The business world is now highly dependent on Enterprise Resource Planning (ERP) if they want to stay at the top among the competitors in the market. ERP software automates and efficiently manages all operation of business especially shipment order, warehouse or inventory management.
ERP is constantly evolving. A few years ago it was used by the domain of large brands only. But now companies of all sizes can avail the benefits of this technology due to its continuous development. Today I am sharing three trends of ERP that are going to evolve in 2017.
Cloud Deployment
Cloud-based ERP is now a popular trend over the recent few years. This powerful cloud technology is going to be even bigger in 2017 as the business solution instead of traditional on-premise software. Not only in 2016, 78% of US businessmen will have fully adopted Cloud-based ERP technology by 2020.
These solutions offer enhanced security benefits and constantly backup data in the cloud to avoid the fuss of data loss. It allows companies to access information in case of a security breach or natural catastrophe. Access to the required data can manage by system administrators according to the designation of the workers in the company to make it more secure and valuable.
Check ERP Gold for a complete idea of a cloud-based ERP solution.
Cloud ERP is adopted by the companies for various reasons. 49% of businesses use these services to drive cost efficiencies. 42% want to imply a better mobile workforce. 37% are using this technology to enhance better alignment with their customers and partners.
Integration of Machine Learning
To personalize user’s experience machine learning is used in Customer Relationship Management systems and other search algorithms. This artificial intelligence is gradually making its serious impacts on ERP as well. Latest ERP now incorporates machine learning to make predictions on the basis of the statistical data model for future business’s decisions.
These systems are enabled to forecast future outcomes based on data collected prom different sources to provide deep insight to the businesses. In 2017 it is expected to have a more collaboration of machine learning with ERP system functionalities. This is going to provide predictive analysis and insights on the basis of historical data to predict key performance indicators such as sales growth and improved customer services.
Mobile ERP
Mobile ERP allows business owners to manage operations from their smartphones or tablet. To execute management and planning tasks of company executives now can do it through their mobiles. They like to receive immediate notifications of purchase orders, inventory updates, lead generation and shipment confirmation.
Mobile ERP is going to boom in 2017 as more and more companies are legalizing its potential. To access real-time data analytics from their mobiles sets or manage inventories where ever they are in the world is going to be quite easy now. Mobile ERP is breaking geographic limitations on business management. Greater Productivity, better data insight, quality of services and creation of valued relationships are cited the biggest benefits of ERP for businesses.
2016 was a remarkable year for ERP. 2017 is predicted to bring more from it with a new focus to optimize business management. These predictions are going to be the big trends for ERP this year.