Four key technologies promise to drive digital transformation over the next five years. They are expected to shape small- and medium-sized business investment strategies and priorities across industry sectors.

Technology is driving digital transformation and creating a futurescape where artificial intelligence (AI), the Industrial Internet of Things (IIoT), automation, and blockchain are converging in what some futurists call the fourth industrial revolution or Industry 4.0.

Digital transformation marks a radical rethinking of how organizations use technology, people, and processes to fundamentally change business performance. In the next five years, key technologies— including AI, IoT, automation, and blockchain—promise to better enable how companies use data-driven insights to improve operations and boost ROI.

 

MFG-Technologies-Driving-Digital-Transformation-WP-ENS

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.


The confluence of an improved market outlook, the shift to the cloud, the pressure of digital transformation, and replacement cycle dynamics have 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 based on 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.

 

20191003 CR R Wang Market Overview Global Cloud ERP

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.