With the increase in digital transformation and the influx of new technologies, organizations are looking to increase efficiency and reduce costs. Enterprise Resource Planning (ERP) has become a key component of reaching this goal. But with so many new solutions and digitally advanced tools on the market, it can be hard to know where to start with ERP when budget and resources are limited.
In 2023, the trend will be to take a step back and look at the foundations. Companies need to make sure that their data is managed properly and ensure that their data silos are connected to the same information and core processes. This can avoid further spending on overhyped technologies and offer a more cohesive view of the organization, leading to better decisions. Automation and digitization can help reduce manual work and automate tedious activities, like keying in timesheets, invoices, and purchase orders.
To support the digital transformation of ERP, companies need to embrace modern digital solutions that are better suited to their current needs. And to move away from the existing manual processes, organizations need to create a DevOps approach, merging development and operations, to gain efficiency and reduce complexity in their software. Companies should also consider less expensive private data centers and hybrid approaches rather than relying too heavily on hyperscale services.
The trend in 2023 is to rethink decisions, get back to basics and make sure the right structures and policies are in place. With greater complexity in the technology landscape, companies need to hire specialized software engineers to manage the increasing demands. This is driving the importance of the CTO role in the company, as they need someone to understand the technology and its workings.
Overall, 2023 is a year full of potential and change. To get back on track and reduce costs, companies will be looking more closely to basics and existing ERP systems. By investing in the necessary skills and resources to manage the technology, organizations can ensure their ERP systems are up to date and ready for the digital transformation.
