Instead of post-mortem analysis of data and recalibration of processes and factors of production, it is time to usher in the self-learning, self-healing enterprise. ERP as we know it is stuck with the paradigm of managing the enterprise in a “review the past” mode. Software controls the input of factors and measures the output of past actions and decisions to improve future outcomes. The aspects of such new-age machines have already crept into smart cars and aviation, two sectors that have matured in R&D. Harsh Vardhan is president and head of ERP solutions at Ramco Systems, a software and services provider based in India

Source: The Edge Markets July 18, 2021 03:22 UTC