How AI Will Impact ERP Software
datanami, Thursday, July 20,2023
There are a myriad of ways that artificial intelligence technology will impact our world in the years to come. One of those is the introduction of more automation to the enterprise resource planning (ERP) packages that companies use to run their businesses.
The global ERP market is estimated to generate between $44 billion and $54 billion per year in revenues for vendors who develop the software, a number that is projected to grow to about $100 billion by the end of the decade. The big dogs, such as Oracle, SAP, and Microsoft, gobble up their share of the market, but there's still plenty left over for more specialized ERP firms, such as Unit4, which develops standalone HR and financials packages in addition to ERP.
Mike Ettling, the CEO of Unit4, recently shared with Datanami his thoughts on how emerging AI technologies will impact the ERP market. The way Ettling sees it, ERP developers are already tapping into the transformative capabilites that machine learning (ML) and AI will introduce, and it will have an overall positive impact on how business gets done.