ERP Trends for 2017
2017 has brought about many new trends, expectations and options in the technological world. Today, companies have more options to consider before adopting a new strategy for their business, as well as their Enterprise Resource Planning (ERP) systems.
In recent years, it has become apparent that in order to meet the demands of their customers, companies should adopt a more technology-oriented approach. From the experience gained last year, it seems that cloud systems, mobility and ERP capabilities will be at the forefront this year. Below are some of the trends you can expect to see with ERP software in 2017:
1. Digital Transformation
I’ve been seeing this term everywhere recently. With digital transformation, companies will have more and newer options available. Organizations will have a variety of integration tools and solutions to use and will be able to extend their possibilities with various tools such as eCommerce and business intelligence (BI) systems rather than relying on the traditional ERP software.
2. Cloud Solutions — Flexibility
Cloud computing has gained rapid popularity in today’s advanced business world. The use of cloud systems is predicted to be very essential for companies in 2017. Despite bringing many new decisions along with it, such as customized cloud systems or integrating a company’s own ERP system / building a new one, cloud systems offer an effective flexibility and recovery option in emergency situations. Using a cloud-based ERP solution is cost effective and fast to implement.
3. Industry 4.0 — The Rise of Machine Learning
Companies today have a variety of tools to use at their disposal. With technology advancing everyday, companies may increasingly use and benefit from new systems and technologies such as machine learning and predictive analytics. In the Industry 3.0, ERP systems and machine control were two completely separate things. With the Industry 4.0, however, ERP capabilities have evolved into a whole different level. Machine learning, MES (Manufacturing Execution System) and ERP are all connected together, having the capability to interoperate.
4. Mobile Access
ERP systems have many features for companies, and mobile access is one of them. This helpful feature allows companies to complete tasks such as syncing data with their company ERP and accessing sales analytics on the go. In addition, mobile access to ERP systems will increase the response time. Mobile gives your company a huge competitive advantage by having everything on the tip of your fingertip.
5. Internet of Things (IoT)
With the arrival of 2017, companies have many new and different ERP solutions to choose from. Aside from the new technologies used, such as mobility and the cloud, the IoT will also open new doors and increase the potential of company growth. A network of connected devices will allow customers to gain an insight into their products and problems, and with the support of sensors and devices, all connected together, companies will be aware of a possible malfunction. Moreover, IoT will help companies to learn about customer behavior by collecting data from product reviews and customer feedback.
The advancements being made to new systems will certainly make things easier for companies in 2017, but they will also bring new security threats and vulnerabilities which should be addressed by companies before it’s too late. However, that shouldn’t scare you away from implementing new and improved ERP solutions. This year will undoubtedly bring many new ERP options to consider and features to explore.
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