Cloud ERP Solutions and AI
The use of cloud ERP solutions and AI are becoming increasingly popular in the tech and business world. Many businesses use these two mechanisms to not only expand their reach, but to transform their business in a way that gives them a competitive edge and valuable insights to accelerate their sales pipeline.
If you have been following along with our blogs, you know that many companies are successful with adopting cloud-based ERP solutions. However, companies are beginning to digitally transform their business and adopt more than just a cloud ERP solution. AI plays a huge role in the success of a business. Using a cloud ERP solution with it, your business will be able to expand its reach and gain an edge on its competitors with real time data.
What is AI and how do businesses optimize its use?
AI is all around us, it is implemented in our social media accounts, in our online shopping and in our music and movie or show streaming services. Artificial Intelligence is there to create a more personal experience, to share information with its users that best matches their habits and personality. It works much faster than human efforts, it provides detailed insights that boost conversion rates, optimize customer service needs, and create personal experiences.
So what exactly is Artificial Intelligence?
Artificial Intelligence refers to computer systems or software’s that cover a wide range of automated tasks that are usually performed manually by humans. This allows businesses to free up human capital to perform other tasks while their AI software runs automated tasks that provide real time data to optimize their businesses processes.
Why and how do businesses optimize Artificial Intelligence?
AI works much faster than humans, providing real time updates that help businesses move forward with processes more quickly than when done manually by humans. This seems to be a key reason why businesses want to adopt AI practices. However, AI systems have more benefits than just saving valuable time. Businesses use AI to transform their business processes, not only giving them a competitive edge on there process and reach but giving them important insights needed to be successful.
- Improving customer service practices: Companies use AI systems to provide real-time support to clients and visitors to their website. Examples of this are chatbots and virtual assistants. Companies also create a customized and personal experience for their customers through the use of AI. Companies can track user patterns and habits and then apply it to their customer and client profiles to meet their specific needs. This is where you would find recommended clothes, music and movies. Tracking customer insights gives businesses important findings that can lead to retaining more customers.
- Improving marketing and advertising tasks: Companies are able to effectively track insights gained from their marketing tasks such as campaigns and email efforts. Since AI has the ability to automate tasks, many companies automate their marketing efforts through automated responses, campaigns and emails. Companies are able to take the insights gained from their efforts and use it to automate and personalize specific messages for their leads and current clients.
- Better decision making: AI offers real time data allowing businesses to make quick and insightful decisions. This is done for all areas of the business from finance to marketing.
AI improves workloads and allows you to manage and analyze predictive data that optimizes your businesses processes. Marketing and advertising processes are more streamlined through analytical tools and customer service tasks are automated and more efficient. The real time data received allows companies to make decisions much quicker and more efficiently. This is why businesses use AI to optimize there business practices and the proof is in the pudding. Companies are seeing increases in lead generation, retention and marketing efforts through the use of AI tools.
- One AI Capacity
- Several AI Capacities
- Testing AI capacities
How Do Cloud ERP Solutions Come Into Play?
AI plays a huge role in cloud ERP solutions. Many Cloud ERP companies are adopting AI, providing their users with real time data to help with finance, customer service and marketing capabilities. There is a lot of potential for AI to grow and expand within the world of cloud ERP solutions. ERP companies can gain more information on their clients operational processes and data so that they can provide a better system or script to uncover important data needed to manage businesses more efficiently. AI Cloud ERP solutions offer businesses with analytics tailored to their needs so they can learn more about their customers behaviour and use that to target and generate leads more efficiently. This also helps when needing to find solutions to specific problems clients are facing.
Transforming Your Business
Adopting an AI system with a cloud-based ERP solution guarantees your business to run more efficiently. 30% of businesses are testing AI capabilities because there is a strong shift to automate mundane processes to free up human capital for more important tasks. 47% of businesses have at least one AI capability showing this important shift. Looking towards cloud ERP systems, 51% of businesses operate with a cloud ERP system while 35% work off of a traditional system. There is a shift in business towards cloud based and AI machines where companies can automate processes, receive real time data and optimize their marketing and finance tasks. Adopting these systems will transform your business; your processes will be streamlined, resources will be used effectively and important insights will be gained. All of this will help transform your business to be more efficient and successful in your specific industry. So why not adopt AI and cloud-based ERP solutions?