Even in 2022, ERP systems act as the pillar of strength for every business, irrespective of its size. By integrating the processes of two different organisations under a single umbrella an ERP system acts as a data storage center to store, circulate and share data across different branches and departments of the business. An ERP system can curb your costs and expenses while offering an upper hand over operational and technical integration of business functions in aligning the stream of information. Owing to the large scale of data generated by an ERP system, it has found its centrifugal point among researchers. Are businesses utilising the ERP system to its prime? Not really. There is a study stating that a mere 12% of the data businesses collect are under analysis, whereas 88% get ignored. Forbes prediction states that above 150 trillion gigabytes or zettabytes of real-time data will require analysis by 2025.
This brings in the newest kind of threat where businesses lose out on huge volume, velocity and variety of data available in front of them to garner valuable insights. All these insights can drive financial gain and productivity among your business.
How do you make this happen? That’s through connecting big data with Cloud ERP systems for the purpose of processing, collection and analysis of unstructured and structured data businesses generates. It’s high time businesses shift gear to profitable Cloud ERP solutions.
