The Future Of Cloud Based ERP
June 5, 2014
Grazed from CloudTweaks. Author: Steve Prentice.
What does the future look like for ERP in the cloud? It’s a question that everyone involved in this business asks, given that the general changeover from on-premise systems to cloud computing is currently happening more slowly than many had anticipated. But according to some industry watchers, the pace will continue to pick up, and the expectation is that over the next few years investment in public IT cloud computing services will approach $100 billion, with an annual growth rate of approximately 25 percent. Most of that is due to companies choosing to shift more and more of their core operations to the cloud.
The future of cloud-based ERP resides in a combination of forces: a recognition of the true safety and security of the cloud; the economic and functional practicalities of replacing licensed software such as Microsoft Excel with externally managed and maintained SaaS applications; the appeal of both two-tier and multi-tenancy ERP setups; and the general bandwagon effect…
Organizations such as Gartner, Deloitte, Accenture and others routinely poll their clients, asking them the reasons behind any major reluctance to move to the cloud, and in general CIOs and CFOs respond that the two primary sticking points are a lack of full familiarity as to cloud offerings, and a constant fear of a breach of security…
Read more from the source @ http://cloudtweaks.com/2014/06/future-cloud-based-erp/