Epicor Recognized Again in Gartner’s 2024 ERP Hype Cycle
Epicor has been recognized as a Sample Vendor for the 10th year in a row in the 2024 Gartner® Hype Cycle™ for ERP. ERP solutions are essential for monitoring key business processes and fostering innovation and improvement. Gartner’s ERP Hype Cycles offer a visual representation of the maturity and adoption of technologies, helping businesses make informed investment decisions based on the technology’s evolution.
Epicor’s consistent recognition highlights its role across ten different Hype Cycles, aiding consumers in understanding the ERP landscape. The Hype Cycle phases include:
- Technology Trigger: An innovation generates significant interest.
- Peak of Inflated Expectations: Overenthusiasm leads to mixed outcomes.
- Trough of Disillusionment: Interest declines as expectations are not met.
- Slope of Enlightenment: Deeper understanding leads to practical applications.
- Plateau of Productivity: Widespread adoption and stable methodologies.
This recognition in the ERP and Finance AI and Advanced Analytics reports underscores the value of AI-enabled ERP and composable strategies in driving enterprise efficiency and competitiveness. Transformational technologies like Generative AI enhance business processes by providing immediate insights and automating tasks, while cloud adoption and AI turn data insights into actionable strategies.
ERP systems play a crucial role in coordinating essential business functions. Leaders should choose ERP solutions rooted in best practices and industry insights to optimize growth and efficiency. Emerging technologies continue to redefine business processes, and Gartner Hype Cycles provide a balanced perspective to help businesses discover the best solutions for their needs.
“Setting foundational AI-enabled functionality while furthering agile and composable business strategies keeps application leaders engaged to shape an evolving ERP strategy. Composable ERP strategies — ERP application strategies that combine various technologies to deliver adaptive, resilient, and value-enabling business capabilities — therefore remain a focal point in their strategic roadmaps. This development solidifies the importance of an ERP strategy focused on business value creation through foundational and sometimes differentiated capabilities.” – Gartner Hype Cycle for ERP, 2024
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