“In today’s marketplace, not only is the Amazon Effect in full force — requiring rapid deliveries and quick, data-driven decisions — but disruption abounds” said Lisa Anderson, President of LMA Consulting Group, Inc. a senior supply chain and operations executive.

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Investing in ERP software to streamline your workflows, save money and boost productivity is wise. Buying into new technological ERP trends to centralize operations and earn an edge over your competitors is wiser.

To sate our curiosity and inform readers, we spoke with several SME thought leaders to gain their thoughts about the future of ERP and understand common pitfalls when shopping for the latest technologies.

Key Takeaways

  • One common mistake when browsing for future trends in ERP includes falling for the hype and allure of new technology.
  • Although AI is sweeping numerous industries, it can provide misleading data and showcase vulnerabilities.
  • Business intelligence, business analytics and predictive analytics provide insights into internal and external factors you’d miss otherwise.

Top ERP Trends for 2024

Here are eight future trends in ERP to keep an eye on.

  • Cloud Deployment
  • The Internet of Things (IoT)
  • Mobile ERP
  • Two-Tier ERP
  • Artificial Intelligence (AI)
  • Industry-specific ERP
  • Digital Transformation

Click here to read more.

 

Published in Select Hub on Dec. 18, 2019