Factor 3: Artifical Intelligence

If you still think that artificial intelligence (AI) is pure science fiction, you may need to readdress your judgment. AI is one of the key technologies revolutionizing manufacturing and resulting in potentially huge growth.

What are your business objectives for the next 12 months? You may want to cut costs while increasing production, to become more service-focused, for your supply chain to become digitalized or your operation to become more customercentric. Whatever they may be, AI will be the driving force that helps you achieve these goals. insights, take more informed actions and better communicate with customers, suppliers and each other.

While organizations may be capturing evergrowing volumes of data, its true value will only be unlocked when translated into insight. AI offers the capability to do this. It has the power to increase production capacity and lower consumption rates by providing a more intelligent use of resources.

Going beyond simply predicting customer demand, AI helps you predict how customers will react based on multiple data inputs and unify internal and external parties to enable effective collaboration.

By leveraging the power of AI, modern ERP empowers employees to discover predictive

What’s most exciting is that artificial intelligence is exactly that, an intelligence, a technology capable of learning.

AI has already evolved from simply identifying patterns to drawing conclusions from data and recommending the optimum course of action to take. It’s helping us to not only identify and understand the root cause of a problem, but also learn from the past, anticipate problems or identify opportunities before they occur and shift behavior from being reactive to predictive and preventative.