Automation has long made an impact on the manufacturing industry, and over the past couple of decades, data engineering has seen substantial technology enablement across the services industry. A 2020 report notes that 51% of businesses implement automation initiatives to boost efficiency. It is obvious from this finding that digital transformation is no longer just a buzzword – it’s a crucial factor for success. One key aspect of this transformation is the often-overlooked role of Enterprise Resource Planning (ERP) data. When done right, modernizing ERP data can significantly change how businesses operate. This effort focuses on four key benefits: driving innovation, promoting transparency, improving efficiency, and optimizing business models. These advantages are reshaping modern business practices.
What makes things even more interesting is that CIOs are discussing and bringing about a digital transformation on the ERP front. The advancements in ERP systems and the progress in cloud computing, AI, IoT, and other new technologies are propelling significant improvements in how organizations operate. Unlike traditional ERP upgrades focused on efficiency, today’s digital transformation is about creating new and innovative business models. This shift offers immense potential rewards but also requires navigating a complex landscape of technology choices. The ERP initiatives should align with a clear strategic direction and overarching business objectives to succeed in this transformation, drawing from past lessons learned during earlier ERP implementations.
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