TOP ERP TRENDS OF 2024

Find out how (Enterprise Resource Planning) ERP systems are going to evolve in 2024 and how your organisation should prepare for the upcoming changes to get the most out of ERP systems.

- Rahul Kumar

As businesses navigate the complexities of the digital age, ERP solutions are not just adapting; they are leading the charge in transforming how organisations operate, compete, and succeed. The latest trends in ERP are not merely incremental changes; they are pivotal shifts that redefine the boundaries of business efficiency, data management, and strategic decision-making.

From the integration of advanced artificial intelligence to the rise of industry-specific solutions, these trends are reshaping the ERP sector, offering opportunities for businesses to utilise the power of technology for streamlined operations and competitive advantage.

Imagine a future where inventory replenishes itself, production lines adjust automatically, and compliance reports take mere seconds to generate. This isn't just science fiction; it's the reality we’re hurtling towards in 2024. These advancements will not only enhance efficiency and productivity but also empower businesses to take smarter decisions, respond faster to market shifts, and ultimately grow in this competitive industry.

1. THE FUTURE IS CLOUD

Over the past few years, we have seen the implementation of cloud-based ERP solutions rise massively, and this trend is still going strong in 2024, moving from 64.7 billion dollars to 130 billion dollars.1

Right now, businesses are struggling to keep themselves profitable due to the quick pace at which new trends are coming in. This makes businesses perform under the pressure of constant transformation. Organisations now need to work on finding new business models and lines of revenue to make themselves profitable.