Business leaders are expected to evaluate business growth opportunities while balancing risks and accelerating processes to keep pace with changing realities. Business process automation can have a major impact by ensuring efficient -workflows, providing visibility into data, and reducing errors. This is where artificial intelligence (AI) comes into play. It is a -significant game changer of technological business progress.
Business growth needs to be re-evaluated to show what it actually means in today's environment. There is a need to drive smart growth for the various stakeholders in the company and its ecosystem: Positive growth that benefits all stakeholders needs the decision maker as a connector with a deep understanding of the business model, thorough knowledge of the regulatory environment, involvement in the (re)alignment and implementation of technology processes, and connection to all departments.
With their insights into processes and data flows, executives are in a unique position to drive necessary change. But: the world has changed. Static, siloed solutions that until not so long ago made up the bulk of an executive's toolbox are no longer particularly suited to turning key technological screws on business practices and processes.
Business processes require intelligence that constantly evaluates, learns, and optimizes actions and outcomes to make better and better decisions. In today's enterprises, this intelligence is typically human with insight into many data streams, but AI models can continuously improve accuracy and efficiency. The real value of an automation solution lies in the combination of multiple technologies. Multi-layered AI technologies like Esker Synergy, which combine Machine and Deep Learning, Natural Language Processing, Robotic Process Automation, and also external AI resources like ChatGPT, create added value along the entire source-to-pay and order-to-cash cycles.
AI capabilities enable companies to leverage employee resources for higher value tasks and grow sustainably along with their entire ecosystem. However, this requires companies to invest intelligently with AI and focus on innovation - both technological and social.