A while back we discussed some global business and IT trends that are slowly but steadily reshaping the ERP landscape. With our emerging economic climate, these trends are posing additional challenges for business and IT professionals who are struggling to improve profitability and retain IT agility.
Global market trends are creating the need for businesses to:
- Achieve operational insight and better decision making across the organization with faster, easier, and more pervasive access to relevant business information.
- Need for business agility to stay ahead of the competition and accelerate business growth.
- Reducing the cost of doing business by optimizing processes and driving productivity.
- Align business objectives with IT priorities and investments to ensure that IT systems and tools are enabling and supporting strategic business priorities and that they address changing business needs.
At the same time, shifting IT trends are creating the need to:
- Increase ERP adoption and access to ERP data across a broader subset of the workforce.
- Reduce IT operational costs by investing in systems that are more flexible and scalable, and simpler to configure, maintain, and upgrade.
- Put solutions in place that enable broad business strategies, and that enable IT to respond quickly to specific line-of-business (LOB) requests and industry needs.
When you frame this discussion with the research conducted by Forrester in 2010 detailed in our article, Key Challenges Companies Face with ERP Solutions, you can see how the needs produced by market and IT trends are affecting customers’ expectations of their ERP application.
Today’s world is increasingly flattened by technology, global complexity and new global competition - making it critical for a business to be able to rapidly see and react to signals, threats and opportunities. Going one step further, in this world where the pace of business accelerates, imagine being able to anticipate rather than react to those signals. Success today and tomorrow increasingly depends on information insight and efficient business processes.
So what would the next generation of ERP look like? See for yourself!