Overview of Foundation Models (FMs) and Domain Models:
Foundation Models (FMs):
- Large-scale AI models pre-trained on vast datasets, exhibiting exceptional capabilities in understanding, generating, and adapting content across various domains.
- Accelerate the development of innovative AI products and services by allowing downstream applications to fine-tune them for specific tasks.
- Learn from unlabeled data, reducing reliance on extensive labeled datasets and enhancing adaptability.
Domain Models:
- Specialize in specific areas such as healthcare, finance, or legal sectors, learning from extensive domain-specific datasets.
- In ERP systems, they predict outcomes, recommend actions, and optimize processes.
Benefits for ERP Systems of Records:
- Efficiency and Adaptability: Reduce the need for custom development by enabling a single model to be repurposed for various tasks. Fine-tuning with domain-specific data allows for quick adaptation.
- Interoperability and Scalability: Enhance interoperability across different ERP systems, facilitating seamless integration and data sharing.
- Insights and Agility:
Provide valuable insights into ERP data, optimizing supply chains, predicting demand, and streamlining financial processes, thereby empowering decision-makers.
#MyWaveAI: Transforming ERP Workflows:
- Gen-AI for Business: Generates and automates digital processes, alleviating administrative burdens and improving system usability.
- Personalized Processes: Adapts processes in real-time based on context, intent, and data for each user, enhancing productivity.
- Infinite Extensibility: Integrates with both SAP and non-SAP systems, transforming core processes without the need for extensive customization.
- Auditable Compliance: Ensures compliance in regulated industries, securing trust and reducing risk.
In summary, the synergy of foundation models, domain models, and MyWave.ai offers immense potential for ERP systems of records. Embracing these innovations can drive significant productivity gains across industries. #AI #ERP #FoundationModels #DomainModels #MyWaveAI Geraldine McBride Chelsea Sanford Amy Johnson Joost Tigelaar Paulo Almeida Marc Siefert Jade Michael Gungapersadh Justin Ho Carolina Spinola Beth Walters Pierluigi Magnani Tiziana Del Vecchio Alfredo Pezzella Ricardo Ribeiro Cruz Marc Tiggeler Philippe Lumbroso Vicky Mavraki Hans-Ulrich Blumenthal Martin Stoker Gareth Lewis Karsten Rachholz Katharina Müller Tara Butorac Apostolos Andrikos Amman Walia Shane Corr Denis Glavin Andrea Kury Katherine Reina Mesa Jairo Porras Hernán Díaz Giovanna Saya Jean de Geus Carlos Castillo Carlos Iribarren Enrico Biolo Werner Hölzl Kreft Hans-Peter Uzi Halfon Philipp Emmenegger #sapbusinessone #sappartners
