HOW ARTIFICIAL INTELLIGENCE CAN IMPROVE YOUR ERP

PostedOn: 2018-01-20 11:14:38

ERP software is a vital tool for businesses across multiple industries. Its use has helped streamline processes throughout entire organization from HR to sales to quality control to shipping.

One of the more obvious benefits of ERP software is that allows departments to share and reduplicate data to ensure everyone is on the same page. But such a robust system can have its pitfalls. This is where Artificial Intelligence (AI) or machine learning can prove to be an extremely useful addition.

Integrating ERP with AI helps to extend the capabilities of the software and optimize day-to-day tasks by creating more efficient workflows across your entire business.

BIG DATA IMPROVED DECISION MAKING

Big data, a term used to refer to extremely large data sets, is a pretty big deal especially in terms of ERP and AI integration.

Why? Big data provides a wealth of information AI can use to learn patterns of behavior and predict trends in operation. This means you can improve the decision-making process of your business and spend less time on reoccurring issues.

A perfect example of this is equipment management. Using the trends identified through analysis of historical data, AI can create a maintenance schedule to address equipment issues before they arise. The result fewer opportunities for downtime due to equipment failure.

INCREASED PRODUCTIVITY, FEWER ERRORS

Data input can be a time consuming and expensive process, which can result in duplicate and even, inaccurate data. Unfortunately, this is an unavoidable reality of manual data entry.

When AI is integrated into ERP, data entry becomes a breeze. It can learn from the historical information to create workflows that quickly populate data across multiple fields reducing input time as well as the risk of errors.

This also means that employees can spend less time carrying out repetitive interactions with the ERP and focus on other tasks. All this translates to cost savings for your business.

IMPROVED WORKFLOWS AND PROCESSES

Want to streamline your workflows and discover the most efficient way to complete common tasks? Artificial intelligence is the perfect solution.

AI can analyze your ERP software’s historical data to identify any pitfalls of your current processes. As it learns from task-related data, it will find the best, most efficient methods to complete tasks and begin to build task outlines.

Once AI determines the most effective workflow, it can then provide step by step instructions to employees as they complete each task in the process. This will ensure tasks are completed in full, without skipping any steps, as well as ensure that time is used efficiently.

ERP software has become an asset to many business models. Unfortunately, most businesses have only scratched the surface of its true value.

It’s time to un-tap the hidden potential of your ERP software with the integration of artificial intelligence. Although still in the emerging stages, the combination of ERP and AI creates a powerful solution that enables you to make more informed decisions, increase productivity, and improve business processes. And as AI continues to evolve, more benefits are sure to be revealed.