At the intersection of AI, process engineering, and enterprise software, you’ll find Enterprise AI.
But artificial intelligence is more than a buzzword. The past few years have shown us that AI technology is here to stay, and it’s constantly evolving to reach new heights. Across numerous industries and functions, AI is now the driving force behind innovation in business processes.
Leaders are under pressure to show they are investing in the latest technologies to reduce operating costs. Could AI be the answer?
General AI vs. Enterprise AI
“Artificial intelligence,” or AI, is defined as the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages.
“Enterprise AI,” a much more recent term, is defined by HPE as the combination of artificial intelligence — the ability for a machine to learn, understand, and interact in a very human way — with software designed to meet organizational needs.
The breadth of Enterprise AI encompasses multiple areas of an organization and is not limited to any one business function or team, i.e. accounting, global procurement, operations, etc. Therefore, investment in Enterprise AI can bolster overall business performance since it impacts several business functions at the same time.
Organizational Impacts of Enterprise AI
A significant impact of AI-driven transformation is the need for effective change management. Organizations don’t simply adopt AI technologies without any adjustments or rough patches. Being prepared to manage the changes that come along with Enterprise AI is critical. This includes:
Training and onboarding employees
Adjusting job roles and responsibilities
Creating space for questions, apprehension, and concerns
Another important consideration is scope management. Organizations must set clear boundaries around what the AI solution in question can and cannot do, as well as what data it can access. This prevents unintended consequences while ensuring that the AI system is being used effectively and ethically.
Finally, expectations management must be considered when it comes to AI-driven transformation. Understanding that the adoption of AI is a journey (not a one-time event) will help businesses thrive in the long-term. Companies must also be prepared to continuously evaluate and adjust their AI solutions to ensure they are meeting their goals.
Challenges will almost certainly present themselves somewhere along the way, but if your organization is prepared and has the right strategies in place, it will be much easier to navigate the transition period so you can benefit from whatever your AI solution was designed to do.
A Smart Investment
The future is now, and AI technology has firmly established itself as the driving force behind innovation in business processes across a wide range of industries. As the world of AI continues to evolve at an astonishing pace, it's essential for leaders to understand its transformative potential and harness it effectively.
This brings us to our new eBook, A Smart Investment: How Enterprise AI Transforms Business. This comprehensive guide is designed to provide you with deep insights into the expansive world of Enterprise AI, its possibilities, value, and long-term consequences.
With this eBook, you will:
Discover how AI intersects with process engineering and enterprise software, revolutionizing the way businesses operate
Explore real-world use cases of Enterprise AI across diverse industries, uncovering the remarkable benefits and competitive advantages it offers
Gain a clear understanding of the challenges and considerations associated with implementing Enterprise AI, ensuring successful adoption and integration
Delve into the ethical implications of AI in business processes, examining the importance of responsible AI usage and its impact on society
Learn about the latest trends, advancements, and best practices in the field of Enterprise AI, empowering you to stay ahead in this rapidly evolving landscape
As leaders face increasing pressure to invest in cutting-edge technologies and reduce operating costs, it's crucial to evaluate the potential of AI. Our eBook aims to equip you with the knowledge and insights needed to make informed decisions and leverage Enterprise AI to propel your organization towards success.
If you're eager to uncover the complex and layered subject of Enterprise AI, we invite you to download your free copy of this new eBook. It’s time to unlock the true power of AI and drive innovation that reshapes the future of business.
Terzo uses powerful AI technology to extract, analyze, and visualize your contract data. Terzo's AI data extraction capabilities also reach beyond contracts and can solve your organization's document problems, from invoices to POs and more.
Our platform was designed on the foundation of contract intelligence, providing business teams the necessary data to improve productivity, optimize spend, reduce costs, and manage risk and governance across their entire supplier ecosystem.
Ready to learn more about how Terzo can bring Enterprise AI into your organization? Click here to schedule a free demo with one of our experts today.