Top 20 ERP Tech Companies - 2018
For a long time, Enterprise Resource Planning (ERP) systems have been a part of the business software landscape. Over the years, ERP has evolved from a simple business process management system to a complex multi-module tool for businesses to gain a competitive advantage and add even more value to their customers. Cloud technology has already been a major disruptor in the market and myriad of organizations are adopting cloud to optimize their business operations. Apart from that, the ERP ecosystem is changing in a number of ways with various technological advancements.
The AI-enabled ERP solutions are becoming a hot trend in today’s market as it handles routine tasks performed by employees leaving them with more productive tasks. AI-enabled ERP solutions can learn, speak, read, respond and predict future outcomes with ease and also constantly optimize operational models and bring in operational efficiency, reduce cost and minimize human errors.
On the other hand, the adoption of open source ERP software is also gaining prominence, since it’s easy to develop and can be can easily be customized and integrated with other apps within the organization. Moreover, the future of ERP is also vested in technologies such as IoT. With growing number of industrial IoT devices generating big data, business owners are trying to develop IoT-driven business models, where more data can be funneled into the ERP system and processed automatically.
While security is an integral aspect when it comes to business, the fight for data security and privacy continues; the longer it goes the more organization’s demand for sophisticated security features. Truly, now is right the time for enterprises to consider using ERP systems for their business. To help CIOs zero in on the right fit ERP systems solutions for their organizations, CIOReview presents the “20 Most Promising ERP Solution Providers - 2018.”