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?