Intelligent CIO Kuwait Issue 4 | Page 29

CIO opinion CIO OPINION “ AI WILL EMPOWER YOU TO OFFER IMMACULATELY PERSONALISED RESPONSES TO YOUR CUSTOMERS’ QUERIES. ///////////////// Ali Hyder, Group CEO of Focus Softnet Unlocking business potential with AI- integrated ERP software With Artificial Intelligence (AI) integration improving the forecasting capabilities of ERP software, AI-run ERP systems can unlock the hidden potential of your business data. Ali Hyder, Group CEO of Focus Softnet, explains how AI is shaping the future of ERP software and how this can lead to greater business efficiency. I s AI Shaping the Future of ERP Software? Undoubtedly, yes! In the foreseeable future, AI will have a profound impact on almost every piece of software available in the market, including Enterprise Resource Planning (ERP) systems, in some form or fashion. AI in ERP is going to affect the very essence of the system-controlled business operations. While AI technology is still in relative infancy, the new Machine Learning is making serious waves in the software market and making inroads into business management applications, endowing them with the power of superior governance structure. According to Gartner, by 2020, 30% of all companies will employ AI to augment at least one of their primary sales processes. Impact of AI on industries AI has the potential to bring change on a wide scale to companies, where the customer and operational data is primary to the business. Naturally, it’s unfair to single out any one industry vertical. While that being said, and every industry has its share in the benefits, the impact of the new technology is most prominent in process-heavy www.intelligentcio.com INTELLIGENTCIO 29 29