In the technological era, usually, organizations use their respective data to create business strategies and share information throughout their departments. Enterprise resource planning software is needed to manage such complex processes. In every small and medium enterprise, the corporation of ERP can be seen at every level.
Cloud-Based ERP is gaining a lot of attention from industries as it provides solutions from human resources management to the sales, and it is becoming more prominent. To save time and speed up their processes, companies are looking for Cloud-Based ERP to fulfill their requirements. Cloud users are continuously increasing every year, and it has been estimated that the cloud will be managing about 40 zettabytes or 40,000,000,000,000,000,000,000 bytes of data by the year 2020. Adoption of ERP Software has been increased and the latest upgrades are allowing easily to switch to a new solution.
New study reveals
- According to Forbes magazine, cloud spending has grown 4.5 times the rate of IT spending since 2009. From 2015 it is expected to grow 6 times the rate of IT spending.
- The demand for cloud-based services has reached 18% recently, in total worldwide revenue it has grown from $209.2 billion to $246.8 billion.
- Software-as-a-service (Saas) is expected to grow 20% by this year.
- A recent survey revealed that in the year 2016, 70%of organizations had a cloud-based application. 90% of all software, services, and technology will be cloud-based by 2020.
- 82% of the companies who switched to clouds in projects, saved a huge amount of money. Since the arrival of the cloud, the IT department has seen tremendous improvement in workflow.
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