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At its best, technology is actively being democratized.
It has enabled millions to express themselves and seize new opportunities.
The pocket calculator in the late 1970s changed learning, academia, and accounting at a stroke.
Each of these essential technologies makes us question how work was done and life was lived before their arrival.
There is a race among technology companies to create lasting differentiation and enhance value propositions forcustomers.
This is the real value of AI for business.
The grounding from company data reduces the chance of hallucinations that generative AI can sometimes spit out.
A user could ask how do I improve store performance?
There are signs that initial deployments are also good for business and employees.
Walter Sun is SAP’s Global Head of Artificial Intelligence.
Finally, AI software makers must take the ethics of AI seriously.
A responsible tech industry will always focus on data protection, privacy and sovereignty.
It will also always put people and their needs at the center of their products and services.
They will also be able to ensure manufacturing accuracy, reduce inventory carrying costs and meet delivery deadlines.
Finance:Teams will be able control costs and reduce risk.
Automation of intensivefinancialprocesses, such as matching open receivables to incoming bank statement items will improve productivity.
Ecommerce:AI will personalize the customer digital experience, increasing conversion and improving operational efficiency.
This new AI age will enrich businesses and increase agility.
We should all be excited as we embark on this journey together.
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