Major ERP Trends


Over the years, we’ve seen enterprise resource planning solutions evolve to adapt to the ever-changing business needs and dynamics. Customers demands have changed drastically and enterprise technology innovations such as Artificial intelligence, cloud, mobile and Internet of things have come to stay. A couple of years ago only few organizations deployed ERP’s for their business operations and it was viewed in a different light. But that is no longer the case today and ERP’s have greatly evolved. We may be seeing a totally different kind of ERP than what was sold 2 or 3 decades ago. As we are in the closing stage of 2019 these are some latest trends in ERP to watch out for in the coming years.

 The Internet of Things (IoT)

Internet of things is known as the interconnection of data / information from devices that normally would remain disconnected from the Internet. IOT is one of the most promising and exiting developments that is been adopted into ERP’s. It would ensure that organizations attain valuable insight into organizational processes through their enterprise resource planning system. With IoT ERP’s would perform more efficiently, it would improve accuracy and expand data availability. This imply that organization would gain more flexibility and make better decisions

What more does IoT offer? Incorporating IoT data with enterprise resource planning systems can add valuable information to bigger picture within an enterprise. This implies that product shipments can be easily tagged with devices that report transportation time and current location information. This is very important feature for logistics and supply chain management organizations. 


Cloud
Cloud solutions are increasingly gaining attention of business leaders and they have come to stay. Cloud system are rapidly displacing legacy, on-premise solutions. They offer a wide range of advantage ranging from better collaboration, data accessibility, security, easy deployment and lots more. In the last year global cloud computing revenue topped $400 billion, and according to Gatner by 2020 70 perfect of CTO’s in leading firms will facilitate the analysis and identification of emerging technologies to support their organizations digital transformations.

A cloud-based ERP system can offer businesses via a subscription model by cloud vendors is a great alternative to on-premise ERP systems. They do not have to procure hardware and no complex ICT setup is required. On a cloud server, the capabilities of Enterprise resource planning software are easily accessible from any device that with an Internet connection. Cloud ERP’s are easier to maintain as there is no on premise maintenance required.


Mobile
Mobile Enterprise resource planning applications allow organizations to benefit from deeper business relationship, improved quality of service, faster data capture and acute information entry. This imply that an employee from the sales department can check inventory levels or even close a sale from the airport, home, or where ever. Employees can easily notice inventory levels and even attend to customers thereby improving customer relationship. Mobile ERP’s better convenience than accessing through desktop, laptops or tablets. Mobile ERP significantly improves employee productivity and increase efficiency.

AI
AI-enabled Enterprise resource planning (iERP) systems can create an environment where an organisation data is conversational and actionable. AI powered ERP can also learn from data sources, develop automated workflows and better streamline organizational process. Learning from data sources can reduce the time it takes to capture data and also drastically reduce error. Furthermore, AI powered ERP’s can suggest different ways to optimize the system for individual users and also enable organizations gain better insight.


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