Enterprise Resource Planning is highly adopted by businesses in order to manage their processes in a better way by making use of available software and technologies. Big Data analytics when integrated with ERP have proven their stand in helping the businesses with their accurate planning, marketing, sales, manufacturing, inventory management and thereby, maximizing their profits.
What will be the future of ERPs when they are integrated with Big Data?
One of the greatest advantages of Big Data analysis is their ability to make use of sophisticated technologies to process and interpret the huge amount of data collected on enterprise servers. As more and more jobs are getting automated in businesses, the need to interpret and analyze them quickly becomes quite important. In addition to this, ERPs will find extensive use of big data which needs to be analyzed for their usage patterns, consumption fluctuations, their demand during peak hours, and finally make wise decisions about their usage.
To gift the ERPs with a comprehensive analytic solution, Big Data analysis make use of intelligent techniques with which businesses can monitor their sales and experience a greater edge over competitions. They do so by benchmarking their performance with those of others and finally win over their competitors.Also, to predict the future of businesses, ERPs must switch on to big data analysis which will provide a greater view of the demand and supply curve.
Thus, there is a great future ahead for ERP that integrate big data analysis in their processes.