JDE Upgrade Blog Series: ERP as an Engine for Digital Transformation
If you are confused, skeptical, or simply need more information about Digital Transformation, you're in good company.
Key findings from CIO's 2018 Winter "State of the CIO" release indicate that by 2019, digital spending will exceed $2 trillion. With that, 40% of all technology spending will be for Digital Transformation initiatives. Additionally, a recent survey ran by Fujitsu indicates that 89% of surveyed business leaders have undertaken a Digital Transformation strategy:
With such a large amount of funding and strategizing allocated to Digital Transformation, it is growing evermore critical to create and execute a digital strategy. By creating a digital roadmap, your organization will likely put itself on the path to innovation, as we know that disruptive technologies are innovation drivers. This blog will demystify some misconceptions and describe both the potential and actual value “digitization” is beginning to deliver.
What is Digital Transformation?
George Westerman, the Principal Research Scientists with the MIT Sloan Initiative on the Digital Economy calls Digital Transformation “the use of digital technology to radically improve the performance or reach of enterprises” and explains: “maturing digital businesses are focused on integrating digital technologies, such as social, mobile, analytics and cloud, in the service of transforming how their unique businesses work.”
The Benefit of Aligning Digital Transformation with ERP
Digital Transformation is entering an accelerated growth phase, powered by the proliferation of mobile devices and social media, the rise of the Internet of Things, Big Data analytics, and the availability of scalable cloud computing resources on a pay-as-you-go basis.
The sheer volume and power of big data, analytics, omni-channel business, and operational flexibility are enabling a new wave of innovation from the inside out. Since most enterprise ERP systems comprise and control your company’s core business applications, ERP is ideally positioned to transform the way you do business across your enterprise.
The adoption of more efficient and user-friendly ERP functionality increases business competitiveness by enhancing operational efficiency, productivity, and collaboration, while positively impacting customer experiences. Furthermore, these technologies enable faster, more accurate management decisions, reduce response time to market changes, decrease transaction costs and improve resource utilization.
JD Edwards EnterpriseOne Release 9.2: Transformation for the Digital Economy
The newest release of JD Edwards aims to meet these lofty expectations on multiple fronts by highlighting functionality around agility, mobility, data portability and Internet of Things. Add to that a 12C in-memory database and you can access as much data as you need, on-demand, anywhere, for:
- Improved customer experience — Preventive maintenance, system safety, remote diagnostics, and asset management can be optimized using accurate, real-time data.
- Optimization of business processes/improved operational efficiency — Reduction of the human factor in data collection improves facilities management, safety and security, resource utilization, and maintenance.
- Real-time visibility into equipment condition with IoT reduces the risk of collateral damage and downtime — Early identification of trends towards out-of-tolerance conditions triggers appropriate corrective actions to prevent failure
- Making machines intelligent — Getting machines to talk to each other and connecting devices to JD Edwards without third-party dependency enables faster, easier and more accurate data retrieval.
- Real-time data, advanced analytics, and better awareness of trends - Identify and produce additional up-sell/cross-sell and emerging market opportunities.
JD Edwards 9.2 addresses the demands of the digital economy with innovative solutions facilitating SMART change (Strategic, Mobile, Architected for Real-Time):
- Pre-built Internet of Things Orchestrator: Streamline and improve specific business processes avoiding manual data collection and costly disruptions.
- EnterpriseOne Mobile Applications: with the Oracle Mobile Application Framework and the JD Edwards EnterpriseOne Application Interface Services (AIS) Server, stakeholders can extend the existing available 80+ JD Edwards Mobile Applications or create new ones.
- User Defined Objects: Grid Formats, Queries, One View Reports, One View Watchlists, EnterpriseOne Pages, and the Composite Application Framework do not require IT intervention for creation, deployment and management providing standardized user-facing processes.
Don't Simply Transform, But Optimize Your ERP Systems with Velocity
Moving your ERP to the cloud offers business a more versatile, flexible architecture of services that can be mixed, matched, scaled and integrated with the latest analytic technologies. To take your ERP to the next level, ask Velocity how a cloud-based solution can give your workforce, suppliers, production line, customers and systems the mobility and access to operations and processes they need to perform optimally, anywhere, anytime.