ERP (Enterprise Resource Planning) is a business management system that integrates different processes and areas of an organisation into a single unified system. ERP systems are designed to help companies manage and optimise their business processes, including finance, accounting, inventory management, production, human resources, sales and marketing, among others.
The use of artificial intelligence and machine learning in ERP systems has enabled greater process automation and smarter decision-making. For example, machine learning algorithms can help predict future product demand, optimise inventory decisions and reduce production costs. They can also be used to improve supply chain management and to identify patterns and trends in financial and sales data.
Overall, the use of artificial intelligence and machine learning in ERP systems has enabled more efficient and effective business management, which can help companies reduce costs, increase productivity and improve customer satisfaction.
Industry 4.0 or the Fourth Industrial Revolution is based on the integration of digital technologies in the production and processing of goods and services.
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