected by the usage of AI. For example in the healthcare industry, AI is being used for dosing drugs and different treatments in patients and for surgical procedures in the operating room. Simply speaking, AI is building flexible computers that can take creative actions that maximise their chances of success to a specific goal.
According to Gartner, 80% of technology will be built on an AI foundation by 2021!
AI undoubtedly has the potential to bring in great changes to companies where the customer and operational data is primary to the business. Once business processes are streamlined and the data is ready, incorporating AI can lead to truly optimised efficiency levels.
The impact will be most prominent in process-heavy and data -intensive sectors that have the highest dependency on future predictions. AI can quite easily aid a company to streamline large volumes of data and turn a limitation into an opportunity. It can transform systems through creativity and agility.
Artificial Intelligence – the future of Intelligent Technologies
AI is transforming the way ERP functions. ERP is already one of the most indispensable innovations in technology. ERP integrated with AI will create magic. The addition of AI in ERP Systems makes them super powerful business management tools.
How will it benefit?
- Enhances the forecasting capacity- With AIR it becomes easier and quicker to identify problems or obstacles even before they occur. With it’s advanced algorithms it will be able to search and analyse the large data in the ERP system, identify the trends and predict the future consequences. This enables the users to foresee and prepares in advance if any problem occurs resulting in optimal efficiency.
- Follows a defined set of methodology – AI run ERP systems are programmed with a set of governing rules against each action. Intelligence applies these rules to make decisions that are more accurate and prompt than humans.
- Provides an extensively personalised user experience through interaction and function faster.
AI integrated with ERP systems have not fully arrived yet. Nevertheless Team Expand is all set to cater to your software needs to take your organisation to its highest level.
Satya Nadella, CEO Microsoft, rightly says, “If you don’t jump on the new, you don’t survive.”
We at Expand ERP strive each day to build our acumen in innovations in technology. As AI integrated ERP software is the need of the hour, Expand ERP is geared to make your organisation future-ready. Embrace Expand ERP software solutions for a time-tested, comprehensible, scalable, cost-effective and robust business automation software.