June 21, 2023
Microsoft Dynamics 365 optimizes project management and business processes with AI
Microsoft this week introduced new enhanced features for its Dynamics 365 ERP solutions, aimed at changing the way businesses approach project management, finance and supply chain tasks. The updated capabilities reflect Dynamics 365 Copilot’s mission: to support business users by integrating CRM and ERP to drive innovation and improve results in every business sector.
Generative AI and Dynamics 365 Copilot
The business world is increasingly relying on AI to optimize processes, from planning to forecasting. The focus is now on generative AI, a breakthrough technology that will revolutionize working methods by driving innovation within ERP. Dynamics 365 Copilot leverages the latest developments in generative AI to automate routine tasks and harness the full potential of the workforce.
Simplified project management with Copilot
With Copilot, project managers can quickly generate new project plans for new assignments in minutes instead of hours. This is done simply by describing the project details with natural language. Copilot then generates a project plan that can be further modified by the project manager. Copilot features are also being introduced for Dynamics 365 Project Operations to save time on project status reports, task planning and risk assessments.
Project status reports and more with Copilot
Once the project is in progress, the project manager can use Copilot to create a project status report, which is generated in an instant. For project success, Copilot can be used to identify risks and continually suggest mitigation strategies, such as identifying common project risks that can destabilize a project, such as significant delays or budget overruns.
Conclusion: Dynamics 365 and business transformation
The recently announced enhancements to Dynamics 365 Copilot are intended to significantly transform the way companies approach project management, finance and supply chain operations by leveraging the power of AI. Companies can benefit from streamlined processes, accurate forecasting and time savings, leading to increased productivity and better business results.
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