Enterprise Resource Planning (ERP) Trends for 2022
Tuesday January 11, 2022
Enterprise Resource Planning (ERP) is constantly evolving and growing as new technologies and methods of business change. 2022 is a remarkably ambitious year for ERP software with the adoption of cloud technologies, Artificial Intelligence, Mobile Applications, and flexible systems. We’ll explore what the future holds for ERP systems and how you can expect regulatory standards to evolve.
Utilizing a cloud-based ERP can be one of the most impactful decisions you can make when moving into the use of ERP software. Before, businesses would have to rely on on-premise hardware and expensive startup fees. Cloud-based ERP solutions now provide small businesses with an affordable option without the hassle of on-premise solutions. Some companies take it further by implementing a hybrid solution that uses both on-premise and cloud. This allows organizations to take advantage of both the cloud and on-premise while also negating each other’s weaknesses.
In the heavily regulated Life Sciences industry, companies must ensure compliance with internal best practices and regulatory requirements. Failure to maintain compliance may leave you susceptible to cyber breaches, fees, and data loss. Arbour Group’s Cloud Compliance solutions help meet regulatory requirements for your cloud applications.
Artificial Intelligence (AI) Integration
Currently, companies find themselves with excessive data loads. This data can be too much for an organization to handle. Not only are data loads increasing, but the complexity of the data is becoming more of an issue. Artificial Intelligence is giving companies the edge in forecasting, analyzing, and delegation, making it one of the must-have trends of 2022. As more Life Science companies implement AI into their operations, others are left at a significant disadvantage.
The world of Artificial Intelligence is continuously evolving, and with it, the regulations surrounding AI are also changing. Ensuring compliance between Artificial Intelligence and ERPs involves special validation requirements. Arbour Group experts provide AI Compliance services and are ready to help you navigate the complexities of Artificial Intelligence.
A mobile health application is software that allows healthcare professionals to provide care digitally to their patients. The current pandemic saw the increased use of mobile health applications like never before. Vulnerable patients and healthcare professionals maintain a safe distance to deliver patient care while ensuring a confidential environment within the application using solutions like Connected Health. Connected Health encompasses various solutions that must maintain regulatory compliant software. These may include Cyber Security, Infrastructure, Cloud and Platform integration, Data Compliance Standards, and Mobile Integration. Connected Health can transform your organization’s ERP software by bringing visibility to the forefront of security.
Personalized ERP Solutions
Affordability is often a primary concern when shopping for the proper Enterprise Resource Planning (ERP) solution. Unlike legacy on-premise solutions, modern ERP cloud solutions are modular and allow users to customize the solution as needed. The flexibility of these modern ERP solutions allows for incorporating Artificial Intelligence, Internet of Things (IoT), and other Emerging Technologies with cloud solutions. This can be a regulatory nightmare for organizations in the Life Sciences industry. However, Arbour Group’s regulatory experts can help you navigate any issues and provide services to ensure compliance across the Emerging Technologies board.
Increased ERP Adoption in Additive Manufacturing
Recently, one significant trend has been additive manufacturing (also known as 3D Printing). More specifically, the use of medical devices and other biotechnologies produced by additive manufacturing. 3D printing materials are cost-effective compared to traditional manufacturing methods, which may explain why companies are so driven to adopt this trending technology. The trend towards additive manufacturing has caused an increase in ERP adoption. An ERP solution helps tie together all aspects of the organization with its 3D printing processes. Changes to an ERP system in a Life Sciences organization influence the regulatory requirements, affecting the implementation. Arbour Group’s Software Validation services assist companies with their regulatory requirements and provide a nuanced understanding of compliance standards.
Internet of Things Integration
Internet of Things (IoT) allows for the connection of multiple devices, sensors, and machines and facilitates the exchange of information between these devices and machines. With an ERP system, a user can access all connected devices without human intervention, allowing for faster business processes to better deal with anomalies, breaches, and other worrying situations. This is one of many approaches when pairing IoT and ERP solutions. As with many Emerging Technologies, the regulatory requirements can be confusing and unclear, considering how fast technology evolves. Arbour Group’s approach to Emerging Technologies assists companies when addressing regulations that affect IoT and ERP solutions.