Welcome to the July edition of our newsletter Forsys Frame. In this issue, we will discuss the surge of Artificial Intelligence (AI) and how companies are eager to capitalize on its benefits. Whether it is the fear of missing out or the race to be the first, tech heavyweights are rushing to invest in AI and be a part of the technology boom. While Amazon has invested $4billion in an AI startup, Google is investing over $100billion in the technology to edge over its competitors.
Not far behind are the tech giants like Apple, Microsoft, Salesforce, Nvidia, and others who are investing mightily in AI. These organizations are looking to be the early birds and benefit from the expansive AI ecosystem.
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Shailesh Powdwal
Vice President,
Partnerships
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Power of Artificial Intelligence
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AI is a revolutionary technology that is transforming everyday data into valuable and even profit-generating insights by using advanced technologies like ML, NLP, increased computational power, data analytics, and predictive analytics. The ability to quickly analyze large volumes of datasets to identify patterns and share insights into customer behavior is making AI popular across industries.
With no sector or business area untouched, the integration of AI and ML into SaaS and solutions is resulting in clean, integrated, and processed data. This data can be used to make accurate predictions, improve operational efficiency, customize solutions, and enhance customer experience.
For instance,
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Salesforce Einstein 1 Platform combines GenAI models with CRM data to improve productivity and customer engagement.
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Oracle integrated AI into its Fusion Cloud applications to help users make better decisions and increase efficiency.
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NetSuite has also integrated AI across its product suite to simplify workflows, analyze data, and boost productivity.
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By embedding AI capabilities, Conga provides smart contracting solutions for faster negotiations and deal closures.
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To highlight some relevant AI applications in enterprises:
AI, ML, and NLP transform contract management by automating document processing, analyzing contract data, and providing insights on risks, compliance, and performance metrics. These technologies enable quick and easy searches for contract information. Similarly, Salesforce Einstein leverages AI to help sales teams analyze historical data, offering actionable insights and personalized recommendations. Additionally, AI benefits organizations by accurately forecasting demand, streamlining supply chains, and automating everyday tasks.
Regardless of the business function, AI's transformative power is empowering organizations in being more productive and efficient. Forsys leads the transformation by offering innovative solutions that enhance operational efficiency and business performance.
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Discover how our solutions are delivering success stories.
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90% decline in order cycle time with real-time integration between Oracle & Salesforce
Read More
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Complete cloud transformation in 3 months with Oracle integration
Read More
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Upcoming Events
Ai4 2024
Aug 12-14, 2024
Las Vegas, USA
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Aug 16-17, 2024
Toronto, Canada
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Artificial Intelligence Machine 2024
Aug 19-20, 2024
Toronto, Canada
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The reality is that being unprepared is a choice. The benefits come when we see AI as a tool, not a terror, and bring it into our sales motions.
Anita Nielsen, president, LDK Advisory Services
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Copyright © 2024 Forsys Inc., All Rights Reserved.
Forsys Inc, 691 S Milpitas Blvd, STE #213, Milpitas, CA 95035, United States, 408-409-2567
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