ERP systems have evolved tremendously over recent years, incorporating new technologies to help businesses efficiently run their operations with minimal complexities. Since the emergence of the fourth industrial revolution, businesses have embraced next-gen technologies to future-proof their ERP systems. Besides, it has become increasingly important to keep pace with the rapidly evolving technology landscape to sustain the cut-throat market competition.

The modern-day ERP systems are equipped with cutting-edge technologies like IoT, cloud, artificial intelligence, blockchain, and RPA. That being said, artificial intelligence, in particular, has made a significant impact across the global ERP landscape.

In this blog post, we shall explore the significance of generative AI for enterprise resource planning and learn how it is going to revolutionize the ERP industry.

https://erpsolutions.oodles.io/blog/transforming-erp-systems-using-...

What Is Generative AI?

Generative AI is a subset of artificial intelligence that has gained momentum for its ability to autonomously create, design, and optimize data-driven solutions. It focuses on generating novel content or data which is entirely unique and not explicitly sourced from the input data on which it was trained. Unlike other forms of AI, generative AI uses probabilistic frameworks, neural networks, and various algorithms to learn patterns and structures within the data they are trained on. Furthermore, this learned information is used to generate fresh content.

The content produced using generative AI models is similar to the training data but possesses unique characteristics, making it original and plagiarism-free. An apt example of generative AI is ChatGPT, an AI chatbot developed by openAI that follows users’ instructions and provides detailed responses in the text format.