AI-Enabled ERP– A Much Needed Disruption?
Disruption is necessary to bring people out of their comfort zone and to strive for innovation and strategic excellence. Information Technology is meant to accommodate such disruptions in order to keep re-innovating itself. Integration of Artificial Intelligence (AI) and Enterprise Resource Planning (ERP) is a new trend lining up numerous exciting prospects for enterprises that are willing to jump on the bandwagon.
With enterprises deriving more mileage out of ERP solutions, a considerable amount of structured data has stacked up. They are running out of ideas to extract valuable information from such data to come up with high-yielding decisions. Also, an exponential growth of the unstructured data has made things blurry for enterprises as far as their approach is concern ed.
The novel integration of AI and ERP will foster a shift in the way humans interact with software as their inputs will be channelized differently. Both the structured as well as the unstructured data will be driven by Knowledge Systems on behalf of employees. This way the human resource will get rid of those run-of-the-mill tasks and will involve in activities requiring analytical skills. Such a shift will align perfectly with an enterprise’s goal to reduce its operational costs.
With such integrated systems in place, the data analysis will also cover the historical data. A thorough analysis of such data will funnel prudent outputs, thus refining the decision making capacity of an enterprise. Moreover, the data collection will become extensive and the unnecessary human interruption which makes the process tedious and error-ridden will be eliminated.
AI will have an immense relevance in the equipment management. It will make the process more seamless by analysing the past trajectory of an equipment’s performance to predict its future trajectory. This will let enterprises foresee their potential expenses. Once integrated with ERP, AI will apply the garnered knowledge on the data-input sources to come up with precise workflows. It will systematically disperse data from a single source to numerous integrated applications, thus making the whole process time-efficient.
AI will break the occasional impasse by helping an enterprise take key decisions based on the accumulated data, thus deriving more substance out of the ERP Solutions. This will optimize both the operating model of an enterprise and the decision making ability of its employees. Both ERP and AI are driven genetically to transform any business, and in the coming time, professionals will fall short of reasons to not incorporate them in tandem.