The ERP is constantly evolving day by day offering different aspects and advantages to organisations to leverage the trends in one or the other way. As the business trends are progressing, there is a need for more diversified and capable features that can boost both sales and operations for the organisation. This blog features some of the best breakthroughs and updates of the industry in September 2020.
SIEMENS Collaborates with SAP for Industrial Transformation
The SIEMENS network along with SAP has planned to come together to innovate in the ERP space by leveraging the software proficiency and expertise to drive industrial transformation. As a combination of products to drive growth in asset management, resource planning and management solutions, the partnership will offer numerous advantages to the businesses and enterprises with solution-oriented ERP systems capable of solving large scale business challenges.
Industry 4.0 to Bring Revolutionary Changes to ERP Ecosystem
The Industry 4.0 revolution aimed at offering exponential growth through the digital-centric systems also aims to boost the ERP ecosystem by integrating next-generation solutions for the businesses. As per the subject matter experts, it fosters an ecosystem where ERP is just not about changing or replacing the existing ways of the back-office system but it enforces features to harness the capabilities of data analytics, automation and artificial intelligence for businesses. Industry 4.0 empowers organizations to become more productive by utilising these next-generation ERP trends backed by cloud-based software systems.
ERP & IIOT Trends to Re-Transform Food Businesses
The IIOT referred to as Industrial Internet of Things is a new buzzword in the ERP industry as it offers numerous advantages to food businesses to transform their business models and approaches by utilising the benefits of ERP system. From packaging to product delivery, using ERP combined with IIOT can help businesses deliver more during the tough times of COVID scenario. It can also ensure safety standards by integrating a holistic approach of enterprise resource planning and monitoring to deliver enhanced benefits to both consumers and organisations in a safer way.
Accenture Federal Services to build cloud-based ERP Infrastructure for U.S Air Force
The Accenture Federal Services, a subsidiary firm of Accenture has won the contract for the U.S Air Force to develop cloud-based enterprise resource planning infrastructure to facilitate operations and strengthen resource planning. The contract worth $89.5 million will foster U.S Air Force to get equipped with the latest technological advancements under this deal.
Education ERP Market Booms amidst Coronavirus Crisis
As the coronavirus has impacted the majority of industries, it is anticipated that the adoption of digital mediums in education will boost the ERP adoption in edutech industry. Segmented by on-premise and cloud-based system, the use of ERP systems for such organisations will help in easing the resource planning and will drive more productivity. After lockdown, most of the schools and colleges are delivering lectures online and it is the intense need for edutech companies to invest in ERP systems to manage the operations efficiently.
ERP Softwares to Drive Increase in Global Spend in IT, Says Gartner
Leading research firm Gartner has released a report stating that the ERP Software particularly backed by cloud-based applications will influence the overall spending in IT infrastructure. This will increase global spend contributing to 3.2% jump as compared to previous years. It is an interesting fact to know that ERP software market is progressing quite well as compared to other sectors in the IT industry.
These recent developments give us a positive outlook into the ERP industry benefiting the organisations to contribute towards industrial growth. We hope that this news roundup gives you interesting insights into the latest news in the industry.