Shifting your enterprise resource management (ERP) system to the cloud has great benefits as it manages and protects business data, optimises business processes and improves decision making across the board.
It can also expand your business horizon and drive more ROI by integrating promising technologies with the potential to revolutionise the way companies relate to their business management systems.
1. Internet of Things (IoT)
The integration of IoT in ERP systems enhances data collection and accessibility in areas like asset management, inventory control and customer service. IoT-enabled devices can communicate directly with the system and ensure a high level of connectivity at all times.
The greatest advantage of IoT is the enforcement of real-time data streaming and analysis to generate valuable insights for department executives and top management. IoT can be a valuable company asset in enterprise data analysis and forecasting.
2. Machine learning (ML)
Machine learning (ML) algorithms take enterprise data from multiple resources and applications in the cloud and use it to self-learn. This way the ERP system becomes an intelligent machine that can anticipate issues and respond to future business needs more efficiently than before.
3. Radio-Frequency Identification (RFID)
The integration of RFID technology with the ERP system is beneficial to supply chain-based organisations, allowing for the improvement of product tracking and providing full visibility into inventory management and shipping.
RFID-enabled ERP not only simplifies tedious data collection and management, but it also enables organisations to streamline their supply chains and integrate and share this data easier within scalable business operations.
Artificial intelligence-powered business management systems can offer a definitive advantage into business workflows, operations and customer interactions, based on learning capabilities. The use of chatbots, for example, enable users to interact with the ERP commands and deliver targeted responses and optimal business insights.
In conclusion, organisations can leverage future technologies through the implementation of a flexible and scalable cloud-based ERP solution that supports app integration, business intelligence, data analytics and AI functionality.
Microsoft Dynamics 365 Business Central is a cloud-based, all-in-one business management solution that helps organisations streamline business processes, improve customer interactions and enable growth.