Skip to main content

What is Next-Generation ERP?

The transformation of ERP has led to the origin of what we call the “next generation ERP System.” ERP in its core is reaching operational excellence and process efficiency while keeping everything in real time as much as possible.
Earlier Deloitte declared, “The engine of ERP is the force behind many new technologies and is more ubiquitous, responsive, and more flexible than ever before.” The Next-Generation ERP systems are progressively integrating with new and emerging technologies such as:
  • Cloud
  • AI
  • Machine Learning
  • Internet of Things
  • Blockchain
The vision of ERP II is based upon the intelligent ERP systems built on a considerably big, curated data set to forecast, track, learn, route, analyze, report, manage and predict resources and financial and management processes. Next-Generation ERP is capable of analyzing and acting on a massive pile of data in real-time, using in-memory technologies and cloud-based techniques.

Comments

  1. Thank you for sharing this piece! It is very helpful and informative. Would love to see more updates from you.

    Melbourne Web Designer

    ReplyDelete

Post a Comment

Popular posts from this blog

Overview of WordPress and WP Engine

WordPress is an open-source content management system (CMS) that powers approximately 40% of all websites on the internet. It allows users to host their own instances or utilize managed hosting solutions like WP Engine. WP Engine is a prominent managed WordPress hosting provider that serves over 1.5 million customers globally, offering tailored solutions for businesses and agencies, including eCommerce and headless configuration. Recent Controversy Between WordPress and WP Engine Uncover the details behind the WordPress and WP Engine dispute—click to read more:  " Conflict Between WordPress and WP Engine " Key Issues The relationship between WordPress, led by Automattic CEO Matt Mullenweg, and WP Engine has recently become contentious. Mullenweg publicly criticized WP Engine, labeling it a "cancer to WordPress," primarily due to its practice of disabling the revision history feature in WordPress. This feature is crucial for data protection, allowing users to track c...

Office Workers Vs Remote Workers: Which one performs the best & Why?

The booming global industry has resulted in many small and medium-sized companies coming up, offering various goods and services, filling the demand gap in the market. As employment rises, companies are looking for solutions to tackle the rising expenses and are looking to cut back wherever possible.  In comes remote working; where employees can work from the comfort of their homes and companies can save on devices and infrastructure. This is where the topic of office workers vs remote workers arises. Let’s analyze which is the better among the two. Read More

3 Data Security Threats All Companies Face | Things to Consider in 2019

Cyber and Data Security Threats are the worst global threats today for businesses. Regardless of size, companies rely upon critical business data and sensitive information. Thus, companies need to be mindful of all potential risks to secure their networks in this new year. The  Cost of a Data Breach Study  (2018) by Ponemon with IBM Security’s sponsorship reports, a data breach’s average cost to be up by 6.4 per cent over its previous year to $3.86 million, globally. While the average cost for each stolen/lost record containing sensitive and confidential information also increased exponentially. Ransomware and Cybersecurity Vulnerabilities In 2019, ransomware will continue to be the main malware challenge for businesses and beyond. This includes Network Security threats and Software threats & vulnerabilities.  A  virus  is the first thing that comes across over minds with the term “Cyber Security”. Malware opens the door to all of your sensitive d...