Question

In: Operations Management

What are the current trends on ICT Technologies for enterprise systems? How does AI/Big Data enhance...

What are the current trends on ICT Technologies for enterprise systems?

How does AI/Big Data enhance the efficiency and effectiveness of enterprise operations?

What is your point of view on the future development of enterprise systems?

Solutions

Expert Solution

Current trends -

Cloud computing is a method of using a digital drive to store the data of an organization. rather than using local storage on computer hard drives, companies are saving their funds and space.

Mobile phones, tablets, and other devices have changes the scenario of businesses. Due to this rapid increase every business now tries to make their own websites , apps and target on digital market to reach the mass public.

Big data is a trend that allows businesses to analyze different sets of information to achieve variety in increasing volumes and growth of velocity. It results into high return on investment that boosts the productivity of marketing campaigns of the company.
Data mining is a way by which companies can predict the growth opportunities by examining data to understand markets and strategies.

Automated processes can collect information from different set of groups like vendors, customers, and other documentation. It also checks invoices and other accounts-payable aspects thus reducing the customer interactions. This eliminates the repetitive tasks of employees and saves time and effort.

AI/Big Data leads to automate repetitive tasks which saves time and efforts,
- there is speed of information analysis
-data provided has reliability and accuracy of outputs
- eliminated data related problems
-new methods and ways of analyzing data
-provides ideas for innovation and growth
-helps in inventory management
-helps in understanding consumer behavior
-increases employee engagement
-even smart recruitment.

With rapid changing technologies and increased role of AI it is important for every business to adapt itself to changing environment in order to survive in future. There will be a time when every activity will be done by the software and experts employees will be required who can actually work on these advanced technologies or either develop one of them.


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