A massive amount of data is being generated every day from the top sources such as web channels, IoT, companies servers, media etc. ERP software solutions gather a lot of enterprise data comprising HR, finance, CRM and other essential business functions of a business. What if, you can leverage this data and make your ERP functionality better. Big data analytics tools and ERP system when brought together have the capability to unfold valuable insights that can help businesses make smarter decisions. In fact, Big data analytics in ERP has an important role to play in enhancing ERP capabilities and get most out of the ERP system.
Moreover, it helps make sense out of unused information and also speeds up the whole decision-making process. The whole integration is an important step to go forward and lead in this competitive cut-throat business environment. Because making the right decisions quickly is very essential to survive in this competitive business market as well as smooth business functioning.
Role of Big data analytics in ERP systems
Many ERP systems fail to make use of real-time inventory and supply chains data. This happens mainly because these systems lack the intelligence to make predictions about products demands. In this situation, Big data tools can predict demand and help to determine what your company needs to go forward.
ERP systems manage all the business data and give you useful insights into the demand and supply equation. However, Big Data analytics can go beyond. They can forecast better about the demands and future needs. Not only data analytics tools help you determine the current consumer demands and behaviors but also predict how a product is going to perform in the future. This insight can only be seen by integrating both Big Data analytics and Enterprise Resource Planning systems in your business.
Big data and ERP in the long run
For the last few years, Big Data and Enterprise Resource Planning systems have produced good results working together. Advancements in big data tools have also made their integration a success.
Big data analytics in ERP applications can provide faster information delivery and reliable forecasting using tools like Hadoop.
Hadoop is a free distributed processing framework and is known to be the best tool for analyzing big data.
To conclude, Big Data and Enterprise Resource Planning (ERP) combo is currently being adopted to get the most of the ERP data to make business decisions better and efficient.