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TRENDS
TRANSFORMING
ENTERPRISE
RESOURCE
PLANNING
IN2024
(ENTERPRISE RESOURCE PLANNING STATS
AND GROWTH PROJECTIONS IN 2024)
CONTENTS
• ALL ABOUT ERP SOFTWARE
• THE CURRENT STATS ON ERP
ADOPTIONS
• GROWTH PROJECTIONS FOR ERP IN 2024
• THE ROLE OF DATA IN ERP
TRANSFORMATION
• TOP ERP TRENDS FOR 2024
• CONCLUSION
• ERP (Enterprise Resource Planning) is a
comprehensive software solution that
seamlessly integrates and manages core
business processes.
• With modules covering finance, human
resources, supply chain, manufacturing,
sales, and more, ERP becomes the
backbone of organizational efficiency.
• In the face of rapid technological
advancements and evolving business
landscapes, staying current with ERP trends
is imperative.
• Ensuring competitiveness and operational
efficiency in this dynamic environment is
crucial for businesses seeking sustained
success.
• The ability to adapt and leverage the latest
in ERP technology becomes a strategic
advantage, enabling organizations to thrive
amidst change.
3
Allabout
ERPSoftware
4
TheCurrentState
ofERPAdoption
Statistics related to Global ERP Adoption:
• 70% of global organizations have adopted ERP
systems, streamlining their operations.
• ERP's widespread adoption showcases its
pivotal role in enhancing business efficiency.
Industry-wise Adoption Rates:
• Industries like manufacturing and finance lead
in ERP adoption, with rates exceeding 80%.
• Emerging sectors, such as healthcare, exhibit a
growing interest in ERP solutions.
Challenges and Future Opportunities:
• Challenges include integration complexities and
high implementation costs.
• Overcoming these challenges presents
opportunities for improved efficiency and
competitive advantage.
.
Source : https://www.linkedin.com/pulse/21-erp-software-statistics-every-business-should-know-
sagesoftware#:~:text=More%20than%2070%25%20of%20large,ROI%20from%20their%20ERP%20implementation. https://learn.g2.com/erp-statistics
5
GrowthProjections
forERPin2024
Statistics related to Global ERP Adoption:
• 70% of global organizations have adopted ERP
systems, streamlining their operations.
• ERP's widespread adoption showcases its
pivotal role in enhancing business efficiency.
Industry-wise Adoption Rates:
• Industries like manufacturing and finance lead
in ERP adoption, with rates exceeding 80%.
• Emerging sectors, such as healthcare, exhibit a
growing interest in ERP solutions.
Challenges and Future Opportunities:
• Challenges include integration complexities and
high implementation costs.
• Overcoming these challenges presents
opportunities for improved efficiency and
competitive advantage.
.
Source : https://www.thebusinessresearchcompany.com/report/erp-software-global-market-report
https://www.linkedin.com/pulse/asia-pacific-erp-software-market-2024-size-share-ri6df/
https://www.linkedin.com/pulse/erp-software-market-size-witness-promising-growth-rate-aboli-more
• Data plays a pivotal role in ERP transformation
by providing real-time insights for informed
decision-making and driving strategic changes
within organizations, ensuring adaptability and
sustained success in dynamic business
landscapes.
• It serves as the cornerstone, guiding the
evolution of ERP systems towards greater
efficiency, agility, and responsiveness.
• Real-time Analytics and Reporting:
• ERP systems provide real-time analytics,
empowering organizations with immediate
insights.
• This trend facilitates data-driven decision-
making for a competitive edge.
6
TheRoleof
DatainERP
Transformation
• Data-driven Decision Making:
• ERP's focus on data-driven decision-making
enhances strategic planning.
• Organizations leverage data analytics within
ERP to meet the customer demand before
competition.
• Security Measures for Data Protection:
• ERP systems implement robust security
measures to protect against data breaches.
• Compliance protocols ensure data protection
in accordance with evolving regulations.
7
TheRoleof
DatainERP
Transformation
Here's a look at the top ERP trends for 2024 and beyond –
• Mobile Accessibility –
o Year 2024 will see more use of mobile ERP applications.
o The demand for speedier and responsive systems is leading
to a surge in mobile accessibility.
o Businesses will be able to retrieve information at their
convenience.
o Mobile ERP apps would power operations ‘on the go’
including CRM, proof of delivery, warehouse, point of sale,
purchase approval, etc.
• Cloud-Based ERP Solutions:
o Cloud computing gained popularity in recent years and
continues a growth trajectory.
o The key driver is its on-demand access to business metrics.
o Cloud computing allows easy scaling without substantial
infrastructure costs.
o ERP on the cloud, in a SaaS format, offers a cost-effective and
flexible alternative to on-premises solutions.
8
TopERPTrends
For2024
• AI and Machine Learning:
o ERP systems will incorporate AI and ML for predictive
analytics and smart automation, enhancing decision-making
and efficiency.
• IoT Integrations:
o Integrating IoT into ERP will provide real-time insights into
supply chain processes, improving visibility and operational
efficiency.
• Business Intelligence:
o ERP advancements will bolster business intelligence (BI),
elevating data analytics capabilities.
o Analyzing key performance indicators (KPIs) enables
businesses to pinpoint improvement opportunities and
forecast future trends.
o BI becomes invaluable during business downtime or crises,
empowering organizations to make faster, informed
decisions.
9
TopERPTrends
For2024
• ERP Customizations
o Customizations optimize workflows to perfectly align with
unique business processes, ensuring maximum efficiency.
o Enhances ERP interface and functionalities for improved user
adoption and increased productivity.
o Facilitates ERP scalability to ensure seamless adaptation to
business growth and market changes.
o Tailored reporting and analytics provide specific insights for
data-driven decision-making and a competitive advantage.
• Evolving Role of UX in ERP
o ERP systems will prioritize user-friendly interfaces to enhance
overall user experience.
o Improved UX fosters user adoption and engagement.
o ERP applications will become more mobile-friendly, allowing
users on-the-go access.
o Continuous training programs and effective onboarding
strategies will be of prime focus to improve user experience.
o A focus on UX ensures users can navigate ERP systems
intuitively. 10
TopERPTrends
For2024
• Industry-specific ERP Customization
o The trend of tailoring ERP solutions for specific industries
continues.
o Industry-specific modules address unique challenges,
enhancing ERP’s effectiveness.
o Vertical-specific modules cater to the distinct needs of sectors
like healthcare, manufacturing, etc.
o These modules optimize processes, ensuring industry-
relevant solutions.
o Industry-specific customization significantly enhances
operational efficiency.
• Block chain Integration
o In the year 2024, large number of ERP solution providers
integrating their offerings with block chain technology.
o This integration is likely to enhance faith of stakeholders and
increase transparency of transactions.
11
TopERPTrends
For2024
• Focus On Cybersecurity
o ERP systems will integrate adaptive cybersecurity measures
to effectively respond to emerging threats.
o Proactive cybersecurity ensures robust integrity and
protection of critical ERP data.
o It also maintains compliance with dynamic data protection
regulations.
o Rigorous compliance measures within ERP act as a
safeguard against potential legal and regulatory risks.
o ERP systems with advanced capabilities shields against
emerging cybersecurity threats, preserving the integrity of
data.
o Proactive measures embedded within ERP effectively
mitigate risks associated with the ever-evolving landscape
of cyber threats.
12
TopERPTrends
For2024
• Sustainable ERP Practices
o ERP integrates sustainability into core practices, aligning it
with corporate ethics.
o Adoption of green supply chain management gains
momentum with ERP systems.
o ERP actively contributes to eco-friendly operations
throughout the supply chain.
o Meticulous measurement and transparent reporting of
sustainability metrics can be achieved by ERP systems.
o Organizations leverage ERP for precise reporting,
emphasizing transparency and accountability in
environmental impact.
o ERP solutions will identify ways to reduce delivery routes,
lower power consumption, and improve product traceability.
13
TopERPTrends
For2024
CONCLUSION
14
• Moving into 2024, the ERP software industry
is experiencing a positive shift, witnessing
growth across various sectors and embracing
innovative technologies.
• The current trends in the ERP sector indicate a
transformative impact on how businesses
operate, ushering in a new era of data-driven
decision-making and increased market
responsiveness.
• These evolving ERP trends promise substantial
benefits, including time and resource savings,
improved data monitoring, and strategic
resource utilization planning.
CONCLUSION
15
• Organizations that are quick to adopt and adapt
to these trends position themselves ahead of
the competition, maximizing the efficiency of
their investments.
• Notably, BatchMaster ERP emerges as a
cutting-edge solution designed specifically for
process manufacturers. Offering profound data
insights, seamless system integration, cloud
compatibility, and backed by over 30 years of
ERP expertise, BatchMaster stands as a reliable
choice.
• For further exploration of BatchMaster ERP and
its capabilities, please don't hesitate to reach
out to us.
THANKYOU
16
www.batchmaster.co.in

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2024 Trends Transforming Enterprise Resource Planning

  • 2. CONTENTS • ALL ABOUT ERP SOFTWARE • THE CURRENT STATS ON ERP ADOPTIONS • GROWTH PROJECTIONS FOR ERP IN 2024 • THE ROLE OF DATA IN ERP TRANSFORMATION • TOP ERP TRENDS FOR 2024 • CONCLUSION
  • 3. • ERP (Enterprise Resource Planning) is a comprehensive software solution that seamlessly integrates and manages core business processes. • With modules covering finance, human resources, supply chain, manufacturing, sales, and more, ERP becomes the backbone of organizational efficiency. • In the face of rapid technological advancements and evolving business landscapes, staying current with ERP trends is imperative. • Ensuring competitiveness and operational efficiency in this dynamic environment is crucial for businesses seeking sustained success. • The ability to adapt and leverage the latest in ERP technology becomes a strategic advantage, enabling organizations to thrive amidst change. 3 Allabout ERPSoftware
  • 4. 4 TheCurrentState ofERPAdoption Statistics related to Global ERP Adoption: • 70% of global organizations have adopted ERP systems, streamlining their operations. • ERP's widespread adoption showcases its pivotal role in enhancing business efficiency. Industry-wise Adoption Rates: • Industries like manufacturing and finance lead in ERP adoption, with rates exceeding 80%. • Emerging sectors, such as healthcare, exhibit a growing interest in ERP solutions. Challenges and Future Opportunities: • Challenges include integration complexities and high implementation costs. • Overcoming these challenges presents opportunities for improved efficiency and competitive advantage. . Source : https://www.linkedin.com/pulse/21-erp-software-statistics-every-business-should-know- sagesoftware#:~:text=More%20than%2070%25%20of%20large,ROI%20from%20their%20ERP%20implementation. https://learn.g2.com/erp-statistics
  • 5. 5 GrowthProjections forERPin2024 Statistics related to Global ERP Adoption: • 70% of global organizations have adopted ERP systems, streamlining their operations. • ERP's widespread adoption showcases its pivotal role in enhancing business efficiency. Industry-wise Adoption Rates: • Industries like manufacturing and finance lead in ERP adoption, with rates exceeding 80%. • Emerging sectors, such as healthcare, exhibit a growing interest in ERP solutions. Challenges and Future Opportunities: • Challenges include integration complexities and high implementation costs. • Overcoming these challenges presents opportunities for improved efficiency and competitive advantage. . Source : https://www.thebusinessresearchcompany.com/report/erp-software-global-market-report https://www.linkedin.com/pulse/asia-pacific-erp-software-market-2024-size-share-ri6df/ https://www.linkedin.com/pulse/erp-software-market-size-witness-promising-growth-rate-aboli-more
  • 6. • Data plays a pivotal role in ERP transformation by providing real-time insights for informed decision-making and driving strategic changes within organizations, ensuring adaptability and sustained success in dynamic business landscapes. • It serves as the cornerstone, guiding the evolution of ERP systems towards greater efficiency, agility, and responsiveness. • Real-time Analytics and Reporting: • ERP systems provide real-time analytics, empowering organizations with immediate insights. • This trend facilitates data-driven decision- making for a competitive edge. 6 TheRoleof DatainERP Transformation
  • 7. • Data-driven Decision Making: • ERP's focus on data-driven decision-making enhances strategic planning. • Organizations leverage data analytics within ERP to meet the customer demand before competition. • Security Measures for Data Protection: • ERP systems implement robust security measures to protect against data breaches. • Compliance protocols ensure data protection in accordance with evolving regulations. 7 TheRoleof DatainERP Transformation
  • 8. Here's a look at the top ERP trends for 2024 and beyond – • Mobile Accessibility – o Year 2024 will see more use of mobile ERP applications. o The demand for speedier and responsive systems is leading to a surge in mobile accessibility. o Businesses will be able to retrieve information at their convenience. o Mobile ERP apps would power operations ‘on the go’ including CRM, proof of delivery, warehouse, point of sale, purchase approval, etc. • Cloud-Based ERP Solutions: o Cloud computing gained popularity in recent years and continues a growth trajectory. o The key driver is its on-demand access to business metrics. o Cloud computing allows easy scaling without substantial infrastructure costs. o ERP on the cloud, in a SaaS format, offers a cost-effective and flexible alternative to on-premises solutions. 8 TopERPTrends For2024
  • 9. • AI and Machine Learning: o ERP systems will incorporate AI and ML for predictive analytics and smart automation, enhancing decision-making and efficiency. • IoT Integrations: o Integrating IoT into ERP will provide real-time insights into supply chain processes, improving visibility and operational efficiency. • Business Intelligence: o ERP advancements will bolster business intelligence (BI), elevating data analytics capabilities. o Analyzing key performance indicators (KPIs) enables businesses to pinpoint improvement opportunities and forecast future trends. o BI becomes invaluable during business downtime or crises, empowering organizations to make faster, informed decisions. 9 TopERPTrends For2024
  • 10. • ERP Customizations o Customizations optimize workflows to perfectly align with unique business processes, ensuring maximum efficiency. o Enhances ERP interface and functionalities for improved user adoption and increased productivity. o Facilitates ERP scalability to ensure seamless adaptation to business growth and market changes. o Tailored reporting and analytics provide specific insights for data-driven decision-making and a competitive advantage. • Evolving Role of UX in ERP o ERP systems will prioritize user-friendly interfaces to enhance overall user experience. o Improved UX fosters user adoption and engagement. o ERP applications will become more mobile-friendly, allowing users on-the-go access. o Continuous training programs and effective onboarding strategies will be of prime focus to improve user experience. o A focus on UX ensures users can navigate ERP systems intuitively. 10 TopERPTrends For2024
  • 11. • Industry-specific ERP Customization o The trend of tailoring ERP solutions for specific industries continues. o Industry-specific modules address unique challenges, enhancing ERP’s effectiveness. o Vertical-specific modules cater to the distinct needs of sectors like healthcare, manufacturing, etc. o These modules optimize processes, ensuring industry- relevant solutions. o Industry-specific customization significantly enhances operational efficiency. • Block chain Integration o In the year 2024, large number of ERP solution providers integrating their offerings with block chain technology. o This integration is likely to enhance faith of stakeholders and increase transparency of transactions. 11 TopERPTrends For2024
  • 12. • Focus On Cybersecurity o ERP systems will integrate adaptive cybersecurity measures to effectively respond to emerging threats. o Proactive cybersecurity ensures robust integrity and protection of critical ERP data. o It also maintains compliance with dynamic data protection regulations. o Rigorous compliance measures within ERP act as a safeguard against potential legal and regulatory risks. o ERP systems with advanced capabilities shields against emerging cybersecurity threats, preserving the integrity of data. o Proactive measures embedded within ERP effectively mitigate risks associated with the ever-evolving landscape of cyber threats. 12 TopERPTrends For2024
  • 13. • Sustainable ERP Practices o ERP integrates sustainability into core practices, aligning it with corporate ethics. o Adoption of green supply chain management gains momentum with ERP systems. o ERP actively contributes to eco-friendly operations throughout the supply chain. o Meticulous measurement and transparent reporting of sustainability metrics can be achieved by ERP systems. o Organizations leverage ERP for precise reporting, emphasizing transparency and accountability in environmental impact. o ERP solutions will identify ways to reduce delivery routes, lower power consumption, and improve product traceability. 13 TopERPTrends For2024
  • 14. CONCLUSION 14 • Moving into 2024, the ERP software industry is experiencing a positive shift, witnessing growth across various sectors and embracing innovative technologies. • The current trends in the ERP sector indicate a transformative impact on how businesses operate, ushering in a new era of data-driven decision-making and increased market responsiveness. • These evolving ERP trends promise substantial benefits, including time and resource savings, improved data monitoring, and strategic resource utilization planning.
  • 15. CONCLUSION 15 • Organizations that are quick to adopt and adapt to these trends position themselves ahead of the competition, maximizing the efficiency of their investments. • Notably, BatchMaster ERP emerges as a cutting-edge solution designed specifically for process manufacturers. Offering profound data insights, seamless system integration, cloud compatibility, and backed by over 30 years of ERP expertise, BatchMaster stands as a reliable choice. • For further exploration of BatchMaster ERP and its capabilities, please don't hesitate to reach out to us.