The Future of ERP is in the Cloud

According to industry analysts, the future of cloud-based enterprise resource planning software is extremely promising. Software service applications in both manufacturing and distribution markets are estimated to rise from 22 to 45 percent between 2013 and 2023, according to leading information technology research and advisory company Gartner, who also found that the majority of ERP applications will be migrated to the cloud by 30% of service-centric companies. 

Cloud-based technology is becoming widely accepted as the questions over what its purpose is, and security and data protection concerns, are answered. As the marketplace further integrates cloud-based services, businesses are beginning to recognise its capabilities as well as trusting that it is a secure method of data sharing. 
The security for businesses will increase as they learn to stop breaches of data without the need to disrupt their usual business operations, and the increased use of software-as-a-service improves the quality and options available to businesses. Cloud-based ERP systems already provide a freedom to grow and innovate which cannot be otherwise offered. The benefit of scalability and increased productive is attractive, even without considering the outstanding continuity cloud-based ERP systems are able to deliver. The cloud-basis benefits organisations who need to comply with the ongoing changes to IT infrastructure, but who are not able to stop operations for long time periods to do so, making ERP an important resource for successful companies.
Although the risk of a security breach is low where measures have been implemented by organisations, it is advised that they put together a plan ‘just in case’. Planning and preparation can drastically reduce any risk of infringements, and although it is impossible to protect against all breaches, in the event of a data hack where companies have preparations in place, the cost and damage will be significantly reduced. 
ERP in the cloud has a number of additional benefits such as providing easy access from mobile devices, not to mention the cost-effective implementation, which does not require hardware and software to be put on each machine individually. Where the market is evolving and growing, it is necessary for organisations to be able to assist employees in working as efficiently and flexibly as possible, which is what cloud-based ERP systems have to offer.