The rise of artificial intelligence (AI) has brought about a significant shift in the way businesses operate. With the increasing demand for technology enhancement, more and more companies are adopting new technologies like Enterprise Resource Planning (ERP) to streamline their operations and improve efficiency. However, as with any new technology, there are concerns about how it will affect people and their ability to adopt it.

One of the main benefits of AI and ERP technology is the ability to automate repetitive tasks, allowing employees to focus on more strategic and creative work. This can lead to increased productivity and job satisfaction. However, there are also concerns that AI and ERP technology will replace jobs, leaving many people unemployed. While it is true that some jobs may become obsolete, new jobs will also be created in areas such as data analysis and software development.

Another concern is the potential for AI and ERP technology to widen the gap between skilled and unskilled workers. Those with the skills to work with AI and ERP systems will be in high demand and command higher salaries, while those without these skills may struggle to find work. This highlights the importance of investing in education and training programs to ensure that everyone has the opportunity to develop the skills needed to work with these technologies.

Despite these concerns, the benefits of AI and ERP technology cannot be ignored. Companies that adopt these technologies are likely to see significant improvements in efficiency, productivity, and profitability. This is reflected in the recent surge in Nvidia’s (NVDA) share price, driven by the demand for AI chips.

To successfully adopt new technologies like AI and ERP, companies need to take a strategic approach. This involves identifying the areas of the business that could benefit from automation and investing in the necessary technology and training. It also involves engaging with employees and stakeholders to ensure that they understand the benefits of the technology and are willing to embrace it.

In conclusion, the rise of AI and ERP technology is transforming the way businesses operate, and while there are concerns about its impact on people, the benefits cannot be ignored. By taking a strategic approach to adoption and investing in education and training programs, companies can ensure that everyone has the opportunity to benefit from these technologies. As the public agrees that technology is important, it is up to businesses to embrace these changes and stay ahead of the curve.

About Multiable:

With years of experience working with ERP systems, Multiable has become an expert in the field. Our user-friendly Multiable ERP is designed to provide easy access to powerful data management tools. With over 30 years of experience, we have developed fast, reliable, and secure products that cater to businesses of all sizes. Our team is dedicated to helping you succeed with our ERP software solutions. As a leading company in the industry, we have successfully implemented systems for over 6,000 companies across Asia, earning a reputation for excellence. We are excited to share our expertise and partner with your company to help you achieve your goals.

About EDG Grant:

The Enterprise Development Grant (EDG) was launched in 2018. EDG is a single grant that supports companies in the upgrading of business capabilities, innovation and internationalization. EDG replaces the Capability Development Grant (CDG) and the Global Company Partnership (GCP) in the same year.

M18 ERP and M18 HCM is under the scopes of EDG grant.

Our consultants have rich experience in helping customers to get EDG application awarded to deploy our renowned M18 ERP in Singapore. Multiable will provide relevant technical / system related documentations and guide you throughout the application process