Unveiling the Cloud: 10 Fascinating Facts About Cloud-Based ERP Solutions

Last Updated on October 19, 2023 by Ossian Muscad

As the digital revolution continues to reshape the global business landscape, a profound shift towards cloud-based ERP solutions is evident. These sophisticated systems transform organizations’ operations, driving innovation, enhancing scalability, and accelerating business growth. Yet, despite their increasing ubiquity, there’s much to discover about these powerful tools. Let’s go over ten intriguing facts about Cloud ERP solutions, revealing their multifaceted value and potential to redefine business processes and strategies.

What is Cloud ERP?

Cloud ERP, or Cloud-based Enterprise Resource Planning, is an approach where ERP software and its associated data are centrally managed and accessed through the Internet. Unlike traditional on-premise ERP systems that require hardware and servers, Cloud ERP is hosted on the service provider’s servers. It offers users access from any location via a web browser.

This model provides businesses with flexible, scalable, affordable solutions supporting streamlined processes, data consolidation, and improved decision-making capabilities. Cloud ERP’s advent has truly revolutionized how businesses manage their operations, from accounting and procurement to project management and compliance.

Interesting Facts about Cloud ERP

Cloud ERP has been revolutionizing the business world with its scalability, cost-effectiveness, and versatility. Here are some expanded insights on the interesting Cloud ERP facts you provided:

1. There are 1.6 billion Cloud personal users in the world. This massive number of cloud users signifies how prevalent cloud computing has become in our daily lives. From personal storage solutions like Google Drive to professional tools like Salesforce, cloud services have become integral to our digital existence.
2. Real-Time Data Access: Cloud-based ERP systems provide real-time data access, vital for decision-making processes. The ability to access data from anywhere at any time allows businesses to respond more quickly to changes in the market.
3. In 2011, Microsoft started spending 90% of its R&D budget on cloud computing strategy and products. This shift paved the way for Microsoft to become a dominant player in cloud computing with its Azure platform. It also indicates the importance tech giants like Microsoft place on cloud technologies. It’s a testament to their belief in the future of cloud computing and its potential impact on various industries.
4. As part of the ‘Cloud-First’ policy, 48% of US government agencies have started using Cloud: Governments worldwide are recognizing the benefits of cloud computing. A ‘Cloud-First’ policy means prioritizing cloud solutions over traditional IT approaches, increasing efficiency and reducing costs.
5. Automation of Routine Tasks: One of the key benefits of cloud-based ERP systems is the automation of routine tasks. This saves time and reduces the chance of errors, thereby increasing overall business efficiency.
6. In 2015 alone, the US Federal Government was able to $5.5 Billion by shifting to Cloud Services. This massive cost-saving clearly demonstrates the financial benefits of adopting cloud services. Cloud services can result in significant savings by eliminating the need for physical infrastructure and reducing maintenance costs.
7. The scalability of ERP systems is vital for growing businesses today: Cloud-based ERP systems are highly scalable, allowing businesses to easily add or remove users as needed. This makes them an ideal solution for growing businesses that need to quickly adapt to changes.
8. Since moving to the Cloud, more than 90% of companies saw at least one area of improvement in their IT department: Cloud computing offers numerous advantages, including scalability, flexibility, and accessibility. These benefits can lead to improvements in various areas of IT, such as infrastructure management, data security, and software development.
9. Transitioning to a cloud-based ERP system can significantly reduce IT costs: By using a cloud-based ERP system, businesses can significantly reduce their IT costs. The cloud provider handles the maintenance and updates of the software, eliminating the need for a large in-house IT team.
10. In 2016, 70% of all organizations already had a cloud-run app. The increasing adoption of cloud-run apps reflects the growing reliance on cloud services for business operations. Such apps offer numerous benefits, including ease of access, automatic updates, and seamless integration with other cloud services.
11. ERP systems provide improved security, which is vital in today’s digitally-centric business landscape: Contrary to common misconceptions, cloud-based ERP systems often offer better security than on-premise solutions. Cloud providers typically have robust security measures, including data encryption and regular security audits.
12. A new Cloud server is added for every device 120 tablets or 600 smartphones. This statistic underscores the growing demand for cloud services driven by the proliferation of mobile devices. As more people use smartphones and tablets for various tasks, the need for cloud servers to support these activities also increases.
13. Cloud-based ERP solutions enable effective and successful business continuity: Businesses using cloud-based ERP systems can continue their operations with minimal disruption in a disaster. The data is stored in the Cloud and can be accessed anywhere, ensuring business continuity.
14. For SBMs, cloud computing is 40 times more cost-effective than running its own IT system or department. Small and medium-sized businesses (SMBs) can significantly benefit from cloud computing. By leveraging cloud services, SMBs can avoid the high costs of setting up and maintaining their IT systems.
15. The integration capabilities of a cloud-based ERP system help promote a unified platform for all business operations: Cloud-based ERP systems can easily integrate with other business applications, creating a unified platform for all business operations. This results in improved data consistency and streamlines the flow of information across different departments.
16. In 2016, 62% of companies used a private Cloud, 60% used a public Cloud, and 26% used a hybrid: These figures highlight the variety of cloud solutions available to businesses. Private clouds offer greater control and security, public clouds provide scalability and cost-effectiveness, and hybrid clouds offer a balance of both.
17. ERP systems help companies lower their environmental impact: Cloud-based ERP solutions are more energy-efficient than traditional on-premise systems. By reducing the need for physical servers, they help businesses decrease their carbon footprint.
18. 82 % of all companies who adopted Cloud in projects saved money: This further emphasizes the cost-saving potential of cloud computing. Companies can reduce hardware, software, and personnel expenses by moving their operations to the Cloud.
19. Cloud-based ERP can help promote healthy collaboration: Cloud-based ERP systems facilitate collaboration by allowing multiple users to access and work on the same data simultaneously. This can lead to improved productivity and more informed decision-making.
20. Microsoft Azure experienced 93% growth in 2017 alone. The rapid growth of platforms like Microsoft Azure illustrates the increasing market demand for cloud services. Such platforms offer a wide range of services, including computing power, storage, and analytics, which can be quickly scaled up or down as needed.

Streamline ERP Using a Low-code Platform

The advent of low-code platforms offers a compelling prospect, particularly for enterprise resource planning (ERP). These platforms, designed for creating applications quickly with minimal hand-coding, can radically streamline ERP processes and workflows.

Simplifying Application Development

Low-code platforms simplify application development by providing a visual interface for designing applications. This removes the need for extensive coding knowledge, enabling even non-technical users to develop powerful business applications. By reducing the time and resources required for application development, businesses can rapidly respond to changes and maintain operational agility.

Enhancing Customization and Integration

Customizing and integrating ERP systems with other business software can be complex and time-consuming. Low-code platforms address this issue by offering pre-built integrations and customizable templates. This allows businesses to tailor their ERP systems to their needs and enhance interoperability within the existing IT ecosystem.

Facilitating Continuous Improvement

Low-code platforms empower businesses to continually improve their ERP systems. With the ability to easily modify applications, businesses can adapt to evolving requirements and implement improvements based on user feedback. This encourages a culture of continuous improvement and drives operational excellence.

While the benefits are significant, selecting the right low-code platform requires a thorough understanding of business needs and careful consideration of the platform’s capabilities. Businesses can leverage low-code platforms to streamline their ERP systems and foster a more agile and innovative organization.

Complement Your ERP System with DATAMYTE

DATAMYTE is a quality management platform with low-code capabilities. Our Digital Clipboard, in particular, is a low-code workflow automation software that features a checklist and smart form builder. This tool lets you easily build custom forms and checklists for data collection, making it the perfect complement to your ERP system.

DATAMYTE also lets you conduct layered process audits, a high-frequency evaluation of critical process steps, focusing on areas with the highest failure risk or non-compliance. Conducting LPA with DATAMYTE lets you effectively identify and correct potential defects before they become major quality issues.

With DATAMYTE, you have an all-in-one solution for quality management that integrates seamlessly with your ERP system. Book a demo now to learn more.

Conclusion

Cloud-based ERP solutions are revolutionizing business operations with scalability, cost-effectiveness, and enhanced collaboration capabilities. Businesses, particularly SMBs, can leverage these systems for improved data consistency, business continuity, and environmental sustainability. Organizations can forge a path toward operational excellence and continuous innovation by embracing cloud ERPs and complementary technologies like low-code platforms.

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