Traditional ERP companies are beginning to offer real-time analytics, with an intent to help companies leverage data even on mobile phones. Traditionally, ERP systems have always been focussed on records and not enough emphasis was on the value of the information consisting in those records.
Cloud Delivery and Mobile Accessibility are increasingly becoming baseline expectations in ERP conversations today. Organisations are now beginning to turn to ERP solutions providing real-time analytics to help decision-makers leverage data at every stage in their business cycle, according to Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research.
The industry is also seeing early signs of adoption of cloud-based ERP along with increased adoption of IoT sensors, machine learning and advanced analytics. “This can potentially help organisations leverage Manufacturing-as-a-Service: a model which enables organisations to pay only for the time they use a factory”, said Anshoo Nandwaani, VP & Principal Analyst at Greyhound Research.
“While traditional ERP players like Oracle, SAP, Microsoft currently own a lion’s share of the global ERP software market, there is no denying that they are under pressure. Nimble and Agile players like Eplicor, Intacct, Ramco among others, who offer SaaS ERP systems are proving to be formidable competition,” said Gogia.