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Organizations are adopting cloud at an exponential speed.
According to a report by RightScale, 95% of the companies have adopted cloud globally in some form or the other.
One software segment that has seen wholesale migration is Enterprise Resources Planning (ERP) systems from the traditional on-premise ERP systems to the new-cloud based ERPs.
As per the reports in 2017, 2/3rd of the global markets migrated their on-premise ERP to the new cloud-based ERP as compared to in 2009 when 80% of the companies preferred on-premise hosted ERP.
Here are a few reasons why the businesses are moving to cloud-hosted ERP:
Low Upfront Cost: As compared to the on-premise traditionally hosted ERP’s, the cloud-based ERP systems have a low implementation cost.