Key ERP trends for 2022

Organizations of all sizes have been using the ERP system for years. Initially, the ERP system required large hardware of big machines for the on-premises setup, which raised the implementation cost and capital investment. Moreover, the rapidly changing technology could not keep up with the modern technology and new requirements with the old on-premises ERP system. Later the ERP cloud was introduced that runs on remote servers and is managed by the provider. Oracle ERP Cloud eliminated the need for the companies to spend on hardware setups and reduced capital and operational expenses.

So, with the changes in technology and requirements, new trends emerged. Here are some of the key ERP trends for 2022

 

Mobile ERP

We live in an era where information is just a few clicks away all the time. Thanks to smartphones. Companies are developing mobile applications to meet the need to access real-time information anywhere. Oracle ERP mobile apps enable the employees to send push notifications, review and approve time, sales orders, and expenses anywhere. Real-time data is mobile ERP’s biggest boon. Organisations with this technology have an edge over those that don’t as the efficiency increases manifolds.

 

Artificial Intelligence

In recent times AI (artificial intelligence) has increased human power by its theoretical understanding, and vast volumes of data. The time is finally right for AI. Incorporating AI into ERP software has created “intelligent systems” that aim to transform business data into actionable value and improve performance.

Nowadays, we can find fully automated ERP systems with interactive assistance and a smart advisor to streamline processes and accomplish higher levels of efficiency. The purpose of the AI makers is to enhance human activities and not to replace them. Intelligent oracle integration cloud ERP can optimise workflows and reduce time & scope of errors.

 

3D Printing and ERP systems

3D printing and additive manufacturing are the dominant capabilities of many manufacturers. It is increasingly being incorporated into enterprise systems. ERP software for manufacturers will thus need to be flexible to support material and capacity planning and to meet the needs of the 3D manufacturing production environment. Consumer electronics and healthcare sectors have already embraced this new technology. For example, hearing aids, turbine blades and human tissue are already being manufactured using this new technology.

 

Direct Machine Integration

This technology refers to the connectivity of machines with computers. The devices placed on the machines tell the oracle integrated cloud ERP system everything and give real-time information. The communication between the machines and the ERP systems increases efficiency and eliminates the need to be with the machines at all times. This level of efficiency gives an edge to companies with ERP systems over those who don’t.

 

With the pandemic shifting focus to the work from anywhere, the access to real-time integrated data anywhere has risen. Thus, increasing the demand for ERP cloud systems. The customers will start demanding easier interfaces. Therefore, the ease of use and practicality of ERP software will be an essential feature. Companies that were earlier struggling to withstand the pandemic will look for affordable ERP systems that will require fewer resources and can accomplish more. ERP systems in sync with Oracle IAM and cloud HCM could give an added advantage to your business.