11 Aug 2016
For big businesses and small enterprises alike, data management and analysis has become a crucial tool. You can hardly find a business that puts one step forward without munching through loads of data and rectifying the production glitches based upon the consumer needs. Taking this into consideration, Big Data is complementary to an Enterprise Resource Planning (ERP) system.
They work better when in parallel lines
An Enterprise Resource Planning (ERP) software is usually achieved through integrated enterprise applications as it places all the data regarding every facet of a product’s lifecycle into one database. With a little bit of deduction, one can be assured that if an ERP system tool can handle the inputs from Big Data, then the age old concern of demand and supply will come under control. For any business to stay ahead of the game, Big Data and ERP System must work in parallel lines. While a lot of businesses are skeptical about incorporating Big Data and put their trust solely on their in-house ERP system, it is akin to denying oneself a possible competitive advantage.
“It’s important to note that digital isn’t just about gathering new external connections; it’s about having the operational agility to act on them.” says industry analyst Nigel Fenwick at Forrester Research. This ability is ensured by the incorporation of an ERP System. As we found out in our years of experience, putting together all that matters and managing them will be a boon for company growth.
How does it help?
An Enterprise Resource Planning (ERP) system helps you deal with all the available data and makes you aware if the demand and supply equation are not at balance; Big Data analysis can push you ahead by forecasting the future. By analyzing the data at hand and all the data collected by your automated units, Data Analytics can determine the present pattern of consumer behavior and deduct the future performance of a product. This futuristic insight will be missed if you refuse to incorporate both Big Data and Enterprise Resource Planning (ERP) system in your business.
Looking into the future
While using Big Data analytics and enterprise applications simultaneously is reasonable enough, integrating these two in a single tool is a debatable topic. While there are many data management tools that one can use without being an expert in analytics or data science, handling an Enterprise Resource Planning (ERP) software that produces insights is going to be a challenge.
In the last couple of years, Big Data has changed Enterprise Resource Planning software for good. The changes have come quite naturally with the advent of the Internet of Things (IoT) and constant improvement of Big Data tools. Enterprise planners can now work with faster information delivery, improved scheduling and get more accurate forecasting with the help of tools like Hadoop.
The integration of Big Data and ERP Solution is currently in motion and inevitable. The best reason to follow the lead of technology is to keep yourself at par with the pacing changes in the industry. ERP System has long enough been a thing for both small and large scale businesses and efficient Enterprise Resource Planning ERP software along coupled with inputs from Big Data is the only way you can keep your nose ahead.
