Four technology trends and their impact on ERP
- Posted on April 26, 2017
Cloud, social technologies, big data and mobile have impacted different parts of the business and internal processes over the years. ERP platforms continue to be implemented and used in more traditional ways. But as businesses become more digital, the traditional ERP platform also has to adapt to the current technology trends. Let’s take a closer look at these trends and how they will influence ERP.
- Integration with Social Platform & Technologies
Facebook, Twitter and Snapchat are, in addition to enterprise social collaboration tools, popular social networks for user interaction. What does this mean for an ERP solution? Simple. It needs to enable processes and campaigns that incorporate social media networks and enterprise collaboration tools such as Yammer and Skype for Business. These social technologies have added another set of tools that people use in their day-to-day job, both within their company as in the communication with their clients.
- Mobile: Developing a Responsive Design
With the wide and continuing proliferation of mobile devices, software vendors are responding by moving to a mobile first approach when it comes to software development, including ERP platforms. For example, applications increasingly come with a responsive design, meaning that the interface adapts to the device used. Also, more native mobile applications will be introduced, also to access your daily business processes and ERP master data.
- Use of Big Data for Predictive Analytics and Insight
Data is everywhere. Created by people online, but also by billions of connected devices all around the world. Luckily, there are tools available that enable users to easily visualize and interact with data. Today, ERP systems provide data that can easily be analyzed using modern tools like PowerBI.
- Moving to the Cloud
Of all emerging technologies, the cloud currently has the most impact on the ERP market. In November 2016, Microsoft launched Dynamics 365 for Operations, its new cloud ERP platform that is fully integrated with Office 365. The new solution clearly shows the future of ERP, which is the cloud.
For starters, the cloud offers an unlimited amount of compute power and storage. This makes any company, big or small, more flexible. Also, cloud ERP platforms require a different type of implementation projects. It is possible to be up and running in a matter of weeks. However, businesses do well to prepare meticulously for a transition to the cloud - preferably with an experienced partner. They need to realize the cloud entails a fundamental shift for the internal IT team that no longer needs to maintain hardware and software, but will focus on user experience, security and performance. This requires different governance and new skill sets. When these requirements are met, it is possible to make a smooth transition to the cloud and reap all the benefits.
As many of today’s traditional ERP systems are almost end-of-life, organizations need to be looking at their entire set of processes and systems through the lens of digital transformation and new technology trends. By doing so they can create and execute on a comprehensive roadmap that will yield real ROI and is flexible enough to change with the market requirements.