You’re probably hearing the term Internet of Things (IoT) more and more in the manufacturing space, but what does it mean? Should you be paying attention? If you want to gain information previously unavailable from the machines you interact with every day—the answer is yes. IoT provides extra data that offers unique insights into your business and allows you to make decisions and take actions to grow. It’s a piece of a larger conversation around digital transformation and can increase efficiency in your business.

 

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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.


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.

 

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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.


In an industry like manufacturing that’s remained the backbone of economies all over the world for centuries, change has always been a constant. After all, transformation is at the heart of manufacturing, utilizing the resources and raw materials of the world to create objects that are more valuable than the sum of their parts. But in 2021, the world’s most valuable resource isn’t something that can be formed into a shape. Well, not exactly.

Here’s how Data and Analytics are destined to be one of the most valuable resources for manufacturers moving forward.

 

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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.

 

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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.


You have likely experienced the interminable hourglass spin while trying to open a large spreadsheet, or have spent multiple hours manually typing handwritten information into a system. In our data-driven world, it is safe to say that troubled encounters with large quantities of data are becoming the norm. Our data footprint has increased considerably over the past 15 years, jumping from 130 billion to 40 trillion gigabytes between 2005 and 2021. The data revolution opened up opportunities for organizations to analyze human behavior more deeply and develop more refined business strategies.

 

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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.


Recent technologies including artificial intelligence (AI), analytics, the cloud, the Internet of Things (IoT), machine learning, mobility, and robotics have the potential to connect billions of transactions to and from disparate systems, to smart machines, and unimaginable amounts of data.

To remain competitive, manufacturers must deliver high-quality, innovative products and get them to market faster. By making better use of data, manufacturers can better predict customer demand, quickly adjust to changes in the marketplace, accelerate the engineer-to-order process, and communicate more efficiently within an optimized value chain.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm specializing 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, and 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 Internet of Things (IoT) allows manufacturers to connect their systems, sensors, machines, and people like never before. Now, Epicor ERP users can more easily capitalize on this increasingly essential capability with Epicor IoT. Epicor IoT leverages the power of Microsoft Azure IoT Hub with the context and in-depth data of Epicor ERP. With Epicor IoT, you get even more intelligent insight into the operations and day-to-day activities of your enterprise.

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm specializing 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, and 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.


Manufacturers face several challenges. Whether it’s market volatility, supply chain risk, finding value in your data, rising customer expectations, or serious skill shortages, the entire industry is feeling the crunch.

You’ve probably heard that Industry 4.0, cloud, and Internet of Things (IoT) can help with these challenges, but to what extent? How can modernizing your operation with a connected manufacturing strategy help you grow?

 

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About Encompass Solutions

Encompass Solutions is a business and software consulting firm specializing 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, and 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.


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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, and 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.


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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, and 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.