• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 19, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech

Why Your ERP Should Be Digitally Transformed?

by Guest
July 6, 2017 - Updated On December 8, 2021
in Tech
Reading Time: 4 mins read
1
Digital Transformation
TwitterWhatsappLinkedin

ERP Digital Transformation

You might also like

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

Report: OpenAI and UAE Partner to Build Massive Data Center

Change is the only constant thing and hearing that through the ages have not diminished the effectiveness of the essence of the phrase. What we are currently undergoing is the fourth industrial revolution and why should it not be rightly called so, we have been through the first industrial revolution (water and steam powered), the second (mass production, assembly line, electricity) and the third (computer and automation).

While many companies are still understanding and adopting automation, we have already crossed the threshold and entered the fourth industrial revolution – the Fourth (cyber-physical systems)

Customers are purchasing smart, employees are demanding a challenging work environment and the veil of transparency between a customer and a company is getting thinner. In such case, just having a smart system is not the only solution.

What the company needs is to break their age-old concepts, embrace new ones, motivate young people and ideas, in the end, study the customer’s need well, and design products that fit them well.

What is needed today is digital transformation. Not only of the software but the process and the business as a whole.

Digital Transformation is the continuous adoption of digital technologies in business that cause vital changes in the operations and the way that they value their customers.

You may have heard of IoT, Big Data, hyper-connectivity, cloud computing, etc. While these do sound mindful, these have been existing for a long time now and it is only now that we are technologically equipped to use them.

Digital Transformation and consumers

Understanding Customer Need:

Customers are the ultimate destination to a product or a service. They are the ones who make or break a business. Moreover, today, with the advent of Social Media, there is more power to the customer, his likes and dislikes.

By integrating a Social CRM to your ERP system, know what the consumers are talking about your brand and the general opinion about your brand in your audience.

With a powerfully integrated marketing function, target customers on a personal level and capture responses of surveys, feedback in the system itself to get the inclination of the targeted audience.

Data Analytics, Investment and Divestment:

Sometimes market goes at its worst leaving corporate leaders to face financial catastrophes. The big responsibility at such times lies on the shoulders of business leaders. They are the authority to decide where to divest and where to invest. This is where cost cutting through digitalization comes into focus.

Digitalization can be effective for both big and small companies. However, some misinterpret digitalization as marketing but it is not all about digitization. Real cost cutting through digitization is applicable for internal communications, operations, finance, and overall customer engagement.

Data today is an asset to any company and especially for an e-commerce company, where there are millions of transactions happening every day, the finer the study of their data is done, the better they can monetize from each of their customers.

Here, investing in developing big data and researchers will help the management to categorize and focus on profitable products and services and doing away with other non-profit generating segments.

Hyperconnectivity, Improved TAT and reduction in inventory wastage:

We are moving towards a hyper-connected business environment where a small change in process one can lead to a major change in another.

Hyper-connectivity simply means the communication of network between person-to-person, person to machine and machine to machine. Our cell phones are the best example of a hyper-connected world.

Now imagine a scenario in a business environment, where the sales person is able to present his product in front of the client in a live situation on a handheld device (tablet), and confirm the stock availability on basis of information available from the inventory department and block them for the customer simultaneously by payment against invoice created then and there.

Where this process should have taken weeks, it just takes some minutes. While we can applaud the Cloud technology and the real-time availability of data, we need to understand that hyper-connectivity is at play here. Connected devices and machines are bringing all the processes and departments on one platform. This gives a clarity of data, visibility of finances and transparency of data leakages if any.

Reduction in inventory wastage is a dream come true for all product companies and why should it not be so? Overproduction and inventory wastes form huge number. ERP is one such ERP that can help you bring all your processes on one platform and give you complete control over all your operations.

Related Read: Tech Trends That Will Take Over In 2017

(Disclaimer: This is a guest post submitted on Techstory by the mentioned authors. All the contents and images in the article have been provided to Techstory by the authors of the article. Techstory is not responsible or liable for any content in this article.)

About The Author

Mugdhita Chaphekar is a Web Content Writer with more than 2 years of experience in writing several kinds of content. She has the passion for web and loves offering assistance and inspiration wherever possible. She works for Sage Software Solutions Pvt Ltd. She has an in-depth knowledge of technology combined with content writing experience and is willing to explore new technologies.

 

Tags: Data Analyticsdata leakagesDigital TransformationDigitalizationDivestmententerprise resource planningHyperconnectivityInvestment
Tweet54SendShare15
Previous Post

Google’s Patent To Value The Recommendations Made In Social Media

Next Post

Pi Ventures Hires Shamik Sharma as Venture Partner

Guest

Recommended For You

Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

by Samir Gautam
May 18, 2025
0
Antonio Filosa Emerges as Leading Candidate for Stellantis CEO Role Amid Strategic Crossroads

Antonio Filosa, the executive currently leading Stellantis’ U.S. operations, has emerged as the top contender to succeed outgoing CEO Carlos Tavares, according to reports from Bloomberg. As Stellantis...

Read more

DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

by Thomas Babychan
May 18, 2025
0
DRDO Confirms AMCA Stealth Fighter Jet to Be Ready by 2035

India is preparing to enter a new era in military aviation with the development of its first fifth-generation stealth fighter jet, the Advanced Medium Combat Aircraft (AMCA). The...

Read more

Report: OpenAI and UAE Partner to Build Massive Data Center

by Sneha Singh
May 18, 2025
0
Report: OpenAI and UAE Partner to Build Massive Data Center

Tech giant OpenAI will be part of building what may be one of the world's biggest data centres in the United Arab Emirates, a Bloomberg News report published...

Read more
Next Post
pi ventures shamik sharma

Pi Ventures Hires Shamik Sharma as Venture Partner

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?