The technological advancements you may expect in 2022 will be a natural evolution of digital transformation – the same processes that gained traction when the epidemic broke out in early 2020. ERP has become a must-have for every company hoping to survive in today's dynamic and complicated economy, where every business move has the power to "make or break" the company.
Here are some of the ERP developments we'll see in 2022 that will lead to increased flexibility in an increasingly data-driven, dynamic, and multi-dimensional business environment.
1. Self-service & low/no-code software
Self-service ERP is gaining traction since it allows for independence that was previously unachievable. Self-service resource planning allows non-technical business users to construct customised dashboards and modify data sets and processes, from dynamically specifying field values to creating reports, without the need for engineers. Rather than beginning from scratch and relying on developers, low-code (or no-code) allows you to pick from a menu of alternatives or go through a plug-and-play configuration process to suit your requirements. Pre-configured building blocks that permit functionality components make it easier and faster to modify, construct, and publish apps without requiring IT help.
2. From Headless commerce... to headless ERP
The retail industry frequently determines future trends in both the physical and digital worlds due to ongoing connection with consumers and the need to stay relevant. As a result, retail was the first industry to adopt the use of a headless infrastructure to provide a consistent customer experience across all channels.
Most customers nowadays only employ a portion of the system's capabilities, such as shop floor operations, inventory management, or e-commerce sales. The concept of a headless architecture advocates for complete separation of business logic and data, as well as the development of task-specific interfaces that are designed and implemented independently from the back-end. In other words, APIs are prioritised over user interfaces. Complex procedures become simple when a headless architecture is implemented, and user experiences are customised to serve each end-user, from warehouse staff and sales teams to human resources, store managers, and customers, with a personalised, cross-organization interface.
3. Cloud Based ERP
Although cloud-based ERP is not a new trend, it is still one of the most revolutionary. Cloud computing opened up a whole new world of ERP, allowing firms to use cloud-hosted solutions to drive more efficient work practises, save time, lower total cost of ownership, and help them redefine how they work. Despite the industry's concerns about data security, the cloud was successfully adopted, thanks to the increasing availability of mobile platforms and enhanced security.
Many businesses that still rely on on-premise ERP are beginning to see how and why they are falling behind. Operational limitations, ranging from inflexibility and costly scalability to a lack of innovation and incomplete collaboration, were highlighted by the epidemic, forcing many organisations to operate remotely, rendering on-premise solutions obsolete.
4. Machine learning & AI The rising AI trend will resound throughout all ERP features, including industry-specific solutions like manufacturing and distribution, in 2022 and beyond. AI technologies, such as machine learning, are assisting enterprises in extracting more value from the ever-increasing volumes of data generated. AI continues to enable businesses to get new, actionable insights, improve their operational procedures, and make the greatest use of their vast amounts of data.
5. IOT integration
In terms of end-level computing, data centres, and customer experience, IoT integration is critical to the business automation revolution. Without establishing interfaces to external sources, IoT integration allows ERP systems to capture, store, and process enormous amounts of data collected from new, external endpoints in real time. Industries use this data to gain accurate and relevant user information and to answer their specific needs and wants. As a result, we'll surely witness significant progress of IoT integration into the ERP ecosystem as businesses want superior asset management capabilities, more efficiency, improved forecasting, real-time insights, and improved interoperability.
6. Mobile support
Mobile and real-time communication are two driving factors in the IT world, prompting ERP systems to join in and provide the same convenience and flexibility to take your business with you.
Mobile ERP solutions, like cloud ERP, grew in prominence during the global lockdown, when companies began to look for new ways to use mobile tools as extensions of their ERP systems. Users may access their ERP from their mobile device with the same capability as they can from their desktop, thanks to mobile ERP. Mobile ERP solutions improve system visibility and accessibility across the organisation, speed up business processes, increase productivity, and save time, resources, and money. Mobile ERP software, such as mobile sales force, service, proof of delivery, warehousing, point-of-sale (POS), purchase approval, staff attendance apps, and more, are meant to enable operations "on the move."
7. The two-tier imperative
To handle the needs of large enterprises with many locations and/or subsidiaries, the two-tier ERP strategy effectively uses "two systems." Master data management, or a single source of accurate data for the entire organisation, is possible with this technology. Large organisations that use a two-tier ERP strategy keep their corporate ERP system in place to manage day-to-day operations, while their smaller or remote business units use a second-tier ERP system to handle their unique requirements, such as location-specific regulations, compliance, and tax codes. Organizations can gain business flexibility, agility, and strategy alignment at a lesser cost with this method.
The overall benefit of Industry 4.0 is that you will have access to the data you require to make the best decisions for your company. Because of the benefits that Industry 4.0 technologies provide, the ROI prospects are exponential. This is not an exhaustive list; there are plenty of other advantages to consider. Contact us to learn how to combine your business in Industry 4.0 in the right manner.
ERP will continue to expand and produce new technologies and operational workflows to adapt and bend to the winds of change in the race to become more efficient and reinvent the way organisations function and communicate. Because change never stops, it accelerates, we will undoubtedly see more developing trends in 2022 and beyond.
Contact us today to learn more about how we can help your business in your digital transformation journey.