Many modern day organizations utilize a version of enterprise resource planning (ERP) or performance management to track and forecast results, but we are finding that these systems lack the innovation and responsiveness necessary to address today’s business needs. Here’s a question we often ask customers: “Can you imagine the value and cost savings generated by having a solution that enables the agility to rapidly adapt to market changes – proactively?”
Our Empowered-AI solution is a new approach to performance management, one which addresses the above query and related subject matter, yet it’s important to understand why ERP may be viewed as an outdated concept. To begin with, the ERP market has undergone significant consolidation but precious little genuine disruption in the enterprise segment over the past 20 years – now, with all the pressures on business results and experience, we expect to see a do-or-die moment for the large ERP gatekeepers including Infor, Oracle, Sage, SAP and others.
These giants have been entrenched in the market for decades while making numerous acquisitions, yet they still have significant numbers of customers running outdated legacy systems. The way we here at Vizen see it, those that can not only make the shift but also ease their customers’ transition (from a technological, cultural and organizational standpoint) will come out the leaders in the decade ahead.
What Exactly is Enterprise Resource Planning?
In the past, enterprise resource planning software has always been about tasks and transactions, providing businesses with the control they require to manage production lines and supply chains as they repeat precise patterns, season by season. By definition, ERP is business management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources.
What’s more, ERP software typically integrates all facets of an operation – including product planning, development, manufacturing, sales and marketing – in a single database, application and user interface.
But What’s Changing?
Simply put, the business landscape is changing – manufacturing, for example, is longer a simple matter of basing decisions on past order experience, making plans based on historic patterns or duplicating processes with little deviation.
Introducing Empowered-AI, a new approach to performance management that delivers compelling results. This solution tracks KPI’s in real-time while analyzing hidden data patterns that impact events. It’s built in our private cloud called the Digital Operations Platform (DOP), which catalyzes decision making by delivering the right intelligence to proactively help shift key outcomes. It generates enhanced productivity, better customer service, and a more integrated business overall.
As we move into 2021 and beyond, businesses need to respond quicker, change tactics in a dynamic way according to market demand, analyze and act upon internal and external data and deliver their products to customers faster than ever before.
The Vizen Analytics Response
While ERP systems of the past have been largely inflexible, expensive to upgrade and poorly suited to modern digital businesses, Vizen is now envisioning a new era of operations technology, realized through cutting-edge approaches such as our aforementioned Empowered-AI, built on a cloud infrastructure called the Digital Operations Platform (DOP).
Contact us today for more information.
