The modern business environment is changing, becoming more\u2026 fluid, and ERP technology is following the new, emerging trends. Let\u2019s take a look at the most significant ones.<\/p>\n
Artificial intelligence enables ERP systems<\/strong> to execute tasks that would normally require human intelligence, in order to resolve complicated problems. Artificial intelligence can be used in a variety of scenarios and will reduce the effort and expenses related to processes and operations, thus offering increased productivity and resource savings<\/strong> in general. It would not be an exaggeration to say that artificial intelligence may prove to be the most disruptive technology<\/strong> in human history.<\/p>\n What is Big Data and why is it so important? In short, Big Data enable businesses to analyse a vast volume of data in order to identify patterns, trends and correlations. Until recently, executives had to rely on financial analysts, for example, for macroeconomic reports. Big Data offers executives the ability to better monitor even the smallest changes in their business. As a result, businesses can identify new sales opportunities, revenue trends or customer requirements<\/strong> for new product applications. ERP vendors<\/strong> have now realized that they should provide Big Data to their customers in order to remain competitive.<\/p>\n IoT is a process where all everyday \u201cthings\u201d are connected to a network and thus, are able to send and receive data. Given that the estimated number of IoT sensors will amount to 50 billion by 2020, while \u201cthings\u201d themselves will amount to 200 billion by 2030, the businesses specialized in IoT will become part of one of the biggest industries. This means that there will be unavoidable challenges in terms of integrating and analysing big data<\/strong>, while the monetization of these sensors and applications will become the battle field for businesses. ERP vendors with a flexible inventory management<\/strong> will be able to provide their customers with opportunities for new revenue sources.<\/strong><\/p>\n The quicker a business makes the transition from theory and creative processes to deployment and adoption, the easier it will achieve disruption in markets and business models. For ERP vendors, this means simplified and straight forward applications that support end users, as well as speedy and simple deployment. End users need an interface that offers speed and precise data entry wether they are in the office or using mobile apps<\/strong>. Their business customers require direct customization of their ERP systems<\/strong>, combined with a cost-effective installation<\/strong>, and not lengthy and expensive deployment processes.<\/p>\n","protected":false},"excerpt":{"rendered":" The modern business environment is changing, becoming more\u2026 fluid, and ERP technology is following the new, emerging trends. Let\u2019s take a look at the most significant ones. The role of artificial intelligence Artificial intelligence enables ERP systems to execute tasks that would normally require human intelligence, in order to resolve complicated problems. Artificial intelligence can … Continue reading The latest trends for ERP<\/span><\/a><\/p>\n","protected":false},"author":11,"featured_media":16181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[101],"tags":[141,161],"_links":{"self":[{"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/posts\/16171"}],"collection":[{"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16171"}],"version-history":[{"count":2,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/posts\/16171\/revisions"}],"predecessor-version":[{"id":17634,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/posts\/16171\/revisions\/17634"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=\/wp\/v2\/media\/16181"}],"wp:attachment":[{"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.softone.com.cy\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The role of Big Data (BD)<\/h2>\n
The role of Internet of Things (IoT)<\/h2>\n
The role of innovation<\/h2>\n