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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