Globally, there are many companies that are embarking on a path of digital transformation. Among them we have the Italian case of Eataly, from the Retail sector, which with Microsoft is developing new interactive, personal and usable shopping experiences on an international scale through the use of cloud computing.
Eataly in Italy is certainly not an isolated example, indeed according to joint research between Microsoft and Retail Institute: 82 percent of Italian retailers are already engaged in digital transformation projects, with an increasing focus on Business Intelligence (55 percent) and Cloud Computing (41 percent).
Microsoft advances digital transformation in Italy
The Digital Difference in Retail event in Milan was an eye-opener for many as Microsoft and Eataly demonstrated the importance of cloud and smart technologies to increase competitiveness in retail, as well as in other industries.
Key drivers of this transformation include:
– changing market demand
– awareness of insufficiently connected teams and processes
– improving the customer experience and customer engagement
– process innovation
Future investments will focus mainly on Business Intelligence tools (55 percent) and Cloud Computing (41 percent), reflecting the need to leverage data and access complex technologies in the competitive market. Other technologies such as Internet of Things (21 percent) and Machine Learning/Artificial Intelligence (14 percent) are attracting interest, highlighting a growing focus on Enterprise 4.0.
Copilot from Microsoft Dynamics 365 Business Central: unleash your company’s potential
Microsoft Dynamics 365 Business Central is revolutionizing the artificial intelligence landscape for small and medium-sized businesses with its innovative Copilot tool.
In fact, Copilot offers new ways to improve workplace efficiency, automate repetitive tasks, and unleash employees’ creativity.
In an environment where time is precious and resources are limited, it is good to have an AI-based assistant that helps you focus on your most meaningful work by answering questions quickly and intelligently.
What are the features of Copilot in Dynamics 365 Business Central
As we mentioned earlier, Copilot simplifies daily activities, but its activity space is truly extraordinary.
For example, for bank reconciliation it offers an advanced solution to match complex transactions, proposing entries for those not matched automatically.
It also stimulates creativity with artificial intelligence-generated marketing text suggestions, allowing product managers to save time and increase sales.
It anticipates and overcomes business challenges by improving customer service through inventory and late payment forecasting. And it also enables artificial intelligence-based cash flow analysis to improve corporate financial stability.
In addition, from January 2024, Copilot’s conversational chat will be a step forward for answering questions quickly and easily, and it will enable people to locate records faster and learn new skills, all through natural language.
In summary:
Simplification of Activities:
- Improved bank reconciliation by automatically matching complex transactions.
- Proposed entries for unpaired transactions, reducing manual effort.
Stimulating Creativity:
- Artificial intelligence-generated marketing text suggestions.
- Creation of product descriptions tailored by preferred tone, format, and length.
Advanced Business Forecasting:
- Inventory forecasting to avoid out-of-stocks and improve customer service.
- Predicting late payments to proactively manage outstanding receivables.
Cash Flow Analysis:
- Creation of comprehensive cash flow analysis based on artificial intelligence.
- Monitoring corporate cash position for better financial stability.
Intuitive Conversational Chat:
- Quick and intuitive answers to users’ questions.
- Quick identification of records and learning new skills through natural language.
Liberation of Human Potential:
- Assistance in meeting daily business challenges.
- Concentration of employees on meaningful tasks through reduction of tedious workload.
Full integration with Dynamics 365 Business Central:
- Advanced use of AI features within the system.
- Access to Copilot as a daily AI companion to improve business efficiency.
Future Availability:
- Planned to be available in early 2024.
- Brings artificial intelligence-based innovations to stay ahead in the competitive market.
The benefits of Copilot in Dynamics 365 Business Central for businesses
The assistant based on generative artificial intelligence has several aces up its sleeve, and indeed promises a personalized experience, advanced features and an active role in collaboration, redefining user-IA interaction in Microsoft 365 applications.
Greater Customization:
- Copilot can be shaped with respect to individual or team needs.
- Adapting Word, PowerPoint, Excel, Outlook and Teams for customized suggestions.
Advanced Features:
- Direct integration with the user, understanding habits and preferences.
- Most suitable solutions and answers to improve work activities.
Collaborative Activities:
- Copilot becomes an active player in collaborative activities.
- Active participation in meetings, taking notes and turning them into sharable visualizations in real time.
Data Privacy:
- Microsoft 365 Copilot offers the same functionality and data protection as Microsoft 365.
- No change in the management of personal information, which remains under the control of the user.
Outlook and Loop:
- Copilot extracts crucial information from e-mail threads.
- Advanced collaboration during meetings, creating agendas and intelligent summaries.
Word, Excel and PowerPoint:
- Retrieval and advanced comments in Word documents.
- Copilot in PowerPoint uses the corporate content library to enrich presentations.
- Integration of Python into Excel to perform advanced mathematical analysis with natural language.
Your digital transformation with Velika: Specialized Support on Copilot and Microsoft 365 Business
Velika is committed to offering a superior level of support and customized solutions to optimize your use of Copilot and Microsoft 365 Business. Our experienced team is here to guide you through Copilot’s new features, ensuring that you can take full advantage of the potential of generative artificial intelligence in your daily activities.
Not only do we offer support on Copilot, but we are also committed to providing solutions tailored to the specific needs of your industry. Whether you operate in agribusiness or other specific industries, Velika is here to customize Copilot and Microsoft 365 Business features to meet your unique challenges and improve your overall productivity.
Contact us today and learn how Velika can be your ideal partner in navigating the advanced world of Copilot and Microsoft 365 Business. We make the future of work more accessible, efficient, and tailored to your unique needs.
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