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Last updated on 2024年6月25日

Here's how you can effectively manage and analyze data using new technology in ERP.

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In the world of business, managing and analyzing data is akin to navigating a vast ocean. With the right tools and technologies, Enterprise Resource Planning (ERP) systems become the compass and map that guide enterprises through the complexities of data management. ERP integrates various business processes into a single, cohesive system, streamlining operations and improving decision-making. As new technologies emerge, they enhance ERP systems' capabilities, enabling businesses to handle their data with greater efficiency and precision.

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Kunal Sethi

Microsoft MVP | Global Technology Leader | Building the future with AI and GenAI | Driving Digital Transformation |…

1 Data Integration

Modern ERP systems offer seamless data integration, allowing you to consolidate information from various sources into a single repository. This integration is crucial for maintaining data consistency and accuracy across your organization. With advanced tools, you can now automate data collection from different departments , such as sales, finance, and supply chain, ensuring that everyone has access to up-to-date information. This holistic view of data facilitates better analysis and strategic planning.

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Kunal Sethi

Microsoft MVP | Global Technology Leader | Building the future with AI and GenAI | Driving Digital Transformation | Dynamics 365 | Power Platform | Business Application | CRM | ERP | Advisor | Automation | Strategy
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1. Embrace New Tech a) In-Memory Computing: Analyze real-time data for faster insights & proactive decision-making. b) Big Data Analytics: Unlock hidden trends & patterns from vast datasets within your ERP system. c) Machine Learning: Automate tasks like forecasting demand & optimizing inventory levels. 2. Master Data Management a) Data Quality is Key: Cleanse & standardize data to ensure accurate analysis & reporting. b) Self-Service Analytics: Empower users with user-friendly tools for data exploration & visualization. 3. Actionable Insights a) Focus on Storytelling: Translate data into clear, actionable insights for better business decisions. b) Dashboards & KPIs: Create real-time dashboards to monitor key performance indicators (KPIs)

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2 Real-Time Analytics

The power of real-time analytics in ERP cannot be overstated. You now have the ability to monitor business performance as events occur, enabling immediate response to emerging trends and issues. This instant access to data helps you make informed decisions swiftly, reducing reaction times and giving you a competitive edge. Leveraging new technology, ERP systems can display dashboards with key performance indicators (KPIs) that are vital for tracking your business's health.

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3 Cloud Computing

Cloud computing has revolutionized ERP by offering scalable, flexible, and cost-effective solutions. By hosting your ERP system on the cloud, you gain the advantage of accessing your data from anywhere, at any time . This mobility is especially beneficial for businesses with multiple locations or those that require remote work capabilities. Cloud-based ERP also reduces the need for in-house IT infrastructure, lowering maintenance costs and simplifying system upgrades.

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4 AI and Machine Learning

Artificial Intelligence (AI) and Machine Learning (ML) are transforming ERP systems into smart platforms capable of predictive analysis and automated decision-making . These technologies can identify patterns in large datasets, forecast future trends, and suggest actions to optimize business processes. By incorporating AI and ML into your ERP system, you can enhance accuracy in demand forecasting, inventory management, and customer service, among other areas.

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5 IoT Integration

The Internet of Things (IoT) extends the data management capabilities of ERP by connecting physical assets to digital networks. IoT devices can transmit real-time data about inventory levels , equipment status, and environmental conditions directly into your ERP system. This integration enables proactive maintenance, improved asset tracking, and more efficient operations. With IoT, your ERP becomes a nerve center that not only manages data but also interacts with the physical world.

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6 Advanced Reporting

Finally, new technology has greatly improved reporting functions within ERP systems. Advanced reporting tools allow you to create comprehensive, customizable reports that can provide deep insights into your business operations. These reports can be generated with just a few clicks and often include visual representations like graphs and charts, making data analysis more intuitive and actionable . With improved reporting, you can identify areas for improvement and celebrate successes with clarity.

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Ishwar Malvi??

Founder @GeminateCS ?? ?? | Helping Businesses in Digital Transformation | Entrepreneur | Enterprise Architect | ERP | CRM | Odoo | AI | Android | IOS | Website | E-Commerce Consultant
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Effectively managing and analyzing data in ERP using new technology hinges on advanced reporting. this involves using sophisticated tools to gather, organize and interpret data from various sources within the ERP system. by leveraging these technologies, such as data visualization and predictive analytics, businesses can generate comprehensive reports that offer actionable insights. this capability not only improves decision-making but also enhances operational efficiency by identifying trends, anomalies and opportunities in real-time.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Jose Roberto Funari

Sócio-Diretor da Consulting Now de S?o Bernardo do Campo/SP | Consultor em Gest?o Empresarial Focado em Transforma??o Organizacional e Otimiza??o de Processos para PME's
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Os sistemas ERP modernos consolidam dados de várias fontes, facilitando a análise estratégica. A análise em tempo real permite monitorar o desempenho e tomar decis?es rápidas. A computa??o em nuvem oferece flexibilidade e reduz custos de TI. IA e Machine Learning preveem tendências e otimizam processos. A integra??o com IoT melhora o rastreamento e manuten??o proativa. Relatórios avan?ados proporcionam insights profundos e visualiza??es intuitivas. Por exemplo, uma empresa de manufatura que integrou IoT em seu ERP monitora o ch?o de fábrica em tempo real, permitindo manuten??o proativa dos equipamentos e otimizando a produ??o.

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Here's how you can effectively manage and analyze data using new technology in ERP.

1

2

3

4

5

6

7

1 Data Integration

2 Real-Time Analytics

3 Cloud Computing

4 AI and Machine Learning

5 IoT Integration

6 Advanced Reporting

7 Here’s what else to consider

Enterprise Resource Planning (ERP)

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Here's how you can effectively manage and analyze data using new technology in ERP.

1

2

3

4

5

6

7

1 Data Integration

2 Real-Time Analytics

3 Cloud Computing

4 AI and Machine Learning

5 IoT Integration

6 Advanced Reporting

7 Here’s what else to consider

Enterprise Resource Planning (ERP)

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