INTELLIGENT ERP
Need from Their ERP Systems , “ IDC ’ s Digital Transformation Executive Sentiment Survey found that the top three benefits companies have received are productivity improvements , cost efficiencies , and process cycle times , seeing average improvements of 16 – 18 % across all three areas ”.
Digitally transformed enterprises see eight times more revenue and two times more profitability , according to IDC ' s Digital Transformation Survey . “ Similarly , small and medium-sized businesses that transformed are more likely to report double-digit growth and higher profitability .”
As per a report published by Allied Market Research , the global ERP software market is expected to reach $ 78.41 billion by 2026 .
Rachita Rake , a Research Analyst , ICT at Allied Market Research , stated : “ Increase in demand for operational efficiency and transparency in business processes , surge in adoption of cloud and mobile applications , and surge in demand for data-driven decision-market have boosted the growth of the global ERP software market .”
Intelligent ERP makes for smart business After the sudden shifts in consumer behaviour and market dynamics , organisations worldwide have begun to redesign business models and , ever more urgently , continue down the path of doing more with less . Those who will be successful will challenge the status quo and tap into new markets before their competitors .
Intelligent , hyperconnected ERP can help with that , providing the opportunity for a step-level change by leveraging machine learning , algorithms , data science , advanced analytics , and real-time data to better predict , track and analyse , and allow for betterinformed decision making . An assistive interface that improves the user experience
provides actionable data that allows for the optimisation of resources . Moreover , it can shorten time to market and improve service levels .
Intelligent ERP gives you the visibility and foresight you need to respond to realworld conditions . Today ’ s big tech can predict weather patterns and provide an alternative route , give immediate warning upon a shipment delay and , finally , improve forecasting by managing massive data sets and identifying trends humans simply aren ’ t capable of . And that is just the tip of the iceberg .
Industry 4.0 is a game changer , and Intelligent ERP is behind the wheel . The result is improved business performance - but not without the right people or processes .
108 April 2021