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Presently, cloud ERP solutions make it easy for companies to access data effortlessly in real-time while also providing simple and secure collaboration. Information has become accessible to your employees wherever they are. But the future holds much more for cloud systems and IoT.
The mainstream topic of IoT has drawn focus and budgets to the vertical development of IoT, making it the key of technological innovation moving forward. So, what does the future hold for the Internet of Things and ERP solutions?
1. The Growth of Cloud Needs
Even with the intensive development of connectable hardware, software will become more relevant, playing a more significant role in IoT—namely cloud-based technology.
Internet of Things currently enables devices to collect data. For example, thermostats, vehicles, and even CPAP machines are IoT devices that presently compile behavioral data. Soon all devices will collect information about user behavior. This data will get stored in the cloud to be used without any manual programming.
Evident conclusions to this mass storage include the growth of roaming restrictions caused by more connected devices and the need for higher processing power requirements. To maintain more constricting bandwidths, a surge in the growth of Hyper-cloud projects is what Datix anticipates for the future.
2. Technology Disruption from Contiguous Growth
The growth and development of IoT will not only be vertical, in fact, but horizontal as well. This contiguous growth will cause serious failures of compatibility as companies struggle to create and maintain device standards, system environments, and certifications.
More than likely, the result will be companies partnering together to create an eco-system that channelizes IoT data streams. New avenues for tech consultants and manufacturers who use IoT will open to create systems that collaborate with multiple devices and have universal adaptability. This contiguous growth could also mean that several eco-systems of devices will be developed and maintained under singular IoT ecosystems.
3. Increased Data Processing Software for Industrial Companies
The growth of IoT will result in accumulation of enormous amounts of data which will need processing and analysis. The current data processing systems won’t be dynamic enough and companies will have to invest in solutions to compensate for the bulk data. Cloud-based ERP solutions will play a major role in providing a way to turn massive data sets into end-to-end supply chain visibility when on-prem and legacy systems fail.
For industrial manufacturers, Infor CloudSuite Industrial (Syteline) is an ERP solution that can provide a secured position with dynamic customization by poising companies to navigate future environmental changes.
4. Increased Security Measures
Security is already a widely discussed facet of current eco-systems, and many Business Analysts agree that security concerns will grow with IoT.
Internet of Things offers boundless opportunities to enrich data pools with communication and data collection between devices, but this same feature makes it a highly vulnerable security risk when it comes to data sharing in vast data quantities.
As networks of connected devices grow, it becomes overwhelming to keep the data safe. Companies will have to implement better solutions such as EverSafe! or Microsoft Azure to ensure that data remains safe with no compromised information.
5. Enhanced ERP & CRM Intelligence
Developers of IoT and industries that utilize these early technologies have acknowledged IoTs’ ability to enhance customer experience. Internet of Things won’t be limited to just devices and things, but to a much wider application for ERP & CRM capabilities on an industrial scale. An obvious application of IoT is the function of efficiency.
In the future, business operations will become smarter from the data gained through IoT collection and will enable its management to enjoy hassle free innovation. Thanks to IoT, businesses will become more efficient and will be able to save money, time, and other resources.
Data will be collected, stored on cloud ERP, managed and automated. Modern CRM integrations make it easier for employees to create batch analytics and access data needed to make this happen. This system will also enable maintenance of detailed customer profiles of its customers to predict needs or identify issues before they arise.
Why Choose Cloud ERP Software?
Present day, cloud-based ERP systems offer a wide range of advantages for your company from simplified implementation to real-time analytics. However, you should not switch over to a cloud ERP system or begin implementation without considering how you intend to use it in the future.
Datix has been an expert in ERP for over 20 years and has helped over 70 enterprise-level companies plan for the future. When you work with Datix, you have access to our expert consultants who will assist you from start to finish and beyond. With our business-first approach and certified team, we provide a one-stop-shop to help our clients find a solution for any issue in the past, present, or otherwise.
Ready to start transforming your business with a cloud-based ERP system? Contact Datix today to prepare for your future!