Despite of the disbelievers, future of cloud-based enterprise resource planning software applications is looking relatively bright, according to industry analysts.
A recent Gartner study found that software-as-a-service applications(SAAS) in manufacturing and distribution markets will increase from 22 percent in 2013 to 45 percent by 2023. Although full-scale system overhauls are less likely to happen all at once, Gartner found in a separate study that 30 percent of service-centric companies will migrate the majority of their ERP applications to the cloud.
A combination of forces driving growth
As cloud-based technology continues is evolving, its widespread acceptance is following too. Two of the largest deterrents at the moment for SaaS system integration across all industries are lack of understanding in what it actually does and a general concern for a potential security breach. However, as cloud-based systems become further integrated into the marketplace, the recognition of its capabilities and security are likely to grow, according to tech website Cloud Tweaks.
As SaaS comprehension continues to mature, businesses will begin to better protect themselves from data breaches without disrupting business operations. ERP systems provide scalability and increase productivity to any enterprise, but its continuity is what makes ERP an important aspect of a successful company. That being said, organizations cannot afford to cease operations for extended periods of time in order to comply with a change in IT infrastructure.
Enterprises should develop backup plans
It is also for that reason why chief information security officers must put together a plan in case a breach does happen, according to Info security Magazine. It’s nearly impossible to protect against all potential infringements, but planning and preparation can significantly reduce the malaise of a breach. The best line of defense in regards to a data hack is how well a company rebounds after it’s been compromised.
Once these hurdles are overcome, the cloud-based software market is projected to continue growing at a moderate pace. In the digital age, big data compilation is a growing important business metric, and when used in tandem with mobile devices that give real-time updates to the user, companies have a faster, flexible and more intelligent employee as a result. As market demands continue to evolve, organizations will follow suit, equipping themselves with the necessary tools to compete in a dynamic marketplace.
A recent Gartner study found that software-as-a-service applications(SAAS) in manufacturing and distribution markets will increase from 22 percent in 2013 to 45 percent by 2023. Although full-scale system overhauls are less likely to happen all at once, Gartner found in a separate study that 30 percent of service-centric companies will migrate the majority of their ERP applications to the cloud.
A combination of forces driving growth
As cloud-based technology continues is evolving, its widespread acceptance is following too. Two of the largest deterrents at the moment for SaaS system integration across all industries are lack of understanding in what it actually does and a general concern for a potential security breach. However, as cloud-based systems become further integrated into the marketplace, the recognition of its capabilities and security are likely to grow, according to tech website Cloud Tweaks.
As SaaS comprehension continues to mature, businesses will begin to better protect themselves from data breaches without disrupting business operations. ERP systems provide scalability and increase productivity to any enterprise, but its continuity is what makes ERP an important aspect of a successful company. That being said, organizations cannot afford to cease operations for extended periods of time in order to comply with a change in IT infrastructure.
Enterprises should develop backup plans
It is also for that reason why chief information security officers must put together a plan in case a breach does happen, according to Info security Magazine. It’s nearly impossible to protect against all potential infringements, but planning and preparation can significantly reduce the malaise of a breach. The best line of defense in regards to a data hack is how well a company rebounds after it’s been compromised.
Once these hurdles are overcome, the cloud-based software market is projected to continue growing at a moderate pace. In the digital age, big data compilation is a growing important business metric, and when used in tandem with mobile devices that give real-time updates to the user, companies have a faster, flexible and more intelligent employee as a result. As market demands continue to evolve, organizations will follow suit, equipping themselves with the necessary tools to compete in a dynamic marketplace.
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