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In recent years, Artificial Intelligence (AI) has considerably developed, becoming more and more popular. In particular, it now affects all sectors, having a significant impact on human lives and working methods. Similarly, it affects business technology in multiple ways. With the world being rapidly “digitized”, digital transformation technologies are emerging at full speed.
Based on the “Artificial Intelligence Market by Technology” survey conducted by Markets and Markets, the ΑΙ market is expected to be worth 16.06 billion dollars by 2022, growing at a CAGR of 62.9% from 2016 to 2022.
It is thus evident that AI tools will develop even further, going beyond the simple domestic use of smartphones and changing the ERP industry as we know it. AI’s unique capabilities have now made it possible to improve system operating models, transforming the procedures for businesses and organizations worldwide.
A number of technology specialists firmly insist that artificial intelligence is revolutionizing ERP, changing the way businesses operate. Combined with the data mining capabilities of advanced self-learning AI systems, the automation of ERP solutions will add even more value to businesses.
The AI-enabled ERP systems will impact the core of your day-to-day business operations, reducing operating costs, simplifying routine tasks and eliminating human errors. Al tools can also be customized, so that they are “trained” to perform all processes required and consequently enhance the effectiveness of the entire business. Advanced ERP technology will help businesses uncover a massive amount of structured data. AI tools become smarter by the day, learning new patterns that enable them to convert the overwhelming available data into insights even faster.
In addition, AI technology will improve people’s skills, increasing overall efficiency as the focus moves towards analytical, logical and creative processes, minimizing monotony at work and the low productivity that comes with it.