In 2017 and beyond, the challenges facing business will continue to propel us forward into an era of yet unexplored technology. The sky is no longer the limit. So how can Ghanaian businesses get ahead?
At an event organised by Multisoft Solutions Limited in partnership with Sage West Africa , participant mainly champions of business and IT were taken through the Industry 4.0 concepts and how vital it is for companies to invest in state-of-the-art Business Management Solutions Such as SageX3.
The next industrial revolution has arrived in Ghana, and it will help make businesses of all sizes more efficient, productive and profitable. This fourth industrial revolution could help power companies to become major global players. However, the big question is – how will this help transform your business?
Industry 4.0 is enabled by technological advances such as cloud computing and automation. The falling price of sensors, connected devices and smarter artificial intelligence has aided its adoption in business operational processes. It is built on the next-generation of business management solutions, which offers a more flexible and modular alternative to the rigid, monolithic enterprise resource planning (ERP) systems of the past years.
Is your ERP solution ready for the fourth industrial revolution? If you need to know, then ask yourself these four simple questions:
Are you geared for a mobile workforce?
In an Industry 4.0 world, people across the supply chain (including partners and customers) need access to an easy-to-use solution that is accessible anywhere, anytime, and built for collaboration. A mobile workforce can be hugely beneficial to businesses, especially in cities like Accra, where people spend hours sitting in traffic. This is a significant amount of time which could be used making critical business decisions.
Your business software needs to be ready for a workforce reared on mobile apps and social media platforms. It must be attractive and intuitive; it must also provide information, services and apps to employees, customers, and other stakeholders at any time and wherever.
Is your software modular and flexible?
The world is changing at a rapid pace, with the introduction of the Internet of Things, smarter robotics, machine learning and other disruptive technologies in the manufacturing world. To keep up, you need a stable and solid yet adaptable business management solution that can accommodate new technology trends as well as new business models. Does your solution make it easy to introduce new supply chain partnerships? Does it make it relatively simple to add new technologies to your environment? Better still, does your solution adapt to the flexibility of the changing business landscape?
Can you scale to cater for big data from thousands, or even millions of devices and sensors?
One of the most important qualities of a good business solution for the digital era is the ability to manage an overwhelming amount of real-time and near real-time information. You will need to be able to leverage data from millions of devices and users on the Internet to drive better decision-making. You can use this data to understand consumer behaviour, perform financial investigations, carry out predictive maintenance or drive sales optimisation.
Accelerating into the next generation
To take advantage of Industry 4.0, businesses that currently have legacy systems in place need to accelerate implementation of modern IT applications. New-age solutions like Sage X3
are designed to deliver faster, simpler and flexible business management solutions, without the complexity that typically comes with old-fashioned ERP systems or the rigidity associated with older systems.
– the market and technology leader for integrated accounting, payroll, and payment systems, powered by the cloud and supporting the ambition of the world’s entrepreneurs and business builders. Because when business builders do well, we all do.