ERP technology is constantly evolving from the moment of its inception. New modules, features, extensions, or functionality are added as business requirements expand and continue to grow. The relevance of ERP in business enterprise management can never be ignored. Automated processes and improved visibility into operations across organizations result in cost reductions that help them achieve a competitive advantage over players in the marketplace. While a lot of progress has already been made in ERP software development, it’s not standing still either. There are many new aspects to discover in this field in the coming years. Here is a short list of some of the most anticipated changes to come in ERP technology in 2018.

#1 Cloud-based solutions will become more prevalent

Cloud-based ERP will be a pervasive transformation in the ERP field in the coming year and beyond, with most software development companies increasing their cloud offerings by multiples. While many effective cloud solutions provided by top-rated providers are already on the market, such as Microsoft Dynamics 365, SAP S4HANA, Oracle Cloud, the scenario will change for small and medium providers as well. Therefore, the coming year will see major conflicts between normal ERP software and cloud-based solutions. However, cloud-based ERP is sure to gain wide acceptance everywhere.

#2 Legacy ERP software will fade

As more and more ERP software vendors come to market with innovative, customizable and versatile solutions, organizations are moving from their restrictive legacy software systems to tailor-made solutions. ERP providers are proficient in developing solutions that are perfectly tailored to each particular business requirement. They can add new features, modify existing modules, or provide long-term support to solutions. Therefore, legacy systems will deteriorate in the coming year with more organizations migrating to modern ERP.

#3 Big Data analytics will come to light

A big positive trend that will emerge in the coming year is Big data, which makes companies capable of managing large data sets with greater precision or minimal chance of error. Big data helps companies find real-time insights into customer demands and market patterns. Now, most companies have to rely on data analysts or operational teams for reports on customer purchases and market trends. However, with Big Data analytics, entrepreneurs can easily discover all the discrete changes in market trends to discover new opportunities.

#4 Artificial intelligence will turn heads

ERP software applications will come a long way in the coming days with the integration of Artificial Intelligence. AI is an intelligent technology or so-called “machine intelligence” that evolved some time later and allows machines to perform cognitive actions such as problem solving. As AI increases the reach of machines or software making them capable of performing tasks that require a certain amount of intelligence, it will also become an essential part of business functions. It will help businesses reduce operating expenses by getting involved in routine lower-level functions, such as generating invoices.

2018 will definitely bring many transitions in the ERP domain and these are just four predictions that are sure to come to pass. While it will be an exciting year for ERP development, it is worth seeing how organizations will respond to these changes.