for that company.
The Future
A real game-changer in the world of business analytics has been the advent of AI. This technology enables machines to mimic human intelligence by learning from input data, making predictions and automating tasks.
AI is able to perform virtually all of the processes that have been mentioned so far and many more. It can gather relevant data, employ predictive analysis, propose the most effective business decisions and even make those decisions for you, if you choose, and it can do all of this quickly, accurately and tirelessly.
At first blush, it would appear that AI is the panacea for all inventory-related problems, but there are a few caveats included with these benefits. Because AI relies entirely on data input, if little data is available or if it is inaccurate, incomplete or outdated, it could lead to flawed predictions.
Implementing AI can be a substantial investment. The cost of the hardware and