Quality Data and Strategic Approach Ensures AI Implementation Success
Article from MHI Solutions Magazine
AI technologies ranked highest of innovations that respondents to the 2024 MHI Annual Industry Report survey expected to adopt within the next five years. In addition to the 58% who expect to adopt AI technology, 27% of respondents report already using AI and only 15% say that they are unlikely to adopt AI tools.
Leveraging the power of AI is a big topic right now, often one of the top five things to do according to many surveys of supply chain leaders, said Arturo Buzzalino, vice president of product management for MHI member Epicor. Supply chain companies are using enterprise resource planning (ERP) technologies to format data, display financial information and report on inventory, but the addition of AI can enhance analysis and free up staff time to focus on higher-level tasks.
Because AI is dependent on data, a robust ERP is required. “If a company is using an old system or still relying on spreadsheets to track business operations, it is not ready for AI,” said Buzzalino. Before exploring adoption of AI, evaluate the quality of data in the existing ERP and ensure that it accurately reflects the reality of the business…”
