The modern business environment is in a state of constant evolution. Fast-changing consumer behavior and technological change have left countless organizations and industries vulnerable to disruption. According to Deloitte’s 2016 Global CIO Survey, 57% of CIOs believe that the core expectation of information technology is innovation, while an additional 35% cite strategic alignment with business objectives as a success measure.
Research confirms that innovative brands are more likely to profit and survive – including average achievement of nine times higher brand appreciation than their counterparts. The pressure to develop agility is pushing the global worldwide adoption of smarter core systems, including intelligent cloud enterprise resources planning (ERP). Worldwide, cloud infrastructure spending will overtake on-premises IT by 2020, and Gartner estimates that the public cloud services market will grow 17% to reach $208.6 billion by 2020.
Achieving an an advantage with intelligent cloud ERP systems
Intelligent, cloud-based systems can enable CIOs to achieve faster time to deployment and immediate access to some of today’s most advanced technologies. This blog, inspired by Gartner and Forrester research into today’s most disruptive technology trends – as well as the other sources cited – outlines four crucial technologies enabled by intelligent cloud ERP.
1. Artificial intelligence
We’re in the middle of a “race for patents and intellectual property” in artificial intelligence, according to Forbes. AI and machine learning can deliver real business value in all industries through interactive customer experiences, automation, and proactive maintenance. Intelligent cloud ERP can fuel machine learning algorithms and AI deployments with processing power and centralized Big Data storage.
2. Digital assistants
In 2018, demand for digital assistant technologies will double, with adoption projected to reach 1.6 billion users by 2020. The intelligent cloud can enable organizations to adopt natural language interfaces, hyper-personalization, and advanced knowledge bases for engaging, productive employee experiences.
3. In-memory analytics
Real-time analytics on Big Data requires speed, performance, and reliability, all of which are enabled by intelligent cloud ERP. Organizations can achieve total oversight and precise forecasting with the ability to understand Big Data from employees, systems, sensors, and more – in real time.
4. End-to-end data integration
Businesses may be drowning in Big Data, but too few have meaningful ways of extracting intelligence from disparate “data lakes” in the cloud. Big Data is a commodity only if it’s both accessible and actionable. Adopting cloud ERP can enable end-to-end integration of Big Data from many sources, and eliminate the need for intensive extraction procedures and data scrubbing.
Capture competitive advantage
The organizations that gain competitive advantage are the ones that use technology to continually reinvent the customer experience, push productivity, and use analytics for data-driven decision-making. The cloud and cloud ERP provide a baseline that’s always-up-to-date, so IT leaders can focus on adding value through innovation.
Find out more about intelligent cloud ERP solutions here.