Think about all the core processes needed to run a company: finance, HR, manufacturing, supply chain, services, procurement, and others. At its most basic level, Enterprise Resource Planning (ERP) integrates these processes into a single system. However in new age of business, both ERP and Internet of Things (IoT) have to go hand-in-hand. Digital transformation will only works effectively with the integration of both. It allows all the critical process to be captured and interpret to provide perspective to all executives
So how do IoT and ERP intergrate benefit a company:
- Improve data accuracy & availability – Traditional single source of data will be replaced by stream of data from IoT-enable product. As a result, accuracy and availability will experience improvement.
- Improve communication – IoT-enable product allow continuous communication between the product to its manufacturer directly with ERP system. As such, it will allow better data management which could be used to increase data accuracy.
- Better business intelligence – Real time translation of data stream allow clear and accurate analysis to be done with instance availability.