Times are changing, and so is technology. Existing enterprise dynamics have undergone a significant change, and the Oracle ERP cloud project implementation has fundamentally altered the age-old conventions that businesses followed. Large and progressive firms are steadily moving towards cloud-based ERP to future-proof their organizations.
According to Statista, the worldwide cloud ERP industry is expected to increase by 13.6 % annually and reach $40.5 billion by 2025. According to Oracle's ERP and ERM Top Trends Study, 79 % of finance departments either are using cloud-based ERP and EPM today or want to do so soon.
By 2023, at least 50 percent of global companies will use IoT, advanced analytics, and AI in supply chain operations. That’s according to this report from Gartner.
Robotic Process Automation (RPA) robot is a custom program usually used to perform low and middle-level complexity repetitive tasks with/without human intervention. Businesses primarily implement RPA to achieve cost reduction and eliminate human errors in well-defined business processes.