Exciting 7 ERP Predictions for 2024
As we step into 2024, the future of ERP is teeming with endless possibilities. Businesses are embarking on a transformative journey from AI-powered insights to industry-specific solutions. We have put together seven predictions that ERP systems will see in 2024. Embrace these predictions, stay agile, and position your company for unparalleled success in the dynamic world of ERP.
Embracing Advanced AI Integration:
ERP systems are using advanced artificial intelligence (AI) to enhance decision-making capabilities. With the incorporation of predictive analytics and intelligent automation, AI integration will revolutionise the way businesses derive value from their ERP solutions.
“The incorporation of predictive analytics and intelligent automation both in the ERP system, and by utilising for instance microservices, is an exciting trend. In addition, partnering with best-of-breed AI-driven solutions like SEMINE which enhance automation is also a clear value-add for our customers”, comments Lars Inge Sorlie, Director of Business Services Norway, on Arribatec’s commitment to the future. “SEMINE revolutionises the way finance and accounting services operate by streamlining data-driven processes. This partnership is a testament to our dedication to innovation, efficiency, and delivering unparalleled value to our clients.”
Rise of Industry-Specific ERP Solutions:
Get ready for a wave of industry-specific ERP solutions that are tailor-made to meet the unique requirements of sectors like manufacturing, healthcare, and finance. Say goodbye to generic systems and embrace this shift towards a more precise alignment with your business needs.
Linn Bo has witnessed the remarkable growth of our partner RamBase Cloud ERP in recent years: “The foresight behind industry-specific ERP solutions is more than just a prediction; it’s a testament to our commitment to precision and excellence. RamBase, our trusted partner in the manufacturing industries, has not only ridden the wave but has become a beacon of success. Their exponential growth speaks volumes, showcasing the transformative power of tailoring ERP solutions to meet the unique demands of our sector. Here’s to more success, precision, and industry-specific innovation!”
Enhanced User Experience:
User experience will be at the heart of ERP design, revolutionising how employees interact with the system. Anticipate seamless interfaces, streamlined workflows, and heightened personalisation, resulting in ERP systems that are user-friendly and accessible for employees of all levels.
Greater Focus on Cybersecurity:
With the rise in cyber threats, ERP vendors will prioritize implementing strong cybersecurity measures. Expect enhanced encryption, multi-factor authentication, and proactive threat detection integrated into the core of ERP security protocols.
“While we embrace the cloud for its transformative potential, it’s essential to acknowledge the higher risks it poses”, comments Viljar Willassen, Business Development Manager of our Cloud team in Hamar. “The focus on cybersecurity measures, including enhanced encryption and proactive threat detection, is not just a strategy; it’s our shield against the escalating risks. Together, we fortify our Cloud ERP, ensuring innovation doesn’t compromise security.”
Cloud ERP Dominance:
Cloud-based ERP solutions will maintain their stronghold in the market, leveraging cloud deployment’s unmatched scalability, flexibility, and cost-effectiveness. This will pave the way for an increasing number of businesses to transition from traditional on-premise systems, fostering an environment that is dynamic and agile in its operations.
James Wright, one of our Unit4 ERP Principal Consultants, addresses this prediction: “As a proud advocate for Unit4 cloud migrations, I’m energised by our future opportunities. This reaffirms our commitment and propels us into an era of unmatched scalability and agility. The forecasted shift echoes our belief in the transformative power of cloud solutions, steering businesses towards a dynamic future. Together, we embrace the cloud, unleashing boundless possibilities in the realm of ERP.”
As the world becomes more environmentally conscious, ERP solutions will integrate sustainability features, helping businesses track their carbon footprints and optimise resource consumption. By doing so, ERP systems will play a vital role in driving the global movement towards more sustainable business practices.
Continuous Updates and Adaptability:
ERP systems will transition towards adopting continuous improvements and development methodologies, enabling businesses to adapt more seamlessly to technological trends and regulatory changes. This approach eliminates the disruptions caused by traditional, infrequent upgrades and ensures a smoother user experience.
“This evolution aligns perfectly with our commitment to business process management and continuous improvement” – says Iselin Nordal, Director of Consulting and Advisory at our EA&BPM department. “Embracing the future means embracing agility, and I’m excited to see that we take an active role in ensuring our clients’ systems stay ahead.”
As we stand on the threshold of 2024, the landscape of Enterprise Resource Planning (ERP) is illuminated by a constellation of exciting predictions. The fusion of AI-powered insights, industry-specific solutions, and a heightened focus on user experience promises a transformative journey for businesses worldwide. The narratives shared by our industry experts underscore the inevitability of these changes.
In conclusion, the predictions for ERP in 2024 are not just projections; they are blueprints for businesses to thrive in an era of unprecedented change. Embrace these forecasts, stay agile, and position your enterprise to embark on a journey of unparalleled success in the dynamic world of ERP.