How Business AI And Cloud ERP Are Reshaping The Business Landscape

With every day more and more innovative technologies like Business AI (BAI) and Cloud ERP are reshaping the business landscape. Lalit Patil, Chief Technology Officer for SAP Enterprise Cloud Services, shares an article on Forbes explaining how the true way to benefit from these emerging technologies is to have them work together. “Think of BAI as a skilled data scientist and Cloud ERP as a meticulously organized information hub,” says Patil. “This powerful combination empowers businesses to transform operations, gain deeper insights, and make data-driven decisions with unprecedented accuracy.” A powerful combination of new technologies is Cloud ERP and Generative AI (GenAI). “Cloud ERP is getting a major boost thanks to Generative AI (GenAI) and powerful models like large language models (LLMs). These AI models, trained on massive datasets, create smart and adaptable Cloud ERP systems that continuously learn and improve,” Patil notes. Another powerful pair, as mentioned earlier, is Cloud ERP and Business AI. “For AI to be truly valuable, it needs to understand your business. To do this, it needs access to your unique data and processes, which are often siloed in on-premise ERP systems,” says Patil. He describes three areas where Cloud ERP becomes critical:

1. Unified data platform: Cloud ERP centralizes all your business data, creating a clean, organized source for Business AI to make accurate predictions and generate valuable insights.
2. Pre-trained models: Developing AI solutions can be complex and requires a lot of resources. Cloud ERP platforms offer pre-built AI models, like Lego sets for AI. These models are already made, modular, and can be easily integrated with existing systems, saving businesses time and money.
3. Democratization of AI development: Traditionally, AI development required technical expertise. Cloud platforms like SAP Business Technology Platform (SAP BTP) offer low-code/no-code (LCNC) features, which lets non-technical people like business analysts, build basic AI applications using drag-and-drop interfaces and pre-defined templates. This “democratization” allows a wider range of users to leverage AI to solve specific business challenges.

Patil adds that Cloud ERP provides the foundation for AI to flourish, and Business AI takes this a step further by creating dynamic and intelligent ERP systems.

 

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