As per the recent examination , global ERP market is expected to grow by 7 % CAGR . As a result enterprises are investing heavily on ERP software development at it is become one of the most indispensable platform .
Enterprises system helps business to ease on their day to day work by providing unique solution to automate their business . Technologies plays an important role in boosting importance of these application and it is continuously growing since beginning . Let’s look at the enterprise technology that will help enhancing enterprise application in upcoming years .
Technology Concepts Enhancing Enterprise Applications
# Intelligence Enterprise System
The introduction of artificial intelligence and machine learning has opened new world for developers and the ultimate aim of these technology is to benefit ERP software industry . Machine learning concept is one of the major attraction among them .
Enterprise are actively taking part in implementation of these technology and it is predicted that by 2022 machine learning will play important role in this technological advancement .
On the other hands , business are handling huge amount of data . Thanks again to machine learning which enables predictive analysis to comprehend data faster and at the same time tracking of insights about data .
Another great advantage being data is churned to figure out potential issues even before its actual time , in case of system failure . This helps in saving of cost , increasing of productivity and timely recovery of data
# Connected Enterprise Environment
The next big technological advancement in this fields is Enterprise ” Internet Of Things ” that aids in connecting physical devices with computer which helps in contribution of process of business . Physical devices are connected by use of internet with computer to share real time insight of data flow . This helps in reduction of manual intervention of data and increasing overall work efficiency .
Internet of things bring down endless opportunities on the table with its thrilling concept . It helps sending control instruction to desired device on the basis of pre set business rules .
The density of integration comes from data . Big data analytics are also getting advance to obtain IoT based data sets which will become priceless for decision maker of enterprise .
# ERP Based On Cloud
Since the very beginning of 2019 , it has great upsurge in traction of cloud based ERP systems . There has been ever increasing demand for cloud based ERP as it helps enhancing business efficiency enhancement . The major factors that are encouraging cloud based ERP adoption are :
SaaS based applications facilitates enterprise to have freedom to choose for their own custom needs . ERP based solution which are cloud based are easily to upscale as well as removal of unused modules in ERP at any point of time with ease .
Multi Tenancy :
As enterprise are growing globally their customer reach has also increased at tremendous stage . Therefore application which a single code base hosted centrally is in demand by all users .
Cost Saving :
In cloud based ERP systems there is actually no need of hardware and infrastructure set up . Cloud hot ERP are cheaper and accessible from any web browser with ease inspite of system configuration . SaaS modules also has upfront license fees as SaaS is generally based on subscription based module which is Pay as you go .
Apart from what has been discussed above , many new things are coming up every now and then in upcoming years .
Winklix can help you develop custom as well as customisation of SaaS based ERP platform in order to cope up with existing trend . Contact us now .
The Internet of Things is a technology that is making a buzz in every possible form it can . The IoT that we see in present world is just the glimpse of the technology , and there is lot more to come in near future . Automobile is one of those industry that has adopted IoT to discover many aspects from it . So the million dollar question arises here is what are the infinite possibilities with this technology and what can we expect in the near future ?
The Automobile-IoT In The Past
There are various automated and semi automated features that exists for over a decades in automobile industry . For instance , the GPS system that we use was introduced in late 60’s by General Motors – American Automotive Giant for its driver aid programme that was similar to the concept of modern GPS system , but was based on ground based infrared system rather than modern satellite system, .
Later in 90’s General Motors in association with OnStar was successfully able to implement navigation system in CDMA phone , which has now become an obsolete one .
The Smart Cars Of Today
From the age of using circuits to going digital in present world , drastic change has been seen . 21st century has aid us in seeing the technologies that we have only thought of . Navigation , Cab Services , Entertainment are just some of the aspects of the modern technology in car . There has been endless possibilities once the software application have started connecting with mobile devices . It is the outcome of the technology war for the things with which we are living today , and the war is still going on to discover endless possibilities . The self driven car that no one have either think of has been bought into life in distant future and its creditability is improving day by day .
Automotive industry has got boost and the result of which is automated features and better access .
Self Driven Cars
There are few self driven cars available today like Google’s Waymo , Tesla cars and more . Tesla cars has recently announced that all its cars will be self driven which we can say is a huge step towards a house of automated products .
Many More Things Yet To Be Discovered
IoT has just taken its first step in the technology market , and it has to driven millions of kilometre ahead to harness its full functionality . The things done so far is remarkable and will help in creating more things in future . But this is the known fact that idea of self driven car will take over decades to come into effect in reality . IT industry is trying hard to build something great in near future .
Just a simple question to start with ? Which did you last visited the bank physically ? Most of you do not remember the same . It is the fact that as the technology is getting mobilised , so is the banking sector . We can do almost everything from the convenience of mobile app and that’s so in a very secured environment . Due to technology advancement in banking sector , presently we are able to experience hassle free banking experience .
With the technology advancement over time , even the banking app has been converted into easy to use mobile applications , in comparison with the bulkier version earlier . Due to this a person who does not even have a penny of experience of using mobile app , can easily carry on banking transaction through mobile app . Along with this , there are many other benefits of mobile app that have changed the way of doing banking for us and some of them have been elaborated below :
1) No Waiting In Queues
If you are one of those person whose day’s first task is to visit the bank for doing any of the transaction , then you must be thankful now for banking apps that have changed your life . You can perform the same task by clicking on few icons in banking mobile app .
2) Convenience To Consumer
All banks works during business hours , usually between 9:30 am to 5 pm , and that is the time most of us go to our offices . This radically means when you are suppose to visit banks for performing any of the transactions , by taking leave from your office that will obviously cost you more . But with the launching of mobile app , this scenarios has been completely replaced . Now in person can do transaction anytime and from anywhere in the world .
3) Immediate Transfer
Usually in India , it takes 3 working days for any cheque to get credited in bank account with is obviously time taking process . But thanks to banking app , it can be transferred within few second and that to from anywhere .
How Is technology Seeing This Shift In Banking Sector ?
A well deployed banking app development must have an awesome UI/UX design for their banking customer . Also security is one of the greatest concern while taking about the mobile app , so that custom can get peace of mind by using banking apps on their mobiles . Latest introduction of technology like BHIM app , UPI has improved the banking sector by joining in all the bank together and thus making transaction between different bank just a click away .
Introduction of latest emerging technologies like Big Data , AI , Blockchain , IOT has open the whole new door for banking sectors .
Banking which were earlier thinking of opening thousand of branches for the convenience of their customer is now more focusing of development of their website and mobile app . The advancement of technology is already created a virtual banks , and in newer future new physical bank brand would be a rarity .