It’s true that some companies choose to move all of their programs and critical files to the cloud in one-fell-swoop, or commonly referred to as the Big Bang deployment. But the prevailing tendency among stakeholders is to roll into it, which means a mix of an on-premise and cloud strategy. Such ‘hybrid’ approaches gives time for companies to adjust to leaving their legacy programs, and incorporate the new platforms, like cloud ERP software.
In some regards, the cloud ERP capabilities suggests a New Dawn in digital business tools. As a Forbes article on cloud ERP reports:
…running ERP in the cloud means that for all intents and purposes, the very core of the enterprise is now cloud-borne. That’s a big, big shift. The way you keep your books, track and project your sales, process customer transactions, hire and keep employees, and produce goods and services may be handled in someone else’s data center.”
The awareness-factor of cloud ERP is growing, says a researcher Chris Pang of Gartner. He noted cloud-based ERP has reached beyond what was once considered to be that “hype cycle” to to mainstream viability. In a Gartner research paper, the company noted that “legacy ERP systems” simply are not cutting it when it comes to “21st century compliance.”
What core applications are moving to cloud ERP platforms? Surprisingly, a Unisphere Research report noted that 27% of the companies surveyed said they are deploying “their financials within a private cloud.”
Pang noted that the key is to find the right balance of integrating data “in and data out.” Before migrating any critical files to the cloud, stakeholders must delve into the inner workings of all departments…and then begin an implementation strategy.