ERP Trends That Will Truly Matter in 2022

“Software is just too expensive” is a common myth that has caused enterprises to hesitate about ERP modernization. However, there’s some truth to it. After all, it’s well-known that effective future-ready ERP systems don’t come cheap. But this hesitancy has lately become an insurmountable barrier for those looking to stay competitive, given that ERP is the lifeblood of teams like procudtion, marketing, sales, finance, facilities and warehouse management, etc.

Since 2019, enterprises have also been under a lot of pressure to optimize their operations amid remote working conditions. Hence, it’s no surprise that they’re spending more than ever before, enabling IT efficiency. Gartner has even predicted that global IT spending would reach $4.5 trillion, which marks a sharp increase of 5.5% in 2022, with the enterprise software at 11.5%. And ERP systems are poised to be at the front of the center of new technology adoption.

So, what’s on the near horizon for them?

Fully mobile ERP – A new Uberization era

Cloud acceleration – From good-to-have to must-have

Advanced data analytics – A brave new spreadsheet-less world

Real-time data – Strike when the information is hot

Hyperautomation – Doing more with less

AI – Still the latest trend in ERP

Final thoughts

 Even just a few years ago, it seemed reasonable that enterprises could get away from undertaking ERP modernization initiatives by playing the “Software is too expensive” card. Others used the “My ERP system is just different” excuse. As we approach the end of 2022, these excuses can no longer be tolerated due to irrevocably changing market and workplace dynamics. The pace at which ERP systems are evolving has picked up too. For instance, while still in its infancy stage, autonomous ERP is gaining momentum with the promise of minimal human intervention while fulfilling critical business requirements.