Migration to the cloud, mobility and data protection, among the trends that will set the path for ERP next year.
As more and more companies begin to see a clear path to economic recovery after the pandemic, they are also finding that the markets are no longer the same. Limited resources, tighter budgets, shorter deadlines and new customer demands are some of the challenges they must face.
"With new challenges come new ways of acting that set trends in Enterprise Resource Planning software," says one of our developers. “It is these seismic shifts that are driving innovations in ERP software to help make organizations more efficient, profitable and competitive.”
Our firm presents some key trends that will mark the destiny of ERP software during the next year:
- Migration to the cloud: For a decade, ERP software has been making a gradual transition to the cloud, leaving behind local implementations, known as 'on premise'. It is a key moment in the industry in which ERP providers are investing more and more resources in making their systems available in the cloud, which is helping SMEs to adopt this technology at a greater speed.
2023 will be the definitive year for ERP to be fully delivered as a Software as a Service (SaaS), that is, through a cloud-based subscription model that provides hands-on product experience, guidance strategy, support and continuous assistance.
- Mobile ERP: In an age of mobile computing—with smartphones, tablets, laptops, and other devices in the field—the workforce expects ERP software to be fully functional from anywhere, anytime.
This is how in 2023, the Mobile ERP will continue to establish itself as a crucial trend to guarantee real-time access to applications, with 360-degree visibility over all functions 24 hours a day. In addition to making them more agile and responsive to situations, organizations can deliver more personalized customer experiences, close deals, and place orders immediately.
- Predictive Data Analytics: The ability to collect and use ever-increasing volumes of data will be another major ERP software trend in 2023. Organizations have begun to realize that they need the right tools to perform Big Data analytics, to have accurate forecasts, optimize operating processes, generate business information and verify and monitor planning, all in real time.
“2023 will be a disruptive year in which companies will stop thinking of data as a collection of numbers and will begin to treat it as intelligent, structured and actionable information for decision making”.
- Heavy Use of Artificial Intelligence: Although Artificial Intelligence (AI) had a slow and difficult adoption, in the current circumstances—with massive computing power, deep theoretical understanding, and vast amounts of available data—it is a mature and highly used in corporate environments.
The arguments for using AI in ERP software by 2023 include data-driven decision-making, dramatically reducing human error, and automating common, repetitive tasks. As more data is processed in ERPs, likewise, AI can help with planning, troubleshooting, and strategizing that are ever more detailed and based on reliable, real-time information.
- Growing demands on data protection: Organizations are increasingly facing data protection and cybersecurity challenges due to the continued adoption of smart devices and the ubiquitous connections between their mobile employees and the ERP. This is why a strong demand for reliable ERPs is expected by 2023 to contain the growing threats of cybersecurity and data leaks.
- Digital transformation Organizations have discovered that one of the most effective tools for digital transformation is implementing ERP software.
In addition to intelligently interrelating processes and data to generate value, ERP software becomes the enabling factor for business reinvention.
- Plug-and-play type integration: Plug-and-play type integration: thanks to the migration to the cloud, ERP software will continue to evolve in 2023 to be integrated through plug-and-play type APIs (Application Program Interface).
This will result in organizations being able to use a central level ERP to manage their business processes while using third-party solutions for more specific requirements.
"An example is a wholesaler that uses SAP for its logistics processes, while using a third-party CRM (Customer Relationship Management) for its sales force or a payroll solution from another provider," concludes Matias Purita, our VP Platform Engineer. "This is where companies expect their ERP software to provide seamless integration between the different solutions."