ERP unlikely to be over-shadowed by cloud
Software as a service and other cloud-based offerings are replacing in-house IT at a steady clip, but that doesn't mean enterprises should be thinking about giving up their ERP systems. Enterprise IT will remain a crucial--yet evolving--component in ensuring consistency across systems and data security even as on-demand services play a growing role around the edges, writes Mark Willford, technology ecosystems and offerings lead at Accenture.
Enterprises need a "universal operating model" to make the most efficient use of back-office functions and support growth in the most effective way, Willford writes in a post at Baseline magazine. Using the same metrics, reporting systems and data fields throughout the enterprise reduces business uncertainties.
Large IT systems also enable companies to simplify their suite of applications, which goes a long way in helping standardize operations. They help create a "single version of the truth," which can increase efficiency, accelerate decision making and lead to cost savings.
Managing sensitive data continues to be a challenge, and cloud offerings tend not to instill confidence in greater data security and reliability. On-site ERP systems will continue to provide the necessary safeguards to ensure compliance, particularly when it comes to financial data.
- see Mark Willford's post at Baseline