Traditional ERP companies are launch to offer real-time analytics, with intent to help company’s power data even on mobile phones.
Traditionally, ERP systems have always been listening carefully to records and not enough emphasis was on the value of the information consisting of those records. While some Indian corporate started making investments in data, the go back on these savings was taking a lot of time.
Things are now slowly starting to change. The advent of cloud computing coupled with a surge in Smartphone adoption is some of the factors that are influencing the way customers looking at ERP companies. Cloud Delivery and Mobile convenience are increasingly becoming baseline expectations in ERP conversations today. Organizations are now beginning to turn to ERP solutions as long as real-time analytics to help decision-makers leverage data at every stage in their business cycle.
Technology giant SAP, with its S/4 HANA, is seeing some amount of traction in the Indian market. “With SAP S/4 HANA huge volumes of structured and unstructured data, including text data, can be instantly accessed from different sources,” The Company has bagged deals from Tata Power Delhi Distribution Limited, Usha International, ICHIBAN Crop Science, amongst others for using its HANA technology.
The industry is also seeing early signs of adoption of cloud-based ERP along with increased adoption of IoT sensors, machine knowledge and advanced analytics as it is yielding a faster return on tech investments and at the same time does not require large caps. “This can potentially help organizations leverage Manufacturing-as-a-Service: a model which enables organizations to pay only for the time they use a factory”, said Anshoo Nandwaani, VP & Principal Analyst at Greyhound Research. We do see the adoption of real-time analytics in the critical time bound decisions that save money and resources in situations where the planning/scheduling needs to be done immediately, if unforeseen, added Mathur.
A large part of this shift in the approach of traditional ERP companies is also due to new entrants. “While traditional ERP players like Oracle, SAP, Microsoft currently owns a lion’s share of the global ERP software market, there is no denying that they are under pressure.