ERP systems are continually evolving to become more powerful in the business software landscape. In today’s business world, deploying an ERP software has become a necessity for almost any kind of industry. In fact, ERP software field has witnessed several changes with the advent of mobile and other newer technologies over the last few years. Now, ERP systems are adapting to become more robust and easier to use. Let’s know about the latest ERP trends 2018 in this blog.
Latest ERP trends 2018 businesses should pay attention to :
1. Cloud ERP
Cloud ERPs has already become popular among businesses. The case with the traditional ERP applications is that they are stored on servers and there are upfront hardware costs. On top of that, there is hardware maintenance, upgradation, recovery, and data backup creation cost. Whereas SAAS based applications are stored on cloud servers. Cloud ERP applications are only needed to be managed. AS they are in the cloud, they are less costly to maintain and saves your money.
In addition to it, they are easier to update and provide better access to real-time information. The trends of cloud ERPs is going to go up in next three years based on reports.
2. Mobile ERP applications
The whole world is now want to work on mobiles. Mobility is turning into a mainstream technology. ERP applications on mobile allow its users and employees to access and share data no matter where they are. Seeing its impending popularity, ERP vendors are now focusing on to build extensions and add-ons to integrate mobility. This is one of the latest ERP trends in ERP industry that will go mainstream.
3. Hybrid ERP software solutions
One more trend that is emerging in ERP landscape is Hybrid ERP solutions. Cloud and on-premise ERP systems are the two choices which we generally think of. But do you know this? Hybrid ERP is the third option.
If you want to adopt cloud ERP, there is no need to get rid of on-premise ERP systems. Means, hybrid models offer an existing ERP system with integrated SaaS model (ERP on the cloud). It frees you from the struggle of building an ERP system from scratch.
With the introduction of cloud infrastructure, this hybrid functionality can be made possible. Many ERP vendors offer Hybrid ERP software solutions.
4. IoT (Internet Of Things)
The devices connected to internet having sensors embedded in it have great potential to help manufacturers. IoT has a significant impact on the businesses processes. This is because IoT technology can improve accuracy and expand data availability. So, IoT can give rise to intelligent and flexible ERP software systems. It will help manufacturers to manage assets in real time as machines or products will be equipped with sensors and tools on it. On top of that, these assets will become smart enough to pick up faults and pass on this information to ERPs.
Lastly, the knowledge about these latest ERP trends 2018 can help you to stay ahead of the game.