Home topics technology Featured Tech Featured Artificial Intelligence: Is the pandemic a turning point? Loren Webb May 22, 2020 The disruption caused by COVID-19 may be a technology turning point for many businesses and specifically an acceleration in the adoption of Artificial Intelligence (AI). Business owners and leaders are seeking fast, accurate insights and analytics to help them make better decisions in the rapidly evolving business landscape. Leaders have been forecasting scenarios such as: Can I afford to pay my staff if customers delay payment terms by 15 days? Can I stay in business if all staff take a 30 per cent cut in full time pay and work four days a week? This is where Artificial Intelligence comes in. Aussie-based AI software, Cenario, has seen the increased demand firsthand as their customer sign ups have soared globally since the pandemic escalated. Launched just last year, Cenario is a financial planning software that uses intelligent AI models to provide advanced analytics on a business’s forecasting and budgeting in a simple way. It aims to make business decisions simple by aggregating all financial data in one spot to give leaders a better understanding of company cash flow. Currently Cenario is seeing between 30-40 businesses signing up everyday, with a total of over 1,200 businesses using the platform. Cenario co-founder, Vaibhav Namburi said that the impacts of COVID-19 had led to many business owners pivoting to digital business models and seeking support from technology to help manage this transition and growth period.