SAP and NVIDIA recently announced an expansion of their partnership. Their aim is to integrate generative AI into SAP’s enterprise applications by leveraging NVIDIA’s advanced AI capabilities.
What’s Changing?
At the recent SAP Sapphire event, SAP and NVIDIA introduced a series of new AI-driven enhancements, including the integration of NVIDIA AI Enterprise software into SAP’s Joule AI copilot.
For the developers using SAP’s programming language, the introduction of AI-assisted development will significantly reduce the time developers spend on manual coding tasks.
The partnership also enhances SAP’s Intelligent Product Recommendation solution with NVIDIA Omniverse Cloud APIs. The result is integrated 3D simulation tools that help organizations improve the sales process. Sales teams can interact with realistic models of products within their intended environments, enabling quicker and more precise quotes.
The 2024 Top 10 ERP Systems Report
What vendors are considering for your ERP implementation? This list is a helpful starting point.
Generative AI in SAP’s Ecosystem
Embedding generative AI across SAP’s cloud solutions will provide advanced AI capabilities tailored to specific business needs. Key initiatives include:
1. Advanced AI for Business Applications
Generative AI capabilities will be integrated into various SAP applications, automating complex processes, such as intelligent invoice matching.
2. Expanding AI Capabilities
The partnership will enable SAP to offer more advanced AI functionalities, such as natural language processing and machine learning. These technologies will help businesses automate routine tasks, gain deeper insights from their data, and make more informed decisions.
3. Enhancing User Experience
By embedding AI into SAP’s user interfaces, the partnership aims to make enterprise software more intuitive and user-friendly. AI-driven recommendations and automation are intended to help users navigate complex systems more easily.
Panorama’s Enterprise AI Best Practices
As generative AI is embedded across SAP’s cloud solutions, other ERP vendors are making similar moves toward more advanced AI.
If you’re considering an AI implementation, it’s essential to focus on these four pillars of success: People, Processes, Technology, and Data.
1. People: Engaging Stakeholders and Managing Change
Involve end-users in the planning and implementation phases to give them a say in the organizational changes. This will decrease their fear of the unknown and increase system adoption.
Executive involvement is also crucial. Executives should actively participate by setting priorities, allocating resources, and being involved in critical milestones. Strong leadership helps mitigate risks and ensures alignment with strategic objectives.
2. Processes: Streamlining for Efficiency
An AI implementation is an opportunity to streamline your business processes.
We recommend reviewing your current processes to identify inefficiencies and areas for improvement.
Also, you should consider how integrating AI with other business systems, such as ERP and CRM software, could automate complex workflows.
3. Technology: Select the Right Software
Whether you’re looking for an AI-enabled ERP system or ERP software that integrates with AI, our top ERP systems list includes many viable options.
Start with your business needs and work with an independent ERP consultant to prioritize these needs throughout the selection process.
Before making any purchase decisions, make sure the project team has realistic expectations about the infrastructure and resources required to support AI. For example, how will you ensure that you have the data storage and computing power required for advanced analytics?
4. Data: Ensuring Accuracy and Accessibility
A strong data management strategy is essential if you’re expecting your AI tools to provide reliable, actionable insights. This means establishing processes for data cleansing, integration, validation, and ongoing data governance.
We also recommend developing an information strategy and identifying key performance indicators (KPIs) to ensure the AI system provides the insights you need.
Vendor-Agnostic and Focused on Your Business Goals
To take advantage of AI in ERP, companies should ensure that their technology purchases align with their business goals.
Our ERP consulting firm team is vendor-agnostic, so your business goals are our top priority. We will evaluate a wide array of ERP and AI solutions and guide you through requirements gathering, vendor demonstrations, and more. Contact us below to get started.
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