Today’s dynamic digital economy is posing disruption to all kinds of businesses. The way businesses deal with the challenges will determine their survival and further flourishing in the industry. You probably have an established ERP system to manage your day-to-day business operations. This article tells you four ways by which you can gear up your ERP for digital innovation, transformation and growth in this data-driven world.
Future-proof data infrastructure
Future-proofing data infrastructure to be scalable both outwards and upwards (with the growth and evolvement of your business), and also to equip it to deliver instant value from your enterprise data is essential. You can do these with in-memory computing designed from a 100% in-memory database. Such an in-memory platform will be able to handle both analytics and transaction in-memory on a single data copy, keeping away inertness from moving data between the application and database servers. Its outcome will be a significant reduction in storage expenses and much faster processing speeds.
Secure environment for data
Business users look for an engaging and easy user experience, and digestible information to make accurate and fast decisions. A single, secure environment for all your precious data would help you provide this by efficiently managing big volumes of both structured and unstructured data, and delivering it to the right people as per their requirement. You can get such an environment by combining state-of-the-art database with data integration, advanced analytical processing, and data quality in your in-memory platform.
To push forward your business, you need to innovate faster and come up with new technologies. A flexible innovation platform will support several programming languages and also link with current applications. Thus, you can cost-effectively come up with new apps, and embed new technologies such as automation and machine learning into your current enterprise applications.
Your in-memory platform should be available in a secure private cloud and should be accessible via selected third-party cloud providers. This will enable you to move to the cloud at your own pace with flexible and scalable modular deployment. This will also enable simplification of IT complexity, reduction of operational risk and lowering of expenses.
To succeed in the digital age, you need to gear up your ERP to your future business growth expectations. So, make use of the above given four considerations for this purpose.