Amalgamating ERP and IoT for Operational Excellence and Workflow Automation

By CIOReview | Friday, June 21, 2019

To manage the enormous volumes of IoT data, the future ERP system finds it inevitable to feature flexibility, smart data analytics, and real-time user dynamics.

FREMONT, CA: ERP is at the core of most companies' company, offering a single information source. The IoT can improve the accessibility and precision of information considerably. In the manufacturing sector, IoT has already had a significant effect. Sensors connected to machinery, for example, allow for a higher level of maintenance automation and guarantee that essential information is available to those who depend on it, from shop floor engineers to c-suite decision makers.

An ERP system's principal objective is to provide business leaders with actionable data and information. But it is a continuing and vexing task to collect precise data. For organizing unstructured data from individual machines with organized company information from the ERP system, the ERP system becomes crucial. It is essential that all data can be managed, analyzed, and displayed in real time by the ERP system. The IoT can increase the accessibility of information massively and enhance precision. For customer service, forecasting, inventory management, and business intelligence, this has significant consequences.

ERP systems need to be flexible, smart, and behave in real time to maximize the potential benefits from this enormous information mass. The significant advantage of having ERP is that individuals can all see the same data in separate departments and update appropriate data. Besides the small ownership costs and savings obtained by standardizing one application to handle various company tasks, the use of ERP promises much more. Implementing ERP software can improve productivity, increase efficiencies, reduce costs, and streamline processes among countless other advantages. IoT plays a crucial role in ERP and helps to develop it into a far superior offering for various customer access via laptops, tablets, mobile devices, and even watches.

By establishing an interface between Internet-connected devices, higher flexibility will be provided to ERP platforms in developing feasible uses of IoT-collected information.

IoT can be used to increase the availability of data, enhance accuracy and maximize profits. With that in mind, these smart solutions were intended and constructed specifically for customers with a powerful vision for their activities.