ERP

Digital in Utilities – Hype or Hope!!!

Digital is one of the common buzzwords in the market. It combines capabilities of the latest and greatest technology stack, like social, mobile, analytics and the Cloud (SMAC), the Internet of Things (IoT), artificial intelligence and virtual reality and, most importantly, amplifies them by encompassing a seamlessly connected enterprise experience.

With latest reports showing 4.7 billion mobile users, 3 billion people on the Internet, 1.7 billion Facebook users and 1 billion WhatsApp users, digital undoubtedly has already been incorporated into our daily life and work routines.

Digital is changing the world and enterprises all over the world have been gearing up to embrace this new way of doing things. Utilities, too, cannot afford to be unaffected by the digital evolution. However, with utilities carrying a tag of being late adopters of the latest technology changes, it would be thought-provoking to evaluate the impact of digital on them.

This article delves into this phenomenon of digital and its impact on utilities.

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Impact of SMAC on Enterprise Software Applications

Technologies such as Social networking, mobile, analytics and cloud computing have been shaking the IT industry for past several years. But in last couple of years, this combination of technologies together is transforming the business model. IDC calls this combination “Third Platform”, Gartner calls it “Nexus of Forces” and Cognizant calls it “SMAC “- Social, Mobile, Analytics and Cloud. This paper uses the word SMAC to represent this technology stack.

SMAC is disrupting the world. No CIO discussion is complete without considering impact of SMAC on business. Faster than ever improvements in this technology stack, are adding value to whole gamut of businesses. Advantages are many and seem very fascinating, with promises being made as large as – predicting future (Analytics), available anywhere (Mobile), everything so simple and networked (Social), and at a fraction of price (Cloud). This new technology stack has started transforming tomorrow””””s enterprise and has impact on each of the areas of an enterprise, hence subsequently on all the software applications used within and by the organizations.

Gartner predicts that by 2017, SMAC stack will drive more than 26% of the total enterprise software market revenue, an increase from 12% in 2012 – representing over $104 billion new revenue from this stack.

This Point of View delves into this technology stack and finds out how each of the components of this technology stack is impacting enterprise applications.

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ERP in Cloud – Hype or Hope!!!

Abstract

Until a few years ago, cloud was considered only a marketing hype and did not find many takers. Decision makers and senior IT executives had deep reservations about it- especially running business critical applications such as ERPs. Today, even though cloud has made a measurable inroads into IT roadmap of quite a few organizations around the globe; it still remains untouchable for the majority– primarily for complex ERP functions. There are concerns on data security, privacy, business continuity and control. This Point of View looks at these concerns in details, while highlighting some of the key benefits such as cost advantage, flexibility and rapid time to benefit coming from cloud.

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