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How demand forecasting is resolved with ERP
Since the time ERP first emerged, it has gone through several stages, with platforms becoming much more complex and functionally efficient, integrating innovative technologies along the way. This has led to the development of many different ERP systems in various industries and most importantly, in the predominant place cloud ERP systems hold today. As to what the future holds…
More ERP users in the cloud
Already in 2019, there was an increasing number of enterprises and end-users migrating to the cloud. The benefits in terms of cost and time efficiency are now more than evident, enabling businesses to enjoy the offerings of an integrated system with minimum resource requirements. It is estimated that the cloud-based solutions market will reach 411 billion dollars in 2020.
The significance of Artificial Intelligence
AI services have an impact on all aspects of business operations. Machine learning will revolutionize ERP, helping businesses to achieve a higher level of automation, while at the same time, eliminating the waste of human resources. Furthermore, robotic process automation (RPA) is continuously gaining ground. Whereas older systems focused on specific processes, RPA offers more productive outlets.
The potential of blockchain
Blockchain is already applied to a wide range of enterprise software solutions, and the same is expected to happen in the case of ERP as well. Blockchain offers one of the safest platforms for transaction processing, even though it is still in the early stages. The future of ERP is certain to include blockchain, as there are certain organizational operations that can become much more effective thanks to this technology.
Supply chain management and customer acquisition, in particular, are expected to become more active with blockchain. Many businesses, where product delivery and tracking are of vital importance, have already started using blockchain-to-ERP integration services.
Even more updates
As the current trend for more ERP solutions will become established, the number of updates will increase further. This means that businesses will have to be prepared, in terms of their personnel, as they will no longer be able to rely on older versions for long, which inevitably entails investing in personnel training and skill improvement. And this is where mobile ERP solutions will prove useful once more.
