The Internet of Things is the new frontier. However, generations of ERP systems were not designed to handle global networks of sensors and devices.
Enterprise resource planning (ERP) systems have been on the scene for many years now, spitting out and consuming data on a range of functions, from the production-floor to the finance office. Now, with the rise of the Internet of Things (IoT), an entire new frontier is opening up. However, so far, there is precious little connectivity between the older world of ERP and this new frontier of IoT.
That’s the takeaway of a recent IFS survey of 200 marketing and contracting managers, which finds that only 16% consume IoT data in enterprise resource planning (ERP) software. “That means 84% of industrial companies face a disconnect between data from connected devices and strategic decision making and operations, limiting the digital transformation potential of IoT,” the report’s authors state.