Over the past 2-3 years big data has evolved and organizations now extensively use such data to take precise and accurate decisions regularly. Large organizations need special software applications to transform the data into usable information. In such cases the organizations employ Enterprise Resource Planning software applications.
Big Data & Enterprise Resource Planning
An ERP system exists in medium to large scale enterprises and with businesses that are either multinational or global. Such organizations need updated relevant data at their disposal to make split second decisions that are accurate and yield a positive result whether it is related to human resource, marketing, sales, finance, accounts, supply chain, logistics or any other business function.
91% of marketing leaders believe successful brands use customer data to drive business decisions (Source: BRITE/NYAMA)
ERP & The Cost Dilemma
Top influencers on Linkedin suggest that the year 2015 and subsequent years will see a surge in ERP cloud computing technology primarily because of increase in big data usage and the amount of integration required with different business functions.
Currently companies spend millions of dollars on ERP software application. The costs associated with ERP can be categorized into hardware, application program, customization, technical support, training and maintenance and subscription charges.
Moreover there are example of the past that suggest high costs associated with failed ERP implementations and lawsuits associated with famous ERP providers that ranges into hundreds of millions of dollars.
ERP 2 ERP Cloud Computing
Where there are shortcomings with ERP solutions there are thousands of benefits to balance the scales. However with cloud computing and the use of cloud ERP the scales are becoming imbalanced weighing more towards the benefits than shortcomings.
A Cloud ERP solution is based on the cloud computing technology and offers higher flexibility, scalability and greater integration at lower costs. Moreover hosted cloud ERP services by reliable providers ensure that you require minimum hardware and easy access through a web browser. Here are some of the major benefits of cloud ERP:
Large corporations however usually don’t opt for hosted clouds, rather they opt for an internal cloud where they have a whole IT division dedicated to it. This option is usually common when the corporation feels that the external hosting costs and security outweigh those that will be involved in internal cloud hosting.
A recent Gartner survey found that 47% of respondents will be moving their ERP to the Cloud in the next 5 years with 26% moving in the next 3 years.
iLead Integrated Solutions is a Middle East based enterprise solutions provider. Our complete Matrixel ERP solution has been deployed by hundreds of firms all across Middle East. Your organization requires a single solution that is reliable and cost effective and Matrixel ERP is your ideal solution. For further information send us an email and our technical team will get in-touch with you.
Cloud ERP is the latest trend in enterprise level technology which offers benefits to all types of organizations that want to improve their business functions through enterprise resource planning. A Cloud ERP solution is recommended for organizations that don’t want to invest in ERP hardware and want a simple, reliable, flexible and scalable solution that offers access anytime anywhere.
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