Latest ERP Software Development Trends in 2018

This article is going to highlight the latest trends in ERP software development field. Read on and know what’s new to look for in 2018.

With time, the latest enhancements in the technology are changing the sphere of diverse businesses. ERP is one such trend that is leaving a huge impact on the overall growth of a business. Starting from various process optimisation to managing tasks of different business segments - everything becomes so synchronised and organised. Here, a few trends in this ERP field have been jotted down. Read on and know how these trends are going to help the business owners to empower their respective businesses.

• IoT (Internet of Things)

The ERP space is going to experience a lot of new things in this particular area of IoT. Internet of Things is already making a huge impact in the technological industry and is expected to make further progress in this year.

Most of the devices and appliances are now embedded with sensors, network connectivity and software for data transmissions. For making better business decisions, various businesses need to get access to every crucial process. And with the help of synchronised devices that can interact with each other through cloud network, achieving this is possible.

In this year, the manufacturers are going to be blessed by the joint venture of ERP and this IoT as it is not only going to help in supply chain optimisation but also in enhancing the overall process of product development.

• Big Data Impact

Informed decision-making tends to become accurate when huge data set can be handled and analysed properly and Big Data allows businesses to achieve it. With the help of it, businesses can unfold the secrets and remain well-versed in the purchase patterns of the customers.

Previously, different businesses had to rely on the financial and sales department for the reports or statements analysis. Now, the scenario has changed with the inception of Big Data. Today, businesses are capable of understanding and analysing all the discrete changes along with the market opportunities that have not been explored yet.

• Cloud ERP

The concept of cloud is already quite popular and trending in the market. However, this trend is going to continue or is expected to become even bigger in 2018. Most of the businesses today are showing the utmost interest to move to the cloud as it ensures data security, easier data storing and transmission resulting in overall business performance improvement.

• Switching from Legacy ERP to Modernised ERP

In the coming years, the legacy ERP systems are going to almost fade away! Very soon, it would be hard to find an ERP vendor, who would support services of new functionalities inclusion or any kind of updation in the legacy system. Then what would they prefer? Well, there is the option of choosing customised ERP solution that is any day a better and more preferable option for industry-specific businesses.

Author Bio:... Santanu Das is a veteran software developer at Envertis Software Solutions, one of the leading ERP software providers in India that have been serving diverse industries with low-cost yet business-driven ERP solutions for years. For more information and updates, visit the official website or follow the LinkedIn page of Envertis.