ERP Forecast for 2020
By Katie Foley
The holidays are over and it’s the start of a New Year. Can you believe we are embarking on a brand-new decade?!
The roaring 20s are here and I can’t wait to see what the ERP world has in store for 2020 and beyond. Let’s take a look at what enterprise technology experts are predicting the top ERP trends for 2020 to be.
Cloud technology was the overarching trend of the 2010s for the ERP world. This trend isn’t going anywhere quite yet as cloud-based solutions offer lower upfront cost, automatic system updates, faster implementations, and overall peace of mind.
Continued Adoption by SMBs
The 2010s and the emergence of cloud technology allowed more small and mid-sized businesses to take advantage of ERP solutions without the burden of a costly upfront investment. We expect to see this trend continue as more businesses move to the cloud model.
This is the combination of more than one ERP software vendor for a company and its subsidiaries. Rather than a company and its subsidiaries running one all-encompassing ERP system, we are starting to see the large corporate headquarters running a comprehensive tier one ERP system while the small subsidiaries run a more cost-effective tier two ERP system. Advantages of the two-tier model include – affordability, simplicity, and faster implementation.
We’ve heard about the rise of artificial intelligence or AI for a while now, but 2020 and beyond might be when we start to see it put to work. We don’t think that robots will replace humans anytime soon, but we expect to see advancement in the area of machine learning – where computers are able to mimic human functions such as problem solving.
The Emergence of 3D Printing
3D Printing will continue to transform the manufacturing industry as we know it and enterprise technology will need to keep up to support this new technology. With 3D printing comes a lot of data, so ERP systems will need to adapt to make sense of these large quantities of data.
ERP vendors and users should buckle up and get ready for an exciting 2020 and decade to be in this industry.