Unlocking Real-Time ERP Insights: A Game Changer for Business Intelligence
Dan Harris
Chief Revenue Officer (CRO) @ Cloudaeon | Leading GTM and revenue growth. Host of the Data Leaders Executive Lounge.
Enterprise Resource Planning (ERP) data is the backbone of many businesses, offering essential insights into operations, finances, and more. However, when this data isn't integrated with other business systems, it only tells part of the story. To truly become a data-driven organisation, companies must ensure that their ERP data is not only up to date but also synthesised with other enterprise data sources in real-time.
But achieving this is easier said than done.
The Real-Time ERP Data Challenge
A global survey by Dimensional Research and Fivetran revealed a staggering 99% of companies face significant challenges in developing reliable ERP data pipelines. The problem is further exacerbated when ERP data arrives out of date in reports and dashboards. This stale data leads to poor decision-making, and as the saying goes...
"Good decisions made on bad data are still bad decisions."
So why have only 23% of companies been able to overcome this challenge? The answer lies in the complex and costly nature of real-time ERP data integration.
Barriers to Real-Time ERP Data Adoption
In a study of 180 data leaders, six consistent challenges emerged that block the widespread adoption of real-time ERP data:
1. Complex Integration: Years of customisation, poor documentation, and intricate data relationships make ERP integration a daunting task.
2. Risk of Business Disruption: Companies fear that integrating ERP data could disrupt critical business processes.
3. Increased Strain on ERP Systems: Adding extra load on ERP systems often leads to the rejection of integration projects.
4. Expensive Software Licenses: The high cost of additional ERP modules and tools makes it difficult to start integration projects.
5. Incompatible Languages: Both programmatic and linguistic incompatibilities make collaboration between ERP and data teams challenging.
6. Scarcity of Skilled Resources: A significant skills gap exists between ERP specialists and modern data stack experts.
Moreover, 65% of businesses cite complexity and cost as major obstacles to gaining real-time ERP data insights. With 75% of ERP projects failing, and 45% of successful ones running late and over budget, it's no wonder businesses hesitate to take on such risky and expensive initiatives. ECI Solutions estimates the cost of achieving real-time ERP data insights to be ￡1.1M in the first year, with ROI typically realised only after two years.
Introducing Cloudaeon 's Innovation Lab
A service purpose-built to remove the barriers to real-time ERP data integration. The Innovation Lab provides:
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- Active Insights on Live Data: By integrating real-time ERP data into dashboards, business leaders can make faster, more informed decisions, gaining a competitive edge.
- Enriched and Enhanced Data: The lab integrates non-ERP data from various sources, improving decision-making and enhancing the accuracy of AI models.
- Zero Disruption to Business Processes: ERP systems continue running smoothly without requiring changes to critical workflows.
The key to success? Replication, not migration.
Why Replication is the Better Solution
Instead of migrating ERP systems to a cloud-based stack, a process that's expensive, disruptive, and often met with resistance. Cloudaeon advocates for replication. This approach is cost-effective, seamless, and ensures that ERP systems continue running critical processes undisturbed while your data platform handles analytics.
How the Innovation Lab Works
The Innovation Lab process begins with a 'week zero' workshop, where a Mutual Action Plan (MAP) is developed for the following four weeks. A dedicated squad, including ERP experts, data engineers, data architects, and project managers, work on deliverables using a digital twin and synthetic data, eliminating the need for access to production or PII data.
No need for basis teams, infosec approval, or lengthy data processing agreements means you can start today, not in six months.
What the Innovation Lab Delivers
In just two sprints (4 weeks), Cloudaeon's Innovation Lab will provide:
- A proof of concept in a working prototype
- Documented data architecture and data pipeline from source to visualisation
- A proof of value business case to support a funding request for production
And for a limited time, this service is 100% FREE as part of our BETA program.
Apply for the BETA Program
If you’re ready to unlock real-time insights without adding load to your ERP systems but still want enriched data from your ERP systems to land instantly in executive dashboards, apply for the BETA program today.