Digital business and the Internet of Things are disrupting many organizations and creating new opportunities. CIOs must understand the impacts and make plans to modernize their ERP applications to capitalize on these changes.
Impacts and Recommendations
- Digital business and IoT are creating new business opportunities, but many CIOs do not fully grasp the scope of new IoT business solutions or how to take advantage of them
- Most organizations spend the majority of their resources maintaining ERP systems to run the business — leaving fewer resources available for CIOs to capitalize on IoT-driven opportunities
- The failure of CIOs to understand emerging trends and to shift resources and thinking from monolithic ERP maintenance to supporting IoT-enhanced ERP applications to deliver value-added business outcomes will leave organizations at a competitive disadvantage
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