Internet Day: Achieve Business Success by Harnessing Odoo and AI

Thanks to the internet, technological trends travel at the speed of light. We show you how to leverage them for your business success.

Since 2003, on May 17th, we celebrate Internet Day, originally commemorating World Telecommunication and Information Society Day. This anniversary was established in honor of the signing of the first International Telegraph Convention and the creation of the International Telecommunication Union in 1865.
 

Today, Internet Day has become a significant occasion to assess advancements in information and communication technologies (ICT), as well as the internet and its impact on socioeconomic and cultural development.

As you may already know, one of the most notable advancements in the past year has been the democratization of language models developed with Artificial Intelligence (AI). This has allowed anyone with internet access to directly interact with these types of intelligences that have been among us for several years.
 

Clear examples are virtual assistants, recommendation systems on streaming platforms, online translators, and speech recognition systems.


So,
what's new in the socialization of language models developed with AI?

One of the most significant improvements has been the accessibility to these models. A notable example is the famous Chat GPT, which reached one million users in 5 days.

To put this into perspective, Instagram, one of the most popular online platforms, took approximately 2.5 months to reach the same figure. This growth is not only due to increased internet access but also to the hyperconnectivity characterizing our current society, which spends an  average of 6 hours and 37 minutes online worldwide.

At this moment, the tech industry is in a race to have the best AI language model since they know that while Chat GPT was the first to popularize, they can still become the favorites over time. In the competition, we have Google BERT, ChatSonic, Bloom, and many other AIs that respond to niche needs.

But can you use Artificial Intelligence, together with Odoo, for risk management in your company? Is it possible to leverage AI along with Odoo to protect yourself from financial losses?

The answer is: yes.

We will show you how right now, through your Odoo reports and the proper prompt.

Prompt  

An input instruction or text used to request a response or generate an output in an artificial intelligence language model. A prompt provides information or indicates the task or goal to be achieved. The model uses the prompt as a guide to generate a coherent and relevant response. Prompts can vary in length and complexity, and their choice influences the quality and nature of the response generated by the model.

The combination of these two powerful tools (AI and Odoo) can give you a significant advantage in identifying trends and risks and providing practical recommendations based on your historical and real-time information. We have already shown you how you can use them to obtain an external opinion that allows you to recognize possible scenarios.

One way AI can assist you is through predictive analysis. By examining the information you obtain through Odoo reports, AI can predict possible scenarios and assess their potential impact on your company. 

This is how you can predict product demand, future cash flows, or risks associated with certain business decisions.

Which apps will you need?

Sales


Accounting

What information will you need?
 

Access the sales module and obtain reports on Sales, Sales Volumes, Prices, Customers, and Suppliers. Then, in the Accounting module, retrieve reports on Income, Expenses, Cash Flows, and Profit Margins.

The most suitable prompt to achieve demand prediction, future cash flows, and risks associated with business decisions will depend on the specific configuration and customization of your Odoo system, as well as the nature and complexity of your business. However, as an example, you could use the following prompt:

"Based on the information I will provide, predict product demand, future cash flows, and commercial risks associated with the following variables: product sales history, demand trends, updated financial information, changes in selling prices, external factors that may affect sales, and any other relevant variables for the business. Use this data to provide strategic recommendations and preventive measures that help optimize sales management, improve profitability, and reduce financial risks.

Information: <_____>."

Another way to leverage this tool in conjunction with your Odoo instance is to protect yourself from financial losses, and we already provide an example of how to do it. 

Which apps will you need? 

Accounting


Invoicing


What information will you require?

From your Accounting app, retrieve reports on Bank Statements and Accounting Records. From your Invoicing module, obtain reports on Supplier Invoices, Customer Invoices, and Expense Reports. 

With that information, the most suitable prompt to obtain strategies for protecting yourself from financial losses could be the following:

"Use the financial information from the following Odoo reports to protect me from financial losses. Analyze the information to take preventive measures. Perform predictive analysis and generate recommendations on managing my finances.

Information: <_____>."

These are just a couple of examples of the potential you have with this increasingly popular technology. However, keep in mind that although language models in conjunction with the reports provided by Odoo can provide clearer insights, the mentioned AIs are still in development, and you should not take them as the final word for decision-making but rather as an external opinion to assist you in decision-making.

On Internet Day, take advantage of the available technological tools to boost your business success, experiment with different prompts, and make the most of all your historical information.
 

Imagina tener Odoo a tu medida,  

obtaining all the benefits from every app.

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