The cloud services industry has risen by 380% in the last decade. In 2020, the valuation of this industry was USD 370 billion. You will be amazed to know that there are 44 zettabytes of virtual data in the world. Another essential statistic is that 50% of all corporate data is stored in the cloud as of 2020.
Cloud computing allows companies to store and manage data from anywhere in the world efficiently. It also helps them to adapt to rapidly changing conditions without compromising on agility. The Coronavirus pandemic has also facilitated the growth of cloud computing services because most employees are working from their homes, and there is no other alternative to work while maintaining the same level of productivity and effectiveness. Gartner estimates that global spending on public cloud services will grow by 18.4% in 2021.
Here are the top 5 trends in the cloud computing industry.
The “Meet the 2020 Consumers Driving Change Report” states that 80% of consumers believe sustainability is essential. And 60% of surveyed consumers would like to change their shopping habits to reduce adverse environmental effects.
Cloud computing allows companies to reduce their energy consumption by 65% and carbon emissions by 84% by migrating infrastructure areas to the public cloud. Moreover, public cloud migrations can bring down carbon dioxide emissions by 59 million tons each year.
Today, there is a limited number of cloud service providers that tie your storage and computing ability to the bandwidth, proximity, and resources provided. The other factors that contribute immensely to cloud computing challenges are:
a. A study by McKinsey reports that 127 IoT devices are connected to the Internet every second. It means that latency, security, and bandwidth challenges will become even more pronounced.
b. Today’s cloud computing infrastructure falls short of providing the processing power and speed required for AI and robotics.
Edge computing is the solution to this problem. It involves building localized data centers for providing the required computational power wherever it’s needed.
The benefits of edge computing are as follows:
a. It reduces the load on centralized data centers and allows running a wide range of applications.
b. It increases the bandwidth by storing data in local servers and connecting to the cloud only when required.
c. Locally stored data guarantees a higher level of information security.
Moving forward, companies will use multiple cloud servers instead of depending on one. Organizations will develop cloud-native applications with little or no dependence on a particular cloud service provider. And statistics provide a testimony to this fact. According to a recent study by Accenture, 93% of enterprises have a multicloud strategy. On average, about 3.4 to 3.9 cloud servers are deployed per organization, allowing them to become better equipped to deal with the unique requirements of different processes.
A hybrid cloud inherits the advantages of both the public and the private cloud. They are as innovative and flexible as public clouds and as cost-efficient, fast, and adherent to regulatory compliances as a private cloud. Gartner predicts that the hybrid cloud market will grow at a healthy CAGR of 17%, from USD 44.6 billion in 2018 to USD 79.6 billion by 2023. Sophisticated Hybrid technologies such as Red Hat’s Openshift will enable compatible working across varied clouds and platforms. Experts predict that hybrid clouds will no longer be divided between “public” and “private” in the future. Instead, they will be segregated into two new categories, namely “dedicated” and “shared”.
Today, no business can think of running its operations without implementing software solutions, let alone becoming an industry leader. But recent reports suggest that cybersecurity has become a menace for companies across each industry. Statistics indicate that cybercrimes have increased by 630% between January and April 2020. Also, 65% of senior IT executives believe the most significant barriers in adopting cloud technology are security and compliance risk.
In the coming times, a significant portion of company spending will go towards cybersecurity measures. According to statistics, 28% of enterprises believe cybersecurity is the most important criterion while selecting a cloud vendor. This is primarily because of two reasons. Firstly, it will help companies protect their confidential data from cybercriminals. And secondly, it will enable identifying potential blind spots.
Agility and the will to transform according to new market realities are the two most essential points you need to consider while implementing cloud services. The five trends mentioned in this article will help you get a clearer view of the market and leverage the knowledge and expertise of the industry. In the post-pandemic world, everything will go digital, and the importance of cloud technology will improve significantly.
Cloud migration is underway with a vengeance. Various surveys have tried to place a figure on it – for example CIO says two thirds of businesses currently have plans to move existing ERP systems to the cloud. Others highlight the explosion of small and medium sized business selecting cloud for the first time – but whichever data you choose there’s no doubt a significant movement is underway.
Covid 19 forced many companies to act – bringing forward plans and prompting a spike in activity. The floor was then open to vendors to follow through with their offerings. Quick out of the blocks was SAP who launched Rise at the start of 2021 – a serious effort to win the “cloud first” crown. Described as “an ambitious subscription service” by TechTarget
Rise with SAP is designed to help customers overcome their fears about moving over to S/4HANA Cloud (SAP’s latest ERP platform.) It has certainly made life more straightforward for customers, with everything needed to make the transition offered in one package. But let’s not forget that one of the key issues in moving to cloud or even stepping up to ERP in the first place, is confusion around costs. How are costs calculated and what are the different ways to buy?
On premise ERP is often seen as the Rolls Royce of ERP – an apt analogy as it is both expensive and rather outdated – but still available if that’s what you want. Based on hardware hosted on your own premises it gives big companies total ownership of a bespoke system. This is a one-time capital expenditure leaving you responsible for your own maintenance costs.
Cloud ERP is based on a subscription model. The vendor hosts your data and maintains it on secure third-party servers. Fees are usually paid per user, on a monthly basis. Contracts last for a period of years and updates are rolled out automatically with no need for IT staff of your own.
Fixed Scope ERP Light – A fast start financials only system like InCloud Express is based on fixed pre-configured processes and is comparatively inexpensive. It uses the same cloud ERP subscription model but you are signing up to lower overall costs because you will be adapting your processes to fit. These systems can be implemented super-quick e.g. in as little as a month and can prove highly cost effective.
With Cloud ERP becoming the predominant model, subscription plans like the two mentioned above, are becoming the norm. They often require companies to have a minimum contract length and come in various tiers with increasing functionality and modules. You pay based on number of users and level of customisation.
User Types – these examples are based on the midmarket cloud ERP SAP Business ByDesign
Self-Service User
Allows users to perform core self-service tasks, such as time and expense reporting, purchasing, travel-management and service confirmation.
Core User
Supporting office workers, planners, accountants and sales in their daily activities with access to customer relationship management, purchasing, supply chain management and project management.
Advanced User
Advanced users get access to all available functionality including the core and self-service activities listed above. Advances users act as administrators and can access the business configurations, user management and business analytics for creating reports.
Customisation
This will add to your costs, whether you are talking about having a few bespoke forms created or if you want to adapt an entire process end to end. It’s worth thinking about what you think you MUST change and what could actually be adapted to fit. Out of the box cloud systems like SAP Business ByDesign CAN still be customised – the question is why do you want to?
You will also pay for any extras you need to complete the set-up, for example a Warehouse Management Systems WMS or E-commerce functionality.
Extending with apps
Pre-built extensions are revolutionising the cloud ERP landscape as vendors and their partners build innovative applications. Many leverage the digital technologies of today such as IoT, Machine learning, Artificial Intelligence, Blockchain, RPA, etc.
Thousands of customers are now using cloud-based apps to transform their business without the worry of integration or data and system risk. Using a side-by-side approach the apps offer myriad cases of extra functionality, run independently from the backend, whilst extending the digital core. These loosely coupled apps then push/pull data to/from your system with the least possible dependency – maximizing your investment in the solution while addressing your most demanding business challenges.
You will pay for these on a subscription basis clearly signposted in the listing. You can browse the SAP app store here to see what is available.
Implementation costs
Implementation costs will be part of the quote you receive from your partner or vendor. When you select a partner like InCloud Solutions for example, you get access to industry specialists and a highly experienced project manager. You will be advised on everything from project timetables, data preparation, user training etc
On-going support
Check out what software partners are offering in terms of support. You may be given some basic support as part of the deal or you may be encouraged to sign up to a support package which gives you access to a dedicated customer support figure. Look out for on-going training, help with upgrades and handy reminders on how to preform tasks in the system. Make sure you have budget for this.
The end result
With a subscription model your package will include hosting on the latest in-memory technology infrastructure, data security, 24/7 support, maintenance, backup and all upgrades. With a modular system increasingly being favoured by companies like SAP you will have access to the functions you need from financials and CRM to project management, procurement and analytics. With Business ByDesign you have an entire suite out of the box from get go – so you will not need to change systems as you grow.
Are you in the market for a new ERP or frustrated with your current system? Are you unsure which solutions to shortlist? The Lumenia ERP HEADtoHEAD™ full-scale virtual event offers a unique opportunity to compare leading ERP solution providers and their products. Taking place virtually on the 12 – 13 October, 14 ERP vendors will go head to head to demonstrate their ERP solutions. If you are in the market for ERP, it is the perfect opportunity to efficiently review and compare the leading ERP systems.
The virtual event takes place over two days and is facilitated by Lumenia Consulting. The event will feature live streaming, live polling and Q&A and real-time networking. The delegate platform will provide all the information needed about the event and the software being presented, it will also provide contact details for the ERP vendors, to allow for interaction pre and post-event. And most importantly, if you miss a session, content will be available on-demand post-event.
Solutions suitable for various organisation sizes, from large corporations to SME’s, will be represented. ERP solutions to be demonstrated include SAP Business ByDesign, Oracle NetSuite, SAP S/4HANA, Epicor, Sage X3, Microsoft Dynamics 365 Business Central, IFS, Microsoft Dynamics 365 F&O, Infor, QAD Adaptive, Acumatica, Intact iQ, EFACS and FinancialForce.
At the start of Day 1, all vendors take part in an ‘Elevator Speech’. During this session vendors present a summary of their USP’s to convince delegates why it would be a good idea to attend their on-line demo. Delegates can then choose to attend live demonstration sessions focused on Finance, Production, Procurement, Supply Chain, Projects or Sales. Each of these live demonstrations are based on standardised high-level scripts which makes it easier to make system comparisons.
Over the two days there are lots of other sessions taking place. For example, attendees can hear thought-provoking, vendor-independent presentations from Lumenia Consulting on ‘Are you ERP Ready?’; ‘Preparing Business Processes for ERP’ and ‘Characteristics of Successful ERP Projects’. There are also vendor sponsored VIP round-table sessions on both days and on Day 2 there is a new Agenda addition of four vendor vertical focused presentations. The penultimate session of the event, which is always a highlight is a panel discussion comprised of industry end users, all of whom have implemented ERP, talking about their experiences of ‘Avoiding ERP Implementation Mistakes’.
For further information, pricing discounts and how to register check out the event website http://erpheadtohead.com or send an email to This email address is being protected from spambots. You need JavaScript enabled to view it.
With rapid development of technology, businesses can find various alternatives for business applications. Especially in the last two years, the demand for software industry is increasing day by day as digital transformation has turned from a luxury to a necessity. Companies that want to make the right choice in this industry, where alternatives are plentiful, mostly turn to reliable software. Localization is the concern for most businesses that plan to choose global and reliable software. In this article, we wanted to inform you about the Turkey Localization of NetSuite, the world’s number one cloud ERP. If you want to shape your digital transformation journey with a strong name like NetSuite, which is the choice of many businesses around the world, but you are worried about localization, this article is for you!
• E-Invoice/E-Archive
E-Invoice, perhaps the most important issue for businesses in 2013, continues to maintain its importance today. With technology that continues to develop, businesses need to accelerate in every field. While businesses that cannot gain momentum remain in the background in the competitive environment, those that act with the right systems are a step ahead. Taking full advantage of all the possibilities offered by an ERP system is critical for businesses today.
With e-Invoice, you can increase your production rates and contribute to your productivity by transitioning your processes to paperless, electronic environment. E-invoices are invoices that are prepared and sent electronically, containing all the information that should be included within an invoice. Using E-Invoice that carries invoicing process between the seller and the buyer to the electronic environment, you can put an end to paper piles and use your time more efficiently. Thanks to the use of e-invoice, you can save money in various areas such as paper, printing, envelopes, shipping costs. Thanks to NetSuite Turkey Localization provided by Moneta, you can start using the advantages of E-Invoice without having to worry about compliance with Turkish standards.
Today, it is a necessity for businesses to have digital processes. In this necessity, e-transformation applications continue to have a significance. E-Ledger is a system that ensures wages and general ledgers, which must be kept according to the law, are kept in digital environment and given to the revenue offices with electronic signature. With e-Ledger applications, you can ensure a faster and more effective control in your processes, while preventing paper waste. According to the tax procedure law, companies with a turnover of more than 10 million should switch to the e-ledger application. In addition, individuals or legal companies that want to voluntarily switch to e-ledger do not need to be e-invoice users.
With the NetSuite E-Ledger application, you can save time and money you spend on your archive costs! NetSuite e-ledger application, which helps you to keep your files in a safe environment, is waiting for you with its full compliance with the legal regulations in our country!
With the transfer of tax transactions and commercial transactions to the electronic environment, e-transformation has also become a government policy. E-waybill transactions stand at an important point in this policy. The e-waybill, which we can briefly define as the electronic waybill of the waybill prepared on paper, offers the opportunity to process much faster than the regular waybill.
E-waybill being mostly used as a counterpart to the dispatch waybill, the risk of losing documents is reduced to zero. In addition, you can search E-Waybills at any time via the Moneta NetSuite Turkey Localization E-Waybill system and save your time spent between paper piles.
Today, many businesses work with business partners from different parts of the world. This can sometimes cause confusion within the systems. Especially when it comes to currency changes, this confusion can become even more evident. Companies in Turkey are obliged to use exchange rates published by the Central Bank of the Republic of Turkey every working day. Moneta NetSuite Turkey Localization imports 4 different exchange rates daily from the Central Bank, and users can choose to use any of the Currency Buying, Currency Selling, Effective Buying or Effective Selling rates for transactions. In this way, you can perform your transactions on a single screen and prevent possible confusion.
• Check-Draft Module
When it comes to trading, there are many forms of payment. Commercial enterprises can sometimes use the check method when they cannot make their payments but want to continue their activities. From an accounting standpoint; checks are divided to two categories as company checks and customer checks. With Moneta NetSuite Turkey Localization Check-Draft Module, you can use these methods in your payments, which are of critical importance to the business world, to the digital environment and follow them much more easily.
When it comes to software, businesses spend a lot of time and often worry about return on investment before investing. In today’s world, it is almost impossible to stay competitive without having the right system. If you want to strengthen your business with NetSuite, the world’s number 1 cloud ERP, you can contact Moneta and get further detailed information.
Acumatica, the world’s fastest-growing cloud ERP company, announced the release of Acumatica 2021 R2, the second of its biannual product updates. The release includes comprehensive advances in personalization, core business process functions, and industry editions.
“The functionality updates in 2021 R2 reflect our customers’ requests for even more streamlined processes and greater efficiency,” said Jon Roskill, CEO of Acumatica. “We purpose-built our ERP solution for the cloud from the very beginning, which enables us to add and enhance processes and features at a rapid pace.”
Acumatica 2021 R2 takes ERP configuration and customization a step further with personalization – adjusting Acumatica’s agile and robust software to each customer’s individual needs. With 2021 R2, customers can reduce time spent finding actions and reports through a consolidated toolbar, and automate complex business processes without programming. Users can also react to data changes by creating tasks from business events, and boost productivity by automating administrative tasks and triggering notifications when key activities occur. In addition, technical users now have access to the new DAC Schema Browser to easily view data tables and field mappings.
The 2021 R2 update includes integrations with Microsoft Teams and Adobe Document Cloud. With the Acumatica for Microsoft Teams integration, customers can access the communication and collaboration features of Teams from directly within Acumatica, without switching between platforms.Similarly,Acumatica customers can use the Adobe Document Cloud integration to annotate, highlight, comment on PDF documents, and save updated versions with an audit trail and version control – all without leaving Acumatica.
In 2021 R2, Acumatica delivers new features and enhancements to all its industry editions.
Feature Benefits for Financials, CRM, and Payroll:
Feature Benefits for Distribution and Commerce:
Feature Benefits for Construction and Field Service:
Feature Benefits for Manufacturing:
Acumatica built its cloud-based ERP solution for customer resiliency and success. Customers interested in learning more about 2021 R2 can visit our website at https://www.acumatica.com/blog/register-acumatica-2021-r2-virtual-launch/.