Enterprise resource planning software isn’t something that changes consistently, even though updates will occasionally have to be made. With there being changes in the world of software, you should also expect to see an evolution. Like all things, and software’s, nothing is meant to stay the same forever. Change can be a scary thing, however, in order to best keep up with the times and latest trends everything must evolve.
On our blog, we have talked about the difference between on-premise software and cloud software as well as what the pros and cons of using both are. If you aren’t aware, let’s do a quick recap on the difference between the two.
On-premise software is when a company decides to run their software in-house. The software is maintained at the company’s physical office and ran through that same company’s IT department. On-premise essentially allows a company complete control over their ERP system. Cloud ERP tends to be more convenient in terms of its flexibility. It is in the cloud which means that it can be used no matter where you are so long as you have a device that can connect to Wi-Fi. Instead of the software being hosted in-house, it is hosted by a third party and can be access through the internet.
The reasons why we may see the end of on-premise is due to companies searching for flexibility and convenience. Being able to connect to your software no matter where you are, makes it easier for employees to have access to their work.
Before deciding on a company that will implement the specific type of ERP software that works best for your company, deciding on specifics such as price is important. Moving forward, we may see extreme changes in the amounts that companies pay for implementation. As mentioned above, cloud software is become much more popular, which tends to be cheaper due to its setup not being as extensive as on-premise. However, with popularity, we may begin to see an increase in price.
ERP is beginning to transform away from a system that facilitates data collection to a component for driving the value of a business through its connectivity. As the software begins moving to the cloud, that makes it the center for connections amongst cloud systems. This new role means better standard based connectivity and ERP systems evolving to support computer systems operating in conjunction with one another.
In a few of our most recent blog posts, we have talked about the potential rise of AI, also known as artificial intelligence. Moving forward, we may begin to see enterprise software utilizing predictive analytics, which could be used in multiple industries. AI can help make predictions and give us insights based on real-time data while also acting as a digital assistant making an employee’s job easier.
Enterprise resource management software will always continue to change over time simply because that is what happens when companies and employees needs begin to change, the software must grow with them. These are only just a few of the (hopefully) beneficial changes that we may see over time, making your job easier, flexible and understandable.