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Home / IT Blogs / ERP and Digital Transformation: Understanding the Imperative
March 24, 2021 - by Synoptek
The last couple of years has seen several small and big companies boldly advancing into the digital era, using IT as a key driver to enable digital transformation. Continued efforts towards digital transformation initiatives are expected to cause IT spending to cross $5 trillion in 2021, helping businesses revolutionize how their daily operations perform: right from unifying data and discovering insights to empowering employees and boosting customer experiences. Although most of these investments are centered around modernization of existing IT landscape, a big chunk is also contributed by ERP implementation.
Despite the relentless effort organizations are putting towards digital transformation initiatives, 70% of large-scale digital transformation programs fail to meet targets, resulting in massive financial losses. Steering transformation projects in the right direction can lead to a number of business benefits, including:
Most businesses that embrace digital transformation do so as a result of outgrowing existing siloed IT systems that restrict them from driving continued value. As more and more businesses continue to operate from disparate locations, using disconnected systems and devices, an ERP solution can help consolidate the business while providing end-to-end visibility into operations. Implementing an ERP solution can accelerate the digital transformation journey in more ways than one:
If you’re looking to digitize your business, implementing an ERP system can well be your path to innovation and true digital transformation. A modern ERP solution can not only ease day-to-day operations management, it can also enable high scalability and flexibility, integration with modern technologies and enterprise systems, and completely change the way you operate. It can help in creating a competitive advantage by building new business models, enabling new offerings, and forging new relationships.
If you are looking to implement an ERP solution and speed up your digital transformation efforts, make sure to engage with a qualified partner who can assist you taking the right steps and achieving the right results. A partner can help in ensuring you get maximum results from your implementation efforts while empowering your users to better manage daily operations, engage with customers in new ways, and develop new revenue streams.
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