Video Transcript
Have you ever considered the next step for your business intelligence strategy? If you have, it’s time to complement your BI tool with artificial intelligence (AI).
For businesses that are currently maximizing visualization tools like Tableau, Looker Studio, or Power BI, it may be time to scale your BI approach to the next level with new features such as Tableau GPT.
With GURUS products, including Artificial Intelligence for NetSuite, users will have access to the ultimate integration that connects to BigQuery data warehouse where you can use the software stack of your choice and build your own machine learning with GURUS.
Google’s solution, Vertex AI will help you construct an efficient visualization tool that gives your company access to a powerful forecasting tool to pinpoint trends and make rapid analytical decisions that positively impact the bottom line.
Stay in control of NetSuite, business intelligence, and artificial intelligence without disruption.
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What is Artificial Intelligence?
We’ve all been privy to artificial intelligence for some time now: ChatGPT, Siri, navigational maps - the list goes on. Each software has some sort of programmation to remember behavior patterns and better predict the outcome.
Yet, its true definition is often lost in translation.
In the general sense, AI is designed to mimic human intelligence within software and machines. It has the ability to solve problems, provide solutions, predict events, answer questions, and be a strategic planner.
Due to its commanding development, it makes sense why more and more companies are looking to invest in an AI software strategy.
How does AI work?
Just like most software foundations, an AI’s functionality is based on datasets intertwined with powerful algorithms that easily learn from patterns and features within the analyzed data. During these data processing times, AI can test and measure performance, each time developing more expertise. And since it doesn’t need to take any breaks, it can learn millions of different items in very little time.
AI is a very influential tool that relies on data analysis, but is designed using techniques, processes and a lot of different technologies. In fact, it’s important to know that artificial intelligence isn’t just a type of software, it’s more of a science that brings together a variety of fields.
Machine Learning
A part of AI that “allows” machines and applications to learn on their own based on experience, without being programmed. This is where AI finds patterns, uncovers information, and improves the final result.
Deep Learning
A sub-branch of machine learning that centers on a different way of AI: processing data. It finds connections between data - based on the neural functions of the human brain - in order to come up with results.
Neural Networks
A process that continually analyzes datasets to find patterns and interpret their meaning. Through these analyses, AI uncovers the links to fill the missing gaps with the right answers.
Natural Language Processing
This is a crucial aspect of artificial intelligence as it allows the software to recognize, analyze, and interpret the human language. Speech recognition, for example, is needed for any AI software that communicates with humans.
These are just a few of the fields that encompass artificial intelligence. The key is to know and understand how it works in order to fully master AI and subsequently implement a strategy for your business.
The Importance of an AI Strategy
Now that you know the what and how, it’s important to delve into the why. Why implement an AI strategy? While each organization is unique, one thing is true, they can all benefit from a proper artificial intelligence software.
1.
No More Human Error
One of the reasons software and technology was created was to facilitate business processes, but to also cut down on errors.
AI not only minimizes human error, it helps predict all possible outcomes and provides guidance on the best choice moving forward. Real-time data is used to foresee as many alternative outcomes as possible, leading companies to better understand the different options and impacts.
Strong decision making is made on powerful data instead of instinctive hunches.
2.
Research and Analysis
Time-saving solutions are no longer dreams, but a reality. Artificial intelligence technology vastly reduces the time it takes to research and develop products, projects, ideas, etc.
What used to take companies months - sometimes years - can now be done within minutes, with invaluable insight and accurate outcomes.
Data analysts collect data to make smarter decisions in a quarter of the time.
3.
Smart Decision Making
As humans, we’re known to be biased.
For companies who need unbiased answers, the key lies in using appropriate data to get the unbiased information within AI software.
Meaning, from the input it’s crucial to put the most accurate data. Once this has been done, its outcome will solve the problems and function based on purely unbiased data, without the influence of outside individuals.
4.
More Repetition, More Intelligent
Highly regarded as more than an automation tool, AI can also be implemented to include repetitive tasks that would often otherwise go to team members.
HR onboarding, chatbots, closing a sales cycle are all tasks that AI can easily handle; however, it’s important to remember that AI is much more than that.
Artificial Intelligence for NetSuite ERP, Powered By GURUS
Business intelligence (BI) is often the first step that companies take before implementing artificial intelligence.
As a data visualization tool, it’s perfect for business analytics and specific tasks like deciphering datasets. For companies who have an ERP solution and a business intelligence tool, the next step would be to implement an AI strategy.
This would provide you with the core functionality of an ERP system, the consolidation of data, and the predictive behavior needed to stay in control of unstable economic conditions.
At GURUS our team of professionals have spent years mastering datasets and programs to better serve NetSuite users. After launching the Data Exporter and a business intelligence tool, it was time to leverage data to another level with artificial intelligence.
Artificial Intelligence for NetSuite is the solution to connect all your data from NetSuite to the artificial intelligence software of your choice for the ultimate predictive analysis.
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