To start the week, Oracle and Oracle NetSuite announced Oracle NetSuite Restaurant Operations. NetSuite followed with a more general AI announcement with the latest additions to NetSuite AI Connector Service. Finally, IFS announced a new pricing model for deployment of Industrial AI.
To start the week, Oracle and Oracle NetSuite announced Oracle NetSuite Restaurant Operations. NetSuite followed with a more general AI announcement with the latest additions to NetSuite AI Connector Service. Finally, IFS announced a new pricing model for deployment of Industrial AI.
Hi and welcome to episode 232 of The ERP Minute. I’m your host, Rebekah McCabe.
To start the week, Oracle and Oracle NetSuite announced Oracle NetSuite Restaurant Operations. Powered by NetSuite’s AI-powered business system, Restaurant Operations is designed to help restaurants increase operational efficiency and profitability by unifying and simplifying critical back-office functions. Restaurant Operations supports growth and innovation by unifying inventory, procurement, scheduling, production, and cash management data in a single AI-enhanced platform that delivers real-time visibility, actionable insights, and scalable workflows. Restaurants will be able to benefit from a specialized AI toolset, enabling greater productivity and control.
Adding to the industry-specific news, NetSuite followed with a more general AI announcement with the latest additions to NetSuite AI Connector Service, helping customers connect the AI models of their choice to NetSuite data and apply AI more effectively across their business. The latest additions include NetSuite AI Connector Service Companion, support for the NetSuite Model Context Protocol (MCP) Apps extension, and expanded support for NetSuite Analytics Warehouse. Customers will benefit from this connectivity and the ability to leverage accurate data through all of their AI models without the solution needing to be built within NetSuite.
Finally, IFS announced a new pricing model enabling organizations with the freedom to deploy Industrial AI wherever it creates value, without constraint and without fear of escalating costs. IFS is moving away from user-based licensing by enabling customers to pay by assets, rather than user. The model aligns software investment with the operational assets customers manufacture, manage, and maintain. As a result, business growth is not limited by user-based budgeting and can scale their system as their number of assets grows.
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