ENVISIONING THE FUTURE: THE ROLE OF ARTIFICIAL INTELLIGENCE IN NEXT GENERATION ERP SYSTEM
DOI:
https://doi.org/10.35794/jmbi.v12i1.61479Abstract
The business landscape has undergone significant transformation in recent years, driven by rapid advancements in technology and access to vast amounts of data. Today, effective leadership relies more than ever on data-driven decision-making, enabling leaders to make informed choices that align with market trends and consumer behavior. As organizations adapt to this new paradigm has become a crucial skill for leaders seeking to navigate the complexities of modern business. Without an integrated system, business processes can become fragmented, leading to inefficiencies, errors, and misguided decision-making. To address these challenges, Enterprise Resource Planning (ERP) systems have emerged as an essential solution. ERP integrates various business functions, such as financial management, production, procurement, and human resources, into a unified platform. Consequently, companies can monitor and manage their activities more efficiently, enhance data visibility, and expedite informed decision-making based on accurate information. The implementation of ERP not only aids in the standardization of processes but also enables organizations to better plan their business strategies. In this context, the integration of Artificial Intelligence (AI) within ERP systems significantly strengthens analytical capabilities and automation, allowing organizations to automate routine tasks and gain deeper insights into their operations. By leveraging technologies such as Machine Learning, Natural Language Processing, and Predictive Analytics, AI-augmented ERP systems can automate repetitive tasks, provide comprehensive data analysis, and facilitate more informed data-driven decision-making compared to conventional ERP systems. This enables companies to be more responsive to market changes and customer demands. This study will explore the potential and challenges of implementing AI-based ERP systems, despite the obstacles related to implementation costs, technological limitations, and resistance to change. The long-term benefits of incorporating AI into ERP systems are crucial for organizations to maintain competitiveness. The findings aim to provide insights for companies in embracing digital transformation and maximizing their resource potential.
Keywords: Artificial Intelligence, ERP, Innovative Solutions
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