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Oracle and ESG Identify the use of AI, IoT, chatbots and blockchain in organizations

August 5, 2020

Oracle and the Enterprise Strategy Group (ESG) found that 84% of companies use at least one of four new technologies: Artificial Intelligence, Internet of Things, chatbots or blockchain. This was reported by Info Channel on August 3rd.

According to the article published by this medium These technologies have a positive impact on financial and operational problems.

The publication states: “Oracle and the Enterprise Strategy Group (ESG) estimate that integrating AI into ERP systems can reduce errors by up to 36% and book closing times by 3.5 days. These results are part of a global survey (before the pandemic) of 700 finance and utilities professionals. “

Oracle and ESG Identify the use of AI, IoT, chatbots and blockchain in organizationsOracle and ESG Identify the use of AI, IoT, chatbots and blockchain in organizations

“Another important finding shows this 84% of companies use at least one of these four new technologies: AI, IoT, chatbots or blockchain. You achieve efficiency in finance and operations, which makes processes more agile and easier“They added later.

Internet of Things and Blockchain

According to the article, The Internet of Things increases the return on investment: “88% of companies state that the IoT has met or exceeded expectations.”

On the other hand, Manufacturers also use blockchain to increase efficiency and achieve return on investment: “87% of those surveyed said that blockchain applications exceeded the expected return on investment.”

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