A Look Into The Future of ERP Industry

ERP industry has witnessed a tremendous growth over the recent years as the need of automation is rising, making it a vital need for every business. Today, the competition in production sector has intensified and it is going to be even more intense in the coming years. So amidst all these circumstances, there is no point of running a large enterprise in the absence of a system that automates all its tasks. Owing to all the technological advancements happening around, it has been very crucial to maintain pace with the latest trends and technologies to stand strong in this widespread competition.

It’s been more than a decade since the inception of ERP and it turned out to be a major success. Perhaps, it’s just the beginning. There’s a lot more to come and as the time goes by, we’re going to witness many new aspects of this groundbreaking technology. Through this blog post, we are going to give you a tiny glimpse of what lies ahead and what might be happening in the ERP industry over the coming years. So sit tight and keep on reading!

Also read Choosing The Best ERP Software For Your Business.

Big Data Analytics

Today, all the big organizations are more dependent on IT than ever before for handling and managing their data. All the small to medium organizations produce a massive amount of data each day and it’s never easy to manage such humongous data in the absence of an effective system. Big Data Analytics is a process of rendering powerful algorithms for analyzing large sets of data within minutes or even seconds.

In coming years, the amount of data that is generally produced and processed each day is going to be tripled. In that scenario, there’s going to be an enormous requirement for the Enterprise Resource Planning and ERP services are going to be more mainstream than ever before.

Internet of Things (IoT)

Internet of things or IoT is a whole new concept that provides network connectivity to all the physical devices such as objects, vehicles and electrical appliances. Using IoT, all these devices can exchange data over a network without any human interaction.

As a matter of fact, ERP is just another extension of IoT. In ERP, what you are doing is providing IoT capabilities to various products and manufactured goods for tracking them throughout the business processes until they are finally sold. This makes the business processes fast and smooth. Plus, you don’t need to deal with all the data related blunders. A machine is highly accurate and there'd be hardly any cases when a machine has made any mistake. So you can count on it for your data related issues.

A majority of organizations are starting to understand the importance of ERP and many are going to implement it in their business anytime soon. If we look into the future, by the year 2020, about 3/4th of the global organizations in production sector will go ERP friendly.

Mobility Is The Key

The world seems to be more elevated towards the increased mobility. We have seen gigantic devices turning into tiny and portable ones. Even a small device that you carry in your pocket gives a worldwide coverage. Today, you can see live soccer matches on your smartphones. Nevertheless, ERP industry is also moving towards mobility. Now you can manage all your business activities on your smartphones by means of mobile apps.

In coming years, the increased mobility is going to take ERP to a whole new level. All the back office and front office operation will be done on mobile devices and soon all the managers, workers, warehouse incharges and even shopkeepers will be using smartphones to manage all the business activities.     

Oodles Technologies provides top of the line ERP software solutions for various ERP service providers. The ERP softwares developed by us are well suited for all kinds of small to medium size businesses (SMEs).