Adapt or dissolve. That is the decision every enterprise must make as we enter Industry 4.0. If your enterprise does not decide soon, our evolving economy will decide for you.
This outlook is not unfounded. In fact, over 70 per cent of global CEOs believe this is the most critical period they have experienced in over fifty years. So why has transformation become so critical?
Intelligent ERP has given early adopters an unmistakable advantage: the agility to implement new operations without extensive updates. This has enabled these early adopters to future-proof their organisations.
Perhaps you have confidence in your legacy ERP system, after all, it can be augmented to meet new needs. But how can your enterprise match the agility of intelligent ERP when it is slowed by such augmentations?
If your enterprise has yet to embrace this innovation, consider the three benefits of adopting intelligent ERP:
An Intuitive User Experience
How many employees across your enterprise can operate your ERP system? For legacy ERP, a complicated operation requires a complicated user interface. A complicated user interface requires extensive training to operate. Extensive training restricts the system to a select few. This restriction limits the amount of information your organisation can utilise.
On the other hand, intelligent ERP simplifies your user experience with conversational AI assistants. Instead of navigating a needlessly complicated UI, users can input and access information using natural language. By making your system easier to operate, your organisation can react to change faster than ever before.
A Redefined Process
According to a recent IDC analysis, a redefined process is the most extensive benefit of adopting intelligent ERP. Though a redefined process is a broad benefit, I like to think of it as consisting of three A’s:
*Agility: Prior to intelligent ERP, deploying new products and services demanded years of work. Years of establishing new supply chains or manufacturing protocols. Now, intelligent ERP systems enable enterprises to deploy new offerings in weeks.
*Automation: The integration of AI in intelligent ERP allows enterprises to automate repetitive tasks. By assigning AI to time-consuming processes, employees can focus on more important operations.
*Augmentation: Traditionally, an enterprise could not augment itself without re-educating employees. Now, machine learning applications within intelligent ERP systems allow organisations to augment their operations automatically.
A More Effective Understanding of Data
What is data without context? If your ERP system is siloed, you already ask that question every day. You already know that data is useless when divorced from context.
Conversely, cloud-integrated ERP systems curate data while connecting it to context. Curation ensures applications only access the data-sets they require. Data contextualisation gives organisations a greater understanding of cause and effect.
More importantly, intelligent ERP enables access to real-time data. Real-time data is no longer a nice-to-have, but a necessity of Industry 4.0.
Evidently, the integration of intelligent ERP should be a priority for every organisation. After all, it enables intuitive operations, instant innovation, and intelligent insights. To access these benefits for your business, explore SAP S/4 HANA Cloud today.
This article was originally published on LinkedIn.