Dynamics NAV 2018 ERP Suite With Dash of AI Released by Microsoft

Microsoft has created a variety of different certification systems. Each of these certifications targets a specific IT area of expertise. These certifications help build the IT professional’s proof of knowledge. Microsoft’s small and midsized business customers can now automate more business processes with the AI-enhanced release of Dynamics NAV 2018.

Microsoft Dynamics NAV 2018, an enterprise resource planning (ERP) software for small and medium businesses, is now generally available. James Phillips, corporate vice president for Microsoft Business Applications, announced on December 1 that the software giant has officially released a new version and improved interoperability with Office 365.

Breadth and depth are built on the company’s broad moat of economy. More than 1 billion people use Microsoft office software, and there is no similar program to approach the office’s throne. Its dominance is strong. “An interesting paradox about Microsoft is that you’re basically out of the office, and now they’ve got that you can not get out of it,” Carl Brooks of Services said. 451 Research Provider Analyst.
With the sustained competitive advantage conferred by Office, Microsoft had the flexibility and resources to grow and expand enterprise offerings with a foot already in the door of almost every computer user. Like the rest of Microsoft’s application and cloud service portfolio, Dynamics NAV 2018 is also gaining some new artificial intelligence (AI) capabilities that promise to help automate repetitive and tedious tasks.

Based on the AI features of 2017, the latest version of the software is based on “new off-the-shelf Microsoft Excel report templates (eg spreadsheets, cash flow statements and more), as well as more in-depth use of Phillips’ 12 A blog post on the 1st of January said: “All of this helps simplify business processes.

Microsoft Cognitive Services is a collection of AI-enabled APIs that developers can use to build intelligent applications that can pick out objects in photos, automatically transcribe audio and detect sentiment in video content, among other capabilities. “We’ve also added improvements to the Optical Character Recognition (OCR) capabilities with the Kofax Invoice Capture Service, for process improvement with digitized purchase invoices,” Phillips added.
As the market for AI-enabled commercial software heats up, the upgrade will also come.

In September, Salesforce announced several major enhancements to its Sales Cloud CRM offering, all powered by the company’s Einstein AI software. Among them is an automated forecasting tool that helps CFOs predict future sales with increased accuracy.

During its OpenWorld conference in October, Oracle announced new AI-enabled Adaptive Intelligent Apps for its cloud-based enterprise resource planning, human capital management (HCM), supply chain and customer relationship management (CRM) products.

According to Phillips, this time easier for getting started with dynamic navigation. The latest versions of ERP products include an automated setup guide that simplifies initial configuration and enables customers to integrate their products with Dynamics 365 for Sales (company sales process management and insights gathering application).
In addition to injecting AI into virtually any commercial software and cloud offering, Microsoft has been fanatically embedding analytics into its products. In Dynamics NAV 2018, this effort is reflected in the rebuilt charts and reports generated by the company’s Power BI cloud-based business intelligence and analytics software.

Finally, Dynamics NAV integrates with Microsoft Flow, Microsoft’s mission-automation application. Flow debuted in April 2016, allowing users to take a more hands-on approach to everyday tasks that require multiple applications to complete. Flow connects to other Microsoft services and many third-party software-as-a-service applications to automate tasks that would otherwise require users to handle a few or more applications.

For example, you can use Flow to automatically copy new Salesforce leads to your organization’s CRM system and other tasks that otherwise require users to copy and paste information from one application into another.

Reference: http://www.eweek.com/enterprise-apps/microsoft-releases-dynamics-nav-2018-erp-suite-with-dash-of-ai