Artificial Intelligence (AI) is no longer a concept of the future. It’s here, and it’s transforming our world. The rapid rise of generative AI can be attributed to three key factors:
- Technological Progress: The advancements in AI architectures and the availability of data have enabled models to perform tasks that were once thought to be exclusive to human intelligence. These models are now capable of understanding and generating human-like text, making them an invaluable tool in various industries.
- Economic Effect: The success of platforms like the Internet and the cloud can be attributed to the fact that their marginal costs approach zero. This economic effect is now being seen in the field of AI, where the cost of training and deploying models is decreasing, making AI more accessible to businesses of all sizes.
- Social Acceptance: The advent of generative AI models like ChatGPT has brought AI into the consciousness of the general public. Millions of users now interact with these models daily, signaling a shift in the social acceptance of AI.
While AI is powerful, it is not all-powerful. It excels at offering solutions for certain types of problems but cannot find a solution to a previously unsolved problem. Moreover, AI cannot compete with the inexhaustible creativity and empathy of humans. Instead, AI creates space for professionals to focus on tasks where they are most needed.
We are at a crucial point in history where generative AI is set to significantly change business processes. Companies that embrace AI now will be better positioned to leverage its benefits in the future.
AI in ERPs like Dynamics 365 and SAP
Enterprise Resource Planning (ERP) systems like Dynamics 365 and SAP are integrating AI to streamline and optimize their operations. AI in ERP is being used for interactive chatbots, intelligent process automation, and AI-enhanced financial planning. These AI tools are influencing a company’s daily processes and operations. For example, Microsoft Dynamics 365 Copilot provides AI assistance directly in the flow of work using natural language technology, automating repetitive tasks, and unlocking creativity.
AI in Supply Chain Industries
Supply chain industries are leveraging AI to manage and optimize their activities with more efficiency than traditional software. AI is expected to be a potent instrument to help organizations tackle challenges in supply chain management. AI’s ability to analyze huge volumes of data, understand relationships, provide visibility into operations, and support better decision making makes AI a potential game changer. AI is being used to automate tasks such as monitoring product quality, balancing inventory levels, and identifying fuel-efficient delivery routes.
Contact us today to learn more about how Synovia Digital can help you navigate the exciting world of Supply Chain digitalization via AI and Microsoft Dynamics 365 or SAP! Let’s get your business to the top and beyond!