{"id":28378,"date":"2019-08-20T09:29:48","date_gmt":"2019-08-20T08:29:48","guid":{"rendered":"https:\/\/www.intelligentcio.com\/africa\/2019\/08\/20\/unlocking-business-potential-with-ai-integrated-erp-software\/"},"modified":"2023-10-02T10:20:44","modified_gmt":"2023-10-02T09:20:44","slug":"unlocking-business-potential-with-ai-integrated-erp-software","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/africa\/2019\/08\/20\/unlocking-business-potential-with-ai-integrated-erp-software\/","title":{"rendered":"Unlocking business potential with AI-integrated ERP software"},"content":{"rendered":"\n

With Artificial Intelligence (AI) integration improving the forecasting capabilities of ERP software, AI-run ERP systems can unlock the hidden potential of your business data. Ali Hyder, Group CEO of Focus Softnet, explains how AI is shaping the future of ERP software and how this can lead to greater business efficiency.  <\/em><\/strong><\/p>\n\n\n\n

Is AI Shaping the Future of ERP Software? Undoubtedly, yes! In\nthe foreseeable future, AI will have a profound impact on almost every piece of\nsoftware available in the market, including Enterprise Resource Planning (ERP)\nsystems, in some form or fashion. AI in ERP is going to affect the very essence\nof the system-controlled business operations.<\/p>\n\n\n\n

While AI technology is still in relative infancy, the new Machine\nLearning is making serious waves in the software market and making inroads into\nbusiness management applications, endowing them with the power of superior governance\nstructure.<\/p>\n\n\n\n

According\nto Gartner, by 2020, 30% of all companies will employ AI to augment at least\none of their primary sales processes. <\/strong><\/p>\n\n\n\n

Impact\nof AI on industries<\/strong><\/strong><\/p>\n\n\n\n

AI has the potential to bring change on a wide scale to companies, where the customer and operational data is primary to the business. Naturally, it\u2019s unfair to single out any one industry vertical.<\/p>\n\n\n\n

While that being said,\nand every industry has its share in the benefits, the impact of the new\ntechnology is most prominent in process-heavy and data-intensive sectors that\nhave the highest dependency on future predictions done on the basis of historic\ninformation.<\/p>\n\n\n\n

AI can help the companies organise a large volume of data and turn a limitation into an opportunity.  <\/a>AI has tremendous opportunities to augment human capabilities across industries. The technology is transforming systems through creativity and agility.<\/p>\n\n\n\n

AI\nin manufacturing<\/strong><\/strong><\/p>\n\n\n\n

The manufacturing industry is already using Augmented Reality\nand predictive analysis tools. With the introduction of AI and Machine Learning,\nthese companies can take a leap into a digital future to achieve improved\nprocess optimisation. <\/p>\n\n\n\n

AI\ntechnology augments manufacturing efficiency to ensure faster production in\nless time. Right from planned preventative maintenance to every other\noperation performed in any manufacturing plant, AI would revolutionise them and\nmake them more efficient and less prone to errors. <\/p>\n\n\n\n

AI in retail<\/strong><\/strong><\/p>\n\n\n\n

AI will bring change in the way retail businesses function\ntoday. It would enable retailers to use augmented and virtual reality\nfunctionalities in advertising. Introduce immersive product catalogue visualisation\nto dramatically improve shoppers\u2019 experience with the products even before they\nbuy. <\/p>\n\n\n\n

In the near future, chatbots in retail will have improved conversation capabilities. They will be able to capture the emotions and mood of the customers, the basis of which provide emotional responses. In short, AI will empower you to offer immaculately personalised responses to your customers\u2019 queries and significantly improve customer loyalty.  <\/strong><\/p>\n\n\n\n

What would an AI-enabled ERP System be like?<\/strong><\/strong><\/p>\n\n\n\n

AI is bound to transform the future of ERP solutions. The new\nMachine Learning technology that appears to emulate human actions would influence\nbusinesses, regardless of size or industry.<\/p>\n\n\n\n

AI as a part of your ERP system will affect the very essence\nof daily operations. The smart technology recognises the users\u2019 behaviour\npattern and automatically performs the routine tasks they do in the blink of an\neye while maintaining an unprecedented level of accuracy. <\/p>\n\n\n\n

In order to experience this advancement, you need to revise\nthe current technology strategies of your business and be prepared to embrace\nthe change and adapt to the developments. <\/strong><\/p>\n\n\n\n

AI is transforming the way ERP functions<\/strong><\/strong><\/p>\n\n\n\n

Inclusion of AI in ERP systems make them more powerful business management tools. Here are the three primary benefits of the new technology: <\/p>\n\n\n\n

Identify the problems even before they\noccur <\/strong><\/strong><\/p>\n\n\n\n

AI integration improves forecasting capabilities of ERP software. It includes advanced algorithms that can search through and analyse the massive data sets collected in the ERP system, identify the trends and make predictions about the upcoming periods.<\/p>\n\n\n\n

This way, an AI-based system is able to pinpoint or detect the possible problems, enabling users to prepare in advance and even prevent them.  <\/a><\/p>\n\n\n\n

AI-run ERP systems enable you to unlock the\nhidden potential of your business data and use it to manage functionalities\nwith optimal efficiency. <\/p>\n\n\n\n

Automates routine tasks with system intelligence<\/strong><\/p>\n\n\n\n

You need to follow a defined methodology while\nperforming any given task within your ERP system. AI tools can function in a similar\nfashion. <\/p>\n\n\n\n

For this, an AI system needs to be programmed with\na set of governing rules against each action. The technology is intelligent\nenough to apply these assigned rules to make decisions that are accurate and at\nthe same time much faster compared to any human.<\/p>\n\n\n\n

Consequently, AI-enabled ERP systems automate\nroutine responsibilities and makes them as effortless as possible; freeing up your\nemployees\u2019 valuable time to focus on tasks that would add to the profitability\nof your business. <\/p>\n\n\n\n

Improves user experience through interaction<\/strong><\/p>\n\n\n\n

One of the main functions of AI technology is\nto provide intelligent outputs based on human inputs.<\/p>\n\n\n\n

AI systems can read historic data and learn\nfrom earlier behavioural patterns of the users. This makes AI-enabled ERP applications\nprovide an extensively personalised experience to the user as well as function\nfaster and in a more useful way.<\/p>\n\n\n\n

Although AI has not fully arrived. It is going\nto be a part of the ERP systems in no time! So, you must be ready for this\nadaptation if you want your business to sustain and remain competitive in the\nyears to come. <\/p>\n","protected":false},"excerpt":{"rendered":"

With Artificial Intelligence (AI) integration improving the forecasting capabilities of ERP software, AI-run ERP systems can unlock the hidden potential of your business data. Ali Hyder, Group CEO of Focus Softnet, explains how AI is shaping the future of ERP software and how this can lead to greater business efficiency.   Is AI Shaping the […]<\/p>\n","protected":false},"author":18,"featured_media":61727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[183,10675],"tags":[496,7093,517,1663,10545],"class_list":["post-28378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","category-thought-leadership","tag-ai","tag-ali-hyder","tag-erp","tag-focus-softnet","tag-software"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=28378"}],"version-history":[{"count":4,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28378\/revisions"}],"predecessor-version":[{"id":28429,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/28378\/revisions\/28429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/61727"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=28378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=28378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=28378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}