What’s Next For ERP Systems
2019 was the year of cloud ERP systems. On-premise ERP was no longer the go-to option, instead more and more businesses made the shift to cloud. We also saw ERP technology add a number of new technologies such as robotic process technology, artificial intelligence and blockchain. The momentum for growth and change is continuing into 2020 and many companies are seriously considering investing in the next generation of platforms. So what does that mean? What is next for ERP systems?
Digitalization seems to be a theme we expect to continue. Fortune 500 organizations, all the way down to small mom and pop businesses are now taking a harder look at ERP’s advantages. Because many organizations may be looking to implement an ERP system for the first time, we are going to see a spike in industry-specific platforms. Now that cloud is making ERP more affordable, these businesses are going to take the leap, but not without demands. Specialization will become increasingly important for ERP vendors as more companies expect solutions tailored to their specific industry requirements.
2020 is the year that businesses of all sizes will reap the benefits from innovation. Cloud-based applications will continue to grow, and the roll-out of new technologies such as artificial intelligence will also be on the incline. The wider availability of app-based functionality within ERP could mean a spike in business for ERP Consultants. Once you get into app-based functionality, it usually means more involved components.
It will be interesting to see what the future holds for ERP systems. What I do know is that Industry 4.0, big data, IoT and artificial intelligence are just the tip of the iceberg. If you haven’t yet taken steps to modernize your ERP environment, give us a call today. 2W Tech is an Epicor Gold Partner, as well as a Microsoft Gold Partner. We would be happy to discuss with you how Epicor in Azure can be a game changer for your business.