As we get ready to jump into 2024, there are many new technology trends starting to evolve, especially with ERP solutions. ERP solutions have started to become the main source of operations for both large and small business, with connected suites of many different departments. ERPs can help to streamline processes across your entire company.

Staying up to date with ERP trends is important as they change each year offering new features that can enhance your business. As the demands for your business may change, ERPs may evolve to meet these needs. As we look into 2024, here are Polaris’ predictions for 2024 and beyond for ERP Solutions:

Prediction 1: Edge Computing for Real-Time Processing

Real-time data processing is an emerging trend for ERP systems as it has become significant that businesses need to have their data viewed as accurately and as quickly as possible. Timely data allows for decision-making and business operations to run smoothly and more efficiently. In 2024, there will continue to be enhancements on how quickly and efficiently data is accessible for those who need to see it.

Prediction 2: Advanced AI and Machine Learning

AI and Machine Learning have taken off over the past few years and will continue to for 2024! The integration of AI and ML will allow for ERP Solutions to have more analysis and decision making within the platform. These AI algorithms are getting better at analyzing data sets, customer behaviors, and viewing operational data and input. Machine Learning has been and will continue to allow ERP Solutions to adapt to the changing ERP environment. As these become more sophisticated in 2024, businesses who use ERP solutions with both AI and ML could eventually step ahead of their competitors.

Prediction 3: Rise of Natural Language Processing

Natural Language Processing would allow for a more conversational model in an ERP solution. This would allow users the ability to use their voice for certain features in their ERP Solution. NLP creates an entirely different interface for those using these features making it easier for those not as familiar with a traditional ERP Solution. 2024 could change the way that users interact with and use an ERP Solution.

The predictions in the above discussion show the evolution of some features for an ERP Solutions. These could change the way businesses operates and help provide a path as to where ERP Solutions may be going in the future. Although just predictions, we hope to see some of these in 2024!

If you are interested in learning more about an ERP Solution and what enhanced technology may be able to do for you, please email us: info@polaris-business.com.

For more information about these predictions and technology trends, check out the Medium article here. We are excited for what 2024 has to offer!