Boosting ERP Efficiency: Unleashing the Power of AI SmartTools for Business Benefits
In the fast-paced world of enterprise resource planning (ERP), businesses are constantly seeking innovative ways to streamline their operations and enhance efficiency. In today’s world, innovation is only a few clicks away. This article you will show you how you can utilize the power of AI tools to revolutionize your company in three simple steps. […]
How AI can change the economy
There is probably no question that AI will have a very significant impact on business and society. According to a survey of around 600 companies in Germany conducted by the ITC association Bitkom, this is set to happen faster than expected: 15 percent of respondents already see an impact; 79 percent expect an impact in […]
How AI affects resource planning in companies
ERP solutions are central applications in the company that link all crucial business processes in a unified IT system. This enables the planning of resource utilization such as personnel, financial resources, inventory, plant utilization, etc., and the management of processes such as the processing of offers, orders, purchases, invoices, and production. Furthermore, additional functions can […]
What is holding back AI development
Artificial intelligence is considered a key technology of the 21st century with enormous potential for productivity growth and economic growth. The German government has recognized the importance of AI, presented an AI strategy for Germany in 2018 and updated it in 2020 with the aim of “strengthening Germany as a location for research, development and […]
Intelligent Document Processing: The communications challenges and how companies can solve them
For new implemented technologies in companies, the prerequisites must first be created. On the one hand, these are technical prerequisites; on the other hand, it is a matter of preparing the people in the company and, if necessary, other potentially affected parties in the environment for the use of the new solution and upcoming changes. This […]
What is Intelligent Document Processing, and what is it capable of?
The volume of data generated worldwide is growing rapidly, with a Statista chart predicting a volume of 181 zettabytes by 2025. What doesn’t make companies happy is the fact that, according to IDC, 80 percent of this data is expected to be so-called unstructured data in 2025, i.e. text or image files, PowerPoint presentations, e-mail […]
Towards the democratization of AI
In the beginning, the development and use of AI was essentially a matter for large companies. With the data, the data specialists, the computing power and the financial resources, they had a kind of monopoly position that allowed them to create AI models and bring solutions to application maturity. Now the spark is starting to […]