“The future is no longer what it used to be” is a quote attributed to Paul Valéry describing the dramatically changed worldviews and new emerging mindsets that arose after the First World War. Many businesses are now facing a situation where their old assumptions are being challenged, and the rules of the old game are becoming obsolete.
For years, the typical bureaucratic organization was designed to reduce risk in its operations and to be able to scale incrementally. Businesses could grow simply by making slightly better versions of existing products. We no longer live in that traditional incremental world. Technology has shifted the pace of change from incremental to exponential.
Now in 2021 and heading into next year, there are strong indications that organizations are looking at how their business models will be changing as the world becomes increasingly digital. How to do this in a cost-effective and realistic way is why so many businesses are considering the cloud ERP.
Manufacturers have realized that they need to compete on speed and agility these days, rather than size. One of the big questions related to that is how to innovate and grow in today’s high-intensity digital economy. Increasingly it is being shown that cloud applications provide a way of addressing market needs:
In the current new normal, manufacturers looking to develop new business models and enter different markets are starting to adopt cloud computing applications so they can focus their operations around the customer.
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IT executives in manufacturing businesses are being challenged to adopt technology in ways that are much faster than anything they have done before. They are responsible for developing digital capabilities, automating workflows, and breaking down data silos to enable information flows to bring new insights and ideas. For an IT decision-maker, cloud deployments make sense for several reasons.
The pandemic has taught us that those businesses fortified by digital technology were more resilient and more capable of transforming when faced with major changes in the work- and market-place.
Manufacturers, especially in the SMB sector, now need to decide how to effectively allocate scarce funds to ensure the business is digitally enabled to grow. The key to success in this new digital era is selecting an ERP platform designed for manufacturers that is cost-effective, scalable, secure, and allows adoption of new technological capabilities. The cloud is the best strategy to enable business growth and explore new opportunities.
By relying on cloud-based service providers – for standard, commoditized services as well as leading-edge services – business leaders can better focus their organizations on those services that provide truly differentiated business value.
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