ERP Insights >> Magazine  >> September - 2019 issue

Insights of the ERP Arena

Author :
Tuesday, May 12, 2020

Potential of Cloud ERP Cloud computing has overwhelming benefits for business agility through rapid provisioning of technology infrastructure, and equally rapid deployment of new applications that can drastically compress the cycles and reduce the capital expenditures associated with the digitization of business. With the cloud, you go from whiteboard ideas to proof-of-concept to operations at scale with less capital investment and time. For your strategic Enterprise Resource Planning (ERP) investments, you must have a complete picture of available cloud layers�IaaS, PaaS, and SaaS. Where would you like to ultimately land? What does the journey toward realizing the benefi ts of cloud involve? We deliver value along two complementary vectors. First are tools to modernize the data centre operations associated with ERP quickly addressing areas such as proof of concept, dev/test, and production workloads on the cloud. Second and the most exciting is the potential to reimagine business with the ability to employ new digitized business functions and processes.

In the past, there was a push to make every process best practice and to run the same out-of-the-box ERP. Now we embrace best practices that enable rapid flexibility to provide differentiation to the business. The ERP platform en-compasses unifying core principles that need to be there, and we believe it needs to support the inclusion of micro-services or cloud-based offerings through platform extensibility. This is the equation that maximizes the benefit and the value to customers.

Harnessing Business Intelligence and Ana-
lyrics Business intelligence and analytics features are becoming standard functions in ERP systems. Initially, deployment challenges were about philosophy and technical operational approaches to capturing, storing, modelling, and interfacing data.
Today, the question is how the massive amounts of data we capture and the store can be used to their full benefit inside of the ERP process flow. Can we make a form with �real-time� big data analytics accessible to all potential users as they perform daily tasks while reducing human interaction with the system to exceptions? How do we support that with a view into the data that is rich yet readily understandable?

There is a growing need for deep analytics and data science. But we are also increasingly seeing that the big data and analytic function can and should be operationalized by contextually targeting the right data set to a user�s persona, their location, and the business process to facilitate improved business performance at the point of the process. The good news is that this evolution is gaining momentum due to a maturing set of technologies within ERP.

Foraying Deeper with Innovation
We can facilitate broader use of ERP
through cloud computing, a new
UX, and technologies that take ERP
from being a tool of the back-office
power user to becoming a platform
that supports a fabric of digital interaction
among employees, the value chain, all �resources�, as well as the products or services that the company delivers.

Organizations are still not leveraging
resource interactions to their
advantage. Many users �write things
down� in the context of business transactions; then transfer that paper to
someone else, or manually input the
information later. This process is error-prone, inefficient, and often too
slow for strategic decision-making.
This approach limits the ability of
the business to become a data-driven,
digital enterprise.

Today, we are at an inflexion point
where we have new and mature technologies
that can facilitate digitization
of information. ERP now enables innovation
by being the heart of a truly
digital business.

The Road Ahead
Mobility connects your employees in
any location with your company�s ERP
backbone. It is essential to take ERP beyond
the back office to the actual point
of the business process with lightweight
solutions on any mobile device with an
intuitive User Interface (UI) to simplify
user interactions.

Internet of Things (IoT) opens
up ERP to its largest user community extending digital connections beyond
people to resources�nodes of places
and devices. Machine-to-machine
process digitization leads to realtime and more frequent data capture with improved data accuracy. Moving from reactive to proactive process management gets users� hands off the
keyboard, allowing machines to drive commodity processes while human users
focus on exceptions augmented by data visualization.

Wearables provide heads-up, a hands-free engagement that keeps employees connected and productive in the midst of operational tasks.
Cognitive and learning technologies process natural language inputs and inquiries, and develop and communicate insights based on unstructured and structured data.

Role of CIOs
Modern technology enables us to do more than support a legacy business as it was configured decades ago. It allows us to become catalysts to business reinvention. This is not about technology for technology�s sake�business core values can now be shaped and defined by technology. If you do not view
data and information asking, you put your business at a disadvantage. The CIO has a unique opportunity today to not only provide a vision for business but also provide predictive analytics to lead the way in a rapidly changing and unknown future. You should not shy from this role�grab the opportunity.The ultimate success of the business depends on it.

Ushering in Affordability
You have more control over the costs
associated with ERP today as well
as degrees of freedom. Use the approaches
and technologies we have to categorize, reposition, defer, and manage costs. A simple use case involves taking your ERP associated dev/test environments to the cloud. Leveraging the cloud�s agility and elasticity gives you profound control over your cost structure. You still need to look at what you are trying to accomplish with ERP and associated technologies as a strategic investment. Engaging in a pure cost avoidance strategy can leave you behind your competition as other businesses embrace digital transformation. The answer lies in
the unique choices you make to map technology to your unique business strategy and vision.

Augmenting Value
Pay attention to the outcome customers
want. Align ERP with digital technologies
that support a customer�s experience
beyond the support of internal processes and productivity. Customers want a solid ERP core, but also need to be empowered to flex for their business. An ERP platform creates extensibility from the back-end operations to
the glass. We deliver a modern platform
and provide a foundation for personalization,
coexistence, and integration to the cloud. These choices multiply the options our customers have for sourcing, deploying, managing, configuring, and using ERP. Companies derive more value from their ERP implementations as they increase their digital footprints, enable smarter agile business processes, and adjust and react in
real time to meet the expectations of
their customers.

Facebook