Predicted ERP Trends to Witness in 2020

by Vestrics Solutions Vestrics

Predicting technology trends is much more than opening a crystal ball and seeking a sign to identify what the times to come will present.

As we enter the New Year of a new decade with high motivation and enthusiasm, it is equally imperative to be prepared so as to pounce upon a workflow that will ensure the most profitable prospects.   

Forecasting ERP trends for the year 2020 requires much more than studies of future demands, it is based upon a gradual observation of the past occurring in the sector and analysis of market evolution.

To predict the strategic moves that will reshape the future of ERP, let us discuss the possible trends that will grace the year with hopes of enhanced intelligence and automation.    

The predicted SAP and ERP trends for 2020      

• Vast Scale Adoption of Cloud   

The lightness of a cloud is unparalleled. Cloud storage presents to be the new age data storage medium and enables exceptional streamlining and profit incentives as a result. This is a major factor indicating to customers adopting cloud at scale.  

Just as we have observed in the past few years, 2020 will witness relocation of business data modules on the cloud and thus cloud ERP will dominate the market. This will further enable enhanced efficiency of the SAP software.           

• Incorporation of Blockchain with ERP     

While Blockchain still is an alien term for many, year after year we seem to be gaining familiarization with the same and the possible advantages of this technology present undeniable scopes of business management improvement.        

Blockchain is an efficient data platform that records peer to peer transactions. This technology is known to deliver better transparency and unmatched data security. Incorporated with ERP, Blockchain can truly enable low risk and maximum secure data transactions.  

This technology can optimize business transactions and possibly generate higher ROI. Involving advanced automation, this year a possible shift to Blockchain tech in ERP management could be observed.   

• The Key Significance of Change Management  

As business management tasks become sophisticated and critical, one can derive a direct influence of the same on business success. Change Management will be a crucial element to ensure business profitability and be a determinant for digital transformation success.  

Organizational changes involve an impact on people and to cater towards ensuring seamless transitions, a careful management of the same is must. This will prove to be a major key determining business success and failure.      

• The Need to Do More with Less - Boost for SAP Business One services     

The slack in Asia-Pacific economy will steer businesses to harness smart technology tools that help in cost savings and greater productivity. To better control budget, wide implementation of SAP business software solutions as has been the case for past years will continue in 2020 and to achieve greater business outputs, it would be a trend to follow.

As we witness the onset of a fresh year, with time we will see these predicted trends transforming into reality and adding better value to the ERP sector.

Vestrics is an SAP Gold Partner offering SAP software implementation and helps businesses target enhanced growth and productivity.

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Created on Jan 7th 2020 01:25. Viewed 267 times.

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