Refresh Cycle Bodes Well for Clients Seeking Upgrades or Migration from Legacy ERP
The confluence of an improved market outlook, the shift to the cloud, the pressure of digital transformation and replacement cycle dynamics has created one of the biggest growth opportunities for enterprise resource planning (ERP) refreshes. New cloud deployments provide a catalyst for improving and automating back-office processes like never before.
This Market Overview examines the wide range of cloud ERP solutions on the basis of product- versus services-centric offerings and unregulated versus regulated solutions. While the number of vendors in the market has diminished due to mergers and acquisitions, the consolidation has led to concentrated platform investments in the cloud and exponential technologies such as artificial intelligence (AI), big data, augmented reality, the Internet of Things, 5G, and blockchain.
Successful deployments will achieve the elusive goal of improving efficiencies and preparing for exponential growth. The use of AI in the back office will power the next wave of post-digital ERP advancements.