IDC Spotlight: Future-Proofing the Organization with ERP Modernization
Businesses are moving at lightning speed in the digital economy. Speed, scale, agility, and resiliency are requirements for organizations that wish to thrive and remain competitive in the digital world. IDC's 2023 SaaSPath Survey finds organizations are moving to a new enterprise resource planning (ERP) system for a variety of reasons including speed, scale, and agility.
Organizations are finding they need to invest in digital acceleration to create their future-ready foundation, and this includes utilizing cloud ERP systems to consume data quickly, adapt to changing business conditions as they occur, scale quickly, and innovate.
Globally, organizations are undergoing fundamental business changes to accommodate the digital world, and legacy ERP systems are not able to support this new world. This digital world means organizations are accelerating innovation, selling through new digital channels, creating new digital products, entering new markets, and even implementing new business models. These changes severely challenge legacy ERP configurations. Furthermore, making changes to traditional, on-premises ERP is often a very complex and time-consuming process. IDC finds that by early 2025, organizations still on legacy systems will need to modernize their applications immediately to survive and adapt to the digital world already surpassing them.
