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Erp and Emerging Technologies

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ERP and Emerging Technologies

Abstract
The ability of a company to manage its resources is critical to its success. In the past half-century there have been many technological advances in the way that information is used within business. With the invention of the Internet all sizes of companies are able to operate in a global economy. It has enabled small companies to compete against the largest corporations by allowing the fast free flow of information, leveling the playing field for business. During1980s traditional Management Information Systems were the main source of data within a company. Fast forward to the 1990s where virtually anyone with a computer can access as much information as the largest of corporations. The millennium has lead to further advances in the ways that people and business access this information.
Information is limited and requires system programmers to extract the data for specific uses with the organization. As the global economy has opened new markets for companies, the need for accurate free flowing information is seen by many in management as essential to being successful. Companies in order to compete must ask themselves many questions about how to compete in this information age. The question is no longer, where can I get the information I need? The question is now, what new sources of technology are going to enable me to capture information easily about customers and how are we going to process that information to give us an competitive advantage in our company structure? New technologies in the ways that Enterprise Resource Planning (ERP) is implemented have lessened the cost on the system implementation and have increased its effectiveness across the enterprise. This has been achieved through the use of new technologies in the areas of Cloud Computing, Software-as-a-Service (SaaS), Social Media and App’s (Application

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