Why Does AI Work?
AI mimics human capabilities by recognizing patterns and learning from data. Models like ChatGPT are Large Language Models (LLMs) trained on vast amounts of text data to generate human-like language. This is especially useful in marketing for tasks like writing blogs and creating engaging content. Generative AI (GenAI) can also create images, expanding beyond text-based content.
How AI Works for You
AI is trained by processing large volumes of data, allowing it to learn through repetition. Businesses can tune AI systems to fit their specific needs. For example, IBM’s Watsonx offers pre-trained models, customisation tools, and data management features to ensure security.
IBM i is an excellent platform for AI, offering built-in security and reliability. Given AI’s data-intensive nature, IBM i efficiently handles large workloads, streamlining operations.
What is the Future of AI?
AI gained attention with the release of ChatGPT, becoming the next big thing. With advancements in hardware and cloud computing, the global AI market, currently valued at $180 billion, is expected to grow to $826 billion by 2030 (Statista). In 2022, 38% of businesses were already using AI (Statista). AI will soon become a necessity for companies, big or small.
Where to Apply AI in ERP
AI has a wide range of applications in ERP systems, with the largest percentage of users applying AI in operations (Forbes). It can be used for:
- Inventory Optimisation: Ensuring the right stock levels by predicting demand.
- Sales Insights: Analysing customer data to improve sales strategies.
- Trend Predictions: Using historical data to forecast market trends.
- Automated Data Entry: Reducing manual work and increasing efficiency.
AI leads to increased efficiency, better decisions, and higher job satisfaction by automating mundane tasks like checking system messages, detecting fraud, and reviewing stock (Chubb, Cowling and Reed, 2021).
When to Start
With 45% of businesses exploring AI (CompTIA IT Outlook, 2024), now is the best time to start exploring how AI can be applied within your business operations. However, the fast-paced environment and the specialised skills needed for AI can make it challenging to implement independently. Partnering with IMS can help you develop AI applications for your IBM i systems much more cost-effectively.
With rising costs and ongoing tech shortages, investing in AI is crucial.
Who are we
At IMS, we are IBM I specialists and can craft the perfect program tailored to your business needs. Our diverse team is experienced in all aspects of IBM i, enabling us to tackle any challenges that arise.
One major concern with AI is data management (Statista). With IMS, you won’t have to worry. As one of 8,500 businesses accredited with Cyber Essentials Plus, we ensure your data is managed securely and efficiently while developing advanced AI tools tailored to your business needs. Additionally, we are offering businesses the opportunity to work with our AI development team to effortlessly unlock the full potential of AI and IBM I within your organisation
Watch our short informational video here: https://youtu.be/xPbcV9zBkoY
Summary
- AI uses large amounts of sample data to predict reliable trends.
- Demand for AI is set to rise significantly in the near future.
- AI can be applied in multiple areas, with a focus on operations due to its predictive and automation capabilities.
- Investing in AI now is crucial to stay competitive. With future costs set to rise, contact IMS today to see how we can help implement AI into your business.