AI Reality Check

I have spent a considerable amount of time trying to make sense of all the information surrounding AI. Before I share a more comprehensive analysis, here are the critical insights you need to understand.

AI Content Creation: Not the Full Story

Let’s start with what you’re hearing about most: “generative AI.” Yes, it can create legal documents, marketing pieces, and computer code on demand. Impressive? Absolutely. But here’s what others aren’t telling you – it’s not fundamentally changing how your business operates.

AI Business Automation: The Real Value

Business-related AI falls into “agentic AI” – agent ‘robots’ performing manual, often menial, tasks for people, freeing them up for more important work. But here’s the catch: AI agents need access to your data and are effective only if that data is: secure, well-managed (accurate), and harmonized. Miss any of these, and your AI investments will either fail or, worse, produce misleading results.

AI agents are only as good as the data they access, and your ERP system is where the real power lies. Don’t be fooled by thinking that data spread over multiple applications, often not consistent and/or difficult to access, will be helpful or useful with AI agents.Proper equipment software integration is essential for accurate data flow.

Preparing Your Data for AI Success

If you want to prepare for a smarter future, you need to make sure your data is “AI ready.” If you’re running an ERP system from before 2000 (when comprehensive, rational databases were standardized) or data is spread over multiple applications and servers, your data likely does not meet the criteria for the future. And you cannot fix that without making changes to your technology stack.  

If you want to benefit from the new world of AI and unlock the potential of your business to accelerate growth and profits, decide now to move to a modern, comprehensive, well-managed data platform for your business. Will it be easy? Maybe not, but the harder it is to do, the more benefits you will receive.

Stay tuned for more to come!

Joe Lewis
CEO
Fame Rental

Fame Rental improves rental businesses and the lives of their employees and customers. We do this because we care more deeply, listen more intently, and act more methodically than anyone in the rental industry would ever expect from a software company.

Contact us at sales@fameintel.com to schedule a demo.