• janithris

Time to harvest your ERP Data to feed back to your Business

The dawn of the ERP era – Enterprise Resource Planning begins from MRP II when tech experts succeeded in integrating multiple processes of organizations beyond Production and Inventory – which MRP 1 had managed to address. The era of ERP 1 or MRP 2 dates back to 1990 when large organizations subscribed to ERP and began integration of their operational data in their ERP systems. The need, back then, was to capture the life cycle of operations in the ERP systems and create a single source of accurate data.

Then came the era of ERP 2 advancing the ability of these applications to draw and work with data from other internet-based systems. This further enhanced the richness of data and ability of organizations to integrate their operations in parallel to the internet enabled world.

As we speak, we are fast moving towards the next era of cloud enablement of these applications extending the deployment of the ERP systems beyond the large enterprises to SME’s and small enterprises as well. While the earlier ERP versions addressed the reality of operations being widespread and hence requiring wider integration with other platforms, the current ERP revolution well acknowledges the need to replace the on-premises models of technology installations while also removing the access constraints and ensuring the ease of enterprise data maintenance.

All of the above ERP phases have redefined some important aspects of business enabling technologies.

Stakeholders of data is now the business and not IT department

  • Data is now characterized as real time

  • With Software as a service - the ever-changing scene of technology platforms requiring redeployments is no longer a business constraint

  • IT is now categorized as a business support partner viz-a-viz their earlier role of technology support & maintenance units

We seem to have journeyed a full circle in terms of addressing important aspects of business technology enablement.

  • Process to Data Integration

  • Process standardization and controls

  • Data visibility, availability & accuracy

  • Speed of action

  • Elimination of redundancy

  • Reduction of Manual effort

  • Ease of Access to data & reporting

  • Assurance towards statutory compliances

This has paved way to a new journey which has just begun. The data revolution. How has the data paradigm shifted with the completion of 360-degree journey of the ERP?

Data needs have now changed

  • From gathering data to distribution of data

  • From knowing data to learning from data

  • From business representation using data to business driven by data

  • From representation of current or past data to extrapolation to future data

  • From tactical use of data for day-to-day operations to consumption of data for strategic decision making

  • From data representing financial transactions to data uncovering behavioural trends

  • From data representing information to data revealing insights

  • From data intensive tabular reports to concise business stories

  • From Tech Literacy at Operational Level to Tech Adoption at management levels

Technology evolutions have always expanded with the needs of the business and one phase of technology advent has functioned as the steppingstone for the next one. Are you ready for this next journey of harvesting your enterprise data to lead your business to meet the new business world challenges?

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