Next Decade ERP (Enterprise Resource Planning) Systems

What technologies affect to next decade ERP systems

• Mobile Technology
• Artificial Intelligence
• Machine Learning
• Cloud technology
• Blockchain technology
• Augmented Reality and Virtual Reality Technologies
• Business Intelligence Tools
• Big Data analysis
• Information Security
• Customer Engagement

How Mobile technology will improve next decade ERP systems 

Mobile technology will growing very fast, sophisticated mobile devices are coming to the market daily with more memory, storage and high processing power. Its open opportunities to business world to make day today operation efficiently and effectively. traditional manual works, lengthy process can eliminate with  technologies. distance is not a problems at now. remote based working, home based working, virtual office concepts are more interesting.

Challenge to the ERP developers in next decade how develop their ERP systems embedded with mobile technologies. access ERP system through mobile devices, software compatibility with different platforms.  eliminating lengthy sequential process, reducing paper usage , etc.

 

How artificial intelligence (AI) technology can improve next decade ERP systems 

AI technology can use for next decade ERP systems in various areas, automatic frauds detection, abnormal transactions can monitor through the AI technology. Inventory control and management, how to maintain optimum stock control, Inventory age handling, Data manipulation, unauthorized data access, some of the areas. Also can eliminate additional manual checking, approvals etc.

Machine learning how can improve next decade ERP systems

Machine learning can be used in root cause analysis. to determine any problems, forecasting demand , inventory, etc. quality control check, continuous process improvements, stock and sales management. Automatic fraud detection, improve user friendliness on ERP systems,

Cloud technology

To Access ERP system from m different platforms having commonly access database is very important.  through mobile devices and different geographical locations accessible solution is cloud database system. It support to world wide through internet access. 

some companies worry about keeping data and information outside the organization consider as security risk. when there is an incident organization does not have full controls to own datasets. projecting data need extra volume of effort.

 Blockchain technology

Integration of blockchain technology to the ERP systems provides significant value and security. easily can integrate ERP system with outside parties, suppliers, customers, 

Its chain of blocks that stored records that are not controlled by any authority. 

Augmented reality and Virtual reality technology

Augmented reality gives additional digital value to the real environment. ex super market in other than to basic details on goods, can see manufacturing year, supplier, nutrition values etc. 

this technology can use in next decade ERP systems to improve user friendliness, effectiveness and productivity.

Virtual reality  generate virtual environment  totally differ from physical environment. employee training sessions, information dashboards can provides in future ERP systems. Virtual office environment designing, Interface designing can use these technologies in next decade ERP systems.

Business Intelligence Tools

Just providing information and data not enough for the next decade ERP systems, customers expect more comprehensive, summarized and dynamic data sets for very fast decision making.  Next decade businesses are more competitive and technology driven, those who absorbed technology benefit to the business first won the game.   Just preparing systems reports, excel data analysis, writing queries on requirement basis is not enough for future demand.  

Management expect analytical tools, quick and easily customized and see the real picture while their on decision making sessions. more graphically represented charts, graph, pictograms. Next decade ERP systems must be integrated with those features and sophisticated features to me customer demand. 

Big Data Analysis

Every second there will be a data storing in todays business organizations. thousands of transactions are stored in databases. ERP systems capture transaction details stored in databases, process and stored in databases, generate reports and stored in databases, who are going to do analysis these data and information?

Organizations spend money to buy hardware resources, software applications, hire skilled employees and running their ERP systems up to date.  Analyzing these data have huge advantage to the organization, forecasting, decision making, pattern recognition, continuous faults, wasting some of the areas. Next decade ERP systems should integrated with big data analytical tools complete with future trend.

Information Security

Organizations will growth, data volume increased, access points will increase, access methods will increase. all these steps will open security risk to the organization. Organization data values for the competitor, new comer to the industry, researchers, data analyst. protecting data and information is big challenge on next decade ERP systems.  Keeping up to date security updates, protecting unauthorized access, identify new threats is should do continuously. Basic data access control methods are not enough for the next decade ERP systems

Customer Engagement

Todays ERP systems are isolated, running within the organization, Integration with outside systems are not online, sometimes may be through text file or one way access controls. but future people need more comprehensive end to end solutions, customers, organizations, suppliers, government all are link together and working as a single system. It increase product effectiveness and productivity. 

Next decade ERP systems not use only the employees, It may used by customers, suppliers, government,  competitors etc. customers expect more engaged systems than the traditional receipt printing systems. todays customers will get manual documents and satisfy, but in future they expect interactive dynamic update regular basis.