Trends that might change the face of ERP

Over the last decade, the ERP industry has developed
significantly, with vendors offering enterprise-wide systems that have a wide
range of capabilities, can be integrated into other business solutions, and are
adaptable to changing company demands. Over the next decade, the sector will
undergo significant transformation, driven by wide adjustments in pricing
structures, implementation tactics, and vertical market adaptations. Furthermore,
suppliers are offering straightforward, user-friendly, and personalised
solutions to enhance technology. Enterprise Resource Planning (ERP) in
particular stands to profit greatly from an open approach to emerging
technology. Here are five technological developments that, if correctly
applied, I believe have the potential to transform the face of ERP.
Internet of Things (IOT)
The Internet of Things (IoT) is a concept that allows you to
instal data transmission capabilities through a network into items that do not
require human involvement, such as vehicles and electrical appliances.
In the case of ERP, devices that may be linked to equipment
and even cars to send data back to cloud-hosted apps are available. It is thus
feasible to quickly access information such as location, usage, and
performance, allowing businesses to identify issues such as where underutilised
assets are located or whether maintenance is required.
Big data analytics
Organizations have become more reliant on IT as a result,
amassing a plethora of previously used data. This data creation is projected to
grow rapidly as the Internet of Things links resources and personnel to the
internet. Organizations will continue to use this data to generate precise
projections that will serve as the foundation for a more intelligent approach
to company planning.
The age of context
With organisations increasingly operating in a multi-channel
environment, employing technology that knows the scenario you're in, what
information you want to see, and how you want to view it will start to have a
significant impact on success. PCs and mobile apps can progressively integrate
context-aware features to forecast user demands and maximise the efficiency of
day-to-day operations.
A field service engineer, for example, will get full asset
data, task orders, and customer relationship history as soon as they arrive at
the repair location.
Mobility
Access to any mobile device at any time and from any
location will no longer be a passing trend, but a permanent fixture. The whole
back office and front office activities will be accessible via cellphones and
tablets. Managers, executives, and employees can easily perform critical
company operations while on the road. Mobile ERPs would provide organisations
with unparalleled flexibility. A mobile-first or mobile-only strategy would be
a key component of the postmodern ERP system.
Wearable technology
Although much of the focus on wearable technology has been
on consumer suggestions, such as fitness monitors, there is also a workplace
hosting use. Augmented reality, which spurred the development of eyewear such
as Google Glass, enables hands-free operations that can benefit many shop floor
personnel. Smartwatches are an upgrade over PDAs (handhelds) and cellphones
since they are more easily available and less likely to be misplaced / broken
down, etc. External factors, such as UV exposure or heat, can be tracked using
tools developed to improve employee health management.
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