How AI and IoT Are Shaping the Next Generation of Manufacturing ERP Software

In the past, the main business processes supported by the traditional ERP systems included finance, production, inventory and supply chain management. They were efficient and structured platforms but small in scale. They served as systems of record to a large extent--to capture data and carry out transactions--without giving any deep real time insights. Consequently, the process of decision-making tended to rely on historical reports, which resulted in delays and put businesses in a reactive but not proactive mode.
With the emergence of Industry 4.0, this has changed all of that. ERP is not a tool of the back-office as it used to be today; it has transformed into a dynamic and intelligent and highly connected ecosystem. Modern Manufacturing ERP Software can serve the needs of digital-first companies and combine the latest technologies including predictive analytics, artificial intelligence, cloud computing, and machine learning.