Over the years, we’ve seen ERP software evolve to adapt to ever-changing business needs, customer anxiety, and enterprise technology innovations such as cloud, mobile and Artificial Intelligence (AI). Today, we may be as a totally different kind of ERP than what was sold twenty or thirty years ago. As we are in the midst of 2018, here are some of the most recent trends in Enterprise Resource Planning.
The Internet of Things (IoT)
The IoT is defined as the interconnection of data from devices that normally would remain disconnected from the Internet. Companies can gain valuable insights into how the ERP system performs with the IoT, like how and where the system is used. IoT know-how can improve accuracy and expand data availability, which gives rise to intelligent and much more flexible ERP systems as well.
What’s more, blending IoT data with ERP systems can add valuable information to bigger picture within an enterprise, for instance with the IoT, product shipments can be tagged with devices that report transportation time and current location information. As a result, manufacturers can use this information to better plan production schedules and plant locations.