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What Is The Future Of ERP System With Business Intelligence Systems?

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For the past several years, there has been a shift how organizations are utilizing ERP system effectively and build up stronger client relationships. The role of ERP has changed from back office operations to integration of business processes. New trends and proposals are being developed that promise to further improvement in the business operations. Integrating ERP system with Business Intelligence tools is one of the top trends of ERP industry. Every ERP system tends to generate huge amount of data. Data can only useful to any organization if it can be utilized for something. With the integration of ERP with BI management can analyze the data better; can understand the past or predict the future, and can make the well-informed decision. …show more content…

IoT is anticipated to enhanced ERP system efficiency, facilitate new business models and align physical operations with digital assets on a real-time basis (GLOBE NEWSWIRE, March 02, 2017). Research and Market (GLOBE NEWSWIRE, March 02, 2017 ) has announced there will be an incremental $49.9 billion market opportunity for IoT software and services by 2022, about 50% of the global small, mid-sized, and large enterprise will deploy some kind of IoT enabled ERP by 2022. Cloud ERP is one of the biggest emerging trends in ERP. ERP solutions like HRM, CRM, SCM, Financial management etc with complete and easy integration facilities and the future form of ERP is cloud (Purohit, G. N., Jaiswal, M., & Pandey, M. (2012).). Traditionally, ERP systems are internally hosted and maintained in house by organizations. This on-premise approach has many disadvantages, such as high maintenance cost and too time consuming to upgrade ERP installed on different user PCs. These disadvantages embedded in on-premises ERPs are expected to be significantly improved with the support of cloud computing technologies. In the new cloud environment, ERP packages and related data will be hosted on a third party vendor managed and controlled infrastructure. Companies can use their ERP applications and data as on-demand service through web browser, without physically installing the system in local PCs or storing the data in local

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