In the world of technology, we all hear the words “digital transformation” around the clock. It may be a buzzword, but digital transformation is no joke. IDC predicts that digital transformation spending will eat up 53 percent of IT budgets by 2023, approaching $7.4 trillion between 2020 and 2023. With all this transformation, it’s no surprise that ERP has seen significant recent changes in what it can do for organizations across more than 25 different industries. Introducing: Intelligent Technologies Deploying intelligent technologies like machine learning (ML), artificial intelligence (AI) and robotic process automation (RPA) has transformed ERP for good. These technologies are elevating ERP from driving function to being completely fundamental to the business. In the past, ERP was purely an administrative engine, responsible for functions like pulling reports and organizing data. ERP’s core was predominantly focused on finance functions, with the majority of users spending time on financial accounting, closing and reporting. Today, thanks to intelligent technologies, ERP plays a much more pivotal role in business processes. Intelligent ERP systems can identify trends and make predictions, recommend actions, process complex data and run autonomously. Instead of users needing to re-write the rules every time feedback warrants it, AI can … Continue reading The Transformation of ERP: A Story of Intelligent Technologies