ERP Insights >> Magazine >> March - 2016 issue
Business Intelligence Trends that will be Industry Game Changers
Author : Sheejo Arvind, LoB-Customer Engagement and Commerce
Sunday, April 3, 2016
Within every industry, every large or small & medium scale organization worth its salt needs an enterprise resource planning solution to automate and optimize its operations; this is a valuable investment since it brings in,
1.Transparency, governance and audit into key processes helping to reduce fraud
2.Automatically links Sales, Materials management, Production Planning, Logistics, Service delivery to optimize and lower the cost of production and logistics
3.Links sales order process to receivables to manage credit and enforce credit policies
4.Automates the order payment processing to reduce the inherent costs to ensure a positive cash-flow within the organization
However, these are benefits which every ERP solution delivers and provides so what would help an ERP to differentiate itself against other solutions that exist in the market?
ERP is now integrating operational analytics into every core transactional process, which undertaken by an organization.
For instance, imagine an operational analytic consuming data across various silos, HR, MM, PP, FI, CO, SD available to you as dashboards and help you take a decision on place - the order or up-sell, cross-sell, or provide necessary discounts. To close the sale available within the transactional process itself, this will help the organization as a whole to become more productive and deliver significant value to both the organization and the customer.
This will bring in the dynamism required by each individual within the organization, hence, judiciously engaging with customers, suppliers, or partners in key transactional scenarios and lead to higher levels of productivity for every individual.
7 Business Intelligence & Analytic Trends That Will Offer Organizations Innovative Platforms
Trend #1: Cost of deploying an ERP infrastructure reduces due to PAAS, IAAS, SAAS approaches - The manner in which an ERP system is configured is changing. Gone are the days when an ERP deployment used to take a year or more. This leads to a steady increase in the ability of organizations to focus on improving their operations by analytics.
Trend #2: Customers new evaluation has the UI and the analytics as a key component- We are increasingly seeing customers request for a simpler and more visually functional UI rather than cluttered information that earlier ERP solutions were known for. With ERP embracing in-memory platforms, contextualizing the UI for specific core operations, and embedding analytics into the transactional processing realm, the customers are breathing a sigh of relief, and business is clamoring for such solutions.
Trend #3: Analytics is no longer about reporting on past data- Customers now are well versed on the difference between reports and analytics. They are demanding a higher level of differentiation on what they want as an analytic and how they will consume and act on this information. As we move forward, analytics embedded into transactional processes will become mainstream and will be the new gold standard in s/w and s/w deployment.
Trend #5: Silos of analytics will no longer exist- No longer will analytics be just about a specific silo, rather with the new age of platforms, the paradigm of collective insight will gather momentum and tear down the siloed set of analytics and provide decision making dashboards in context of the transaction.
Trend #6: Business users will no longer rely on status quo- Every business user will be required to improve his productivity reducing the cost of operations. There will be demand of daily visibility into tracking how his daily operational process is impacting the organization and then decide on how he needs to improve this. This could be done with a thorough understanding of the business value model for the organization and its impact. Thus, leading to ERP is both a transactional system and a display of operational analytics to display the health of the organization in real-time, during each transaction.
Trend #7: The boardroom of the future- Directional KPIs will now reside on every business user�s transactional context, thus, driving productivity and reducing costs by helping each business user to take the necessary decision to deliver business value to the organization.
Business Intelligence Trends that will be Industry Game Changers
Author : Sheejo Arvind, LoB-Customer Engagement and Commerce
Sunday, April 3, 2016
Within every industry, every large or small & medium scale organization worth its salt needs an enterprise resource planning solution to automate and optimize its operations; this is a valuable investment since it brings in,
1.Transparency, governance and audit into key processes helping to reduce fraud
2.Automatically links Sales, Materials management, Production Planning, Logistics, Service delivery to optimize and lower the cost of production and logistics
3.Links sales order process to receivables to manage credit and enforce credit policies
4.Automates the order payment processing to reduce the inherent costs to ensure a positive cash-flow within the organization
However, these are benefits which every ERP solution delivers and provides so what would help an ERP to differentiate itself against other solutions that exist in the market?
ERP is now integrating operational analytics into every core transactional process, which undertaken by an organization.
For instance, imagine an operational analytic consuming data across various silos, HR, MM, PP, FI, CO, SD available to you as dashboards and help you take a decision on place - the order or up-sell, cross-sell, or provide necessary discounts. To close the sale available within the transactional process itself, this will help the organization as a whole to become more productive and deliver significant value to both the organization and the customer.
This will bring in the dynamism required by each individual within the organization, hence, judiciously engaging with customers, suppliers, or partners in key transactional scenarios and lead to higher levels of productivity for every individual.
7 Business Intelligence & Analytic Trends That Will Offer Organizations Innovative Platforms
Trend #1: Cost of deploying an ERP infrastructure reduces due to PAAS, IAAS, SAAS approaches - The manner in which an ERP system is configured is changing. Gone are the days when an ERP deployment used to take a year or more. This leads to a steady increase in the ability of organizations to focus on improving their operations by analytics.
Trend #2: Customers new evaluation has the UI and the analytics as a key component- We are increasingly seeing customers request for a simpler and more visually functional UI rather than cluttered information that earlier ERP solutions were known for. With ERP embracing in-memory platforms, contextualizing the UI for specific core operations, and embedding analytics into the transactional processing realm, the customers are breathing a sigh of relief, and business is clamoring for such solutions.
Trend #3: Analytics is no longer about reporting on past data- Customers now are well versed on the difference between reports and analytics. They are demanding a higher level of differentiation on what they want as an analytic and how they will consume and act on this information. As we move forward, analytics embedded into transactional processes will become mainstream and will be the new gold standard in s/w and s/w deployment.
Trend #5: Silos of analytics will no longer exist- No longer will analytics be just about a specific silo, rather with the new age of platforms, the paradigm of collective insight will gather momentum and tear down the siloed set of analytics and provide decision making dashboards in context of the transaction.
Trend #6: Business users will no longer rely on status quo- Every business user will be required to improve his productivity reducing the cost of operations. There will be demand of daily visibility into tracking how his daily operational process is impacting the organization and then decide on how he needs to improve this. This could be done with a thorough understanding of the business value model for the organization and its impact. Thus, leading to ERP is both a transactional system and a display of operational analytics to display the health of the organization in real-time, during each transaction.
Trend #7: The boardroom of the future- Directional KPIs will now reside on every business user�s transactional context, thus, driving productivity and reducing costs by helping each business user to take the necessary decision to deliver business value to the organization.
1.Transparency, governance and audit into key processes helping to reduce fraud
2.Automatically links Sales, Materials management, Production Planning, Logistics, Service delivery to optimize and lower the cost of production and logistics
3.Links sales order process to receivables to manage credit and enforce credit policies
4.Automates the order payment processing to reduce the inherent costs to ensure a positive cash-flow within the organization
However, these are benefits which every ERP solution delivers and provides so what would help an ERP to differentiate itself against other solutions that exist in the market?
ERP is now integrating operational analytics into every core transactional process, which undertaken by an organization.
For instance, imagine an operational analytic consuming data across various silos, HR, MM, PP, FI, CO, SD available to you as dashboards and help you take a decision on place - the order or up-sell, cross-sell, or provide necessary discounts. To close the sale available within the transactional process itself, this will help the organization as a whole to become more productive and deliver significant value to both the organization and the customer.
This will bring in the dynamism required by each individual within the organization, hence, judiciously engaging with customers, suppliers, or partners in key transactional scenarios and lead to higher levels of productivity for every individual.
7 Business Intelligence & Analytic Trends That Will Offer Organizations Innovative Platforms
Trend #1: Cost of deploying an ERP infrastructure reduces due to PAAS, IAAS, SAAS approaches - The manner in which an ERP system is configured is changing. Gone are the days when an ERP deployment used to take a year or more. This leads to a steady increase in the ability of organizations to focus on improving their operations by analytics.
Trend #2: Customers new evaluation has the UI and the analytics as a key component- We are increasingly seeing customers request for a simpler and more visually functional UI rather than cluttered information that earlier ERP solutions were known for. With ERP embracing in-memory platforms, contextualizing the UI for specific core operations, and embedding analytics into the transactional processing realm, the customers are breathing a sigh of relief, and business is clamoring for such solutions.
Trend #3: Analytics is no longer about reporting on past data- Customers now are well versed on the difference between reports and analytics. They are demanding a higher level of differentiation on what they want as an analytic and how they will consume and act on this information. As we move forward, analytics embedded into transactional processes will become mainstream and will be the new gold standard in s/w and s/w deployment.
Trend #5: Silos of analytics will no longer exist- No longer will analytics be just about a specific silo, rather with the new age of platforms, the paradigm of collective insight will gather momentum and tear down the siloed set of analytics and provide decision making dashboards in context of the transaction.
Trend #6: Business users will no longer rely on status quo- Every business user will be required to improve his productivity reducing the cost of operations. There will be demand of daily visibility into tracking how his daily operational process is impacting the organization and then decide on how he needs to improve this. This could be done with a thorough understanding of the business value model for the organization and its impact. Thus, leading to ERP is both a transactional system and a display of operational analytics to display the health of the organization in real-time, during each transaction.
Trend #7: The boardroom of the future- Directional KPIs will now reside on every business user�s transactional context, thus, driving productivity and reducing costs by helping each business user to take the necessary decision to deliver business value to the organization.
