ERP (Enterprise Resource Planning)

Concept and definition

ERP (Enterprise Resource Planning)

What is ERP (Enterprise Resource Planning)?

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.

« Back to glossary

Do you want to get in touch?

CDRs contain data that a telecommunications company collects about phone calls, such as time and length of call. This data can be used in analytical applications.
Fill the form
Share:
The future of automation thanks to Machine Learning

If you've ever wondered how Spotify recommends songs you like or how Siri and Alexa can understand what you say to them... the answer is that you can [...]

Read More »
Why Machine Learning (ML) is so popular in the 21st Century

The term artificial intelligence (AI) is nowadays, but it was invented in 1956 by John McCarthy, Marvin Minsky and Claude Shannon in the famous [...]

Read More »
Artificial intelligence applied to the semantic web 

The semantic web or "internet of knowledge" is an extension of the current web. Unlike the latter, the semantic web is based on proportional [...]

Read More »
Business opportunity and artificial intelligence

Companies are becoming increasingly aware of the importance of gradually incorporating artificial intelligence into their business models. The imp [...]

Read More »
See more entries
© Gamco 2021, All Rights Reserved - Legal notice - Privacy - Cookies