Computer Weekly will have it be known; ERP is dead. But as we kick-start 2019, businesses of all shapes and sizes are still including enterprise resource planning in their IT budgets and company planning. What gives? Enterprise Resource Planning (ERP) has been growing at a rate of 6.9%, and forecasts indicate that growth across the ERP software space is not likely to slow down in 2019 - Reuters are reporting that the global ERP software market will grow to £38bn by 2022.
But, what are the drivers behind the growth?
Which areas are predicted to show the biggest growth and, therefore, benefit to the user? Let's explore the trends:
1. Automation & Integration
We have all heard about Internet of Things, big data and analytics and how they are going to affect the way we work; in fact, Business Insider estimates there will be 24 billion IoT devices installed on Earth by 2020.
With 2020 fast approaching, I believe 2019 will be a big year for changes to the way we work powered by technology.
Factory floor machines across the manufacturing sector are becoming increasingly automated; whether in food, discrete or process manufacturing.
And why are manufacturers investing in more automation? To reduce headcount and increase production capacity.
The natural evolution is to take the information generated from these machines and feed them back to give real-time automated insights, that help manufacturers make quick business decisions based on up-to-date facts.
Automated and integrated, this flow of information can give significant improvements in quality and cost savings with much less manual intervention, particularly when collecting data.
Thinking of implementing a trend within your business? Make sure it's right for you:
2. Mobility and Flexibility
Mobility and Flexibility of the workforce is here already for many of us.
The ability to access our key business solutions wherever we are is becoming more and more important to employees.
Nobody wants to be tied to a desk anymore and there really is no reason to be. Mobility solutions operate on all of the most common operating systems, giving your employees the ability to use their smartphones or tablets to access their systems.
Add to this the efficiency gains that the use of mobile scanners and barcode readers bring, you really can see why you don’t need to be tied to the desk.
Your employees live an increasingly digital lifestyle, introducing mobile solutions gives them the ability to work the way they want, at the times they need. After all, happy employees make productive employees.
3. Transparency and Sustainability
The changing face of the workforce and the evolution of the customer present new challenges that can only be addressed with an ERP solution that evolves.
Customers now demand 24-hour buying, with the ability to see and order what they want whenever they want.
Transparency is necessary not only in terms of the purchasing process via the delivery cycle but also in terms of keeping the customer informed the whole time.
Fully integrated eCommerce solutions for both B2B and B2C solutions gives suppliers the competitive advantage they are looking for, exceeding customer expectations and creating loyal customers for life.
With the advent of Evergreen updates, the days of the expensive, long-winded, risky upgrade process are becoming a thing of the past.
Sustainability of your ERP solution is becoming an increasingly important topic of conversation. The trend towards Evergreen solutions give you the knowledge that your solution will always be operating on the right updates, with the right security - giving you the competitive advantage you need.
Interested in finding out about the advantages Evergreen can provide? Download our comprehensive guide to Microsoft’s Evergreen Updates below.