Is your ERP ready for Internet of Things (IoT) ?
The extensive use of sensor embedded devices, The old saying ‘Garbage In Garbage Out’ seems no more relevant. The devices are getting smarter and increasingly the data input is automated with least human intervention. The data thus collected is analysed by enterprise software and ready to influence and guide human decision. Early adopters of Enterprise software are more than ready to get fully automated. Early days examples of integration of PLC, Weigh bridge, boom barriers at manufacturing units as management control has evolved further to offer real time update and statistics on patterns, forecast and better alert humans for preventive action and readiness. Early indications by Internet of Things (IoT) can reduce lead time, save costs and increase efficiency of businesses exponentially. One of the most widely used examples of IoT is GPS devices that are fitted on vehicles for tracking of location, movement, quality of driving and vehicle performance. The device only generates location data every few seconds that is captured on central servers and further analysed to get meaningful information. Most of the businesses today use GPS on their vehicles. Today businesses track the product they sell for its lifetime. Service industry offers more convenient ways to reach customers; on the contrary customers find services. Unless IoT is not integrated with analytics capability and enterprise application the organisation cannot see an impact on its business. To sum up, in days to come business need to ensure readiness on scalable infrastructure and flexible software that can consume and process data from IoT and make business more competitive in the market place.intelligent devices that are generating data and at the same time transmitting data.
Contributor – Vineet