Introduction
Introduction
It is necessary to contend that Artificial Intelligence is by far the most impactful field when it comes to the way we do business. The promises and possibilities of automation are something that have attracted every small and large-scale organization to give this a thought. Not only that, but according to the study by PwC, over 54% of executives have said that adaptation directly related to the increase in efficiency in their business operations. The Enterprise Resource Planning (ERP) system is one of the systems included in these more efficient business operations.
Enterprise Resource Planning System
ERP can be simply defined by its name. It involves every resource required to run a company or business. From financials to inventory and services, every core process can be maintained well with the use of an ERP system. There are many benefits to having an ERP system. Increased productivity, gaining insights, lowering the risk, and accelerating reporting.
But when it comes to ERP systems, companies are not only looking for speeding up the processes involved but according to Forbes.com, 63% of businesses need to adapt AI to keep the business running efficiently, with a limited budget. Because having a good ERP system running is an expensive task. The inventory of people required is huge. Here is when Artificial Intelligence comes to play.
The Shift
Here is how Artificial Intelligence can transform the way we use and maintain an ERP system: