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ERP Upgrades Give Companies a 'Big Data' Edge

By Dennis McCafferty on 2012-01-06


Managing the ever-growing amount of data your organization produces can be a daunting problem. New cloud technologies seem to present some solutions, but they also bring their own data challenges, according to a recent survey from consulting firm KPMG. What do CIOs and IT organizations need to do to make sense of their Big Data? To gain an edge over the competition, they need to reduce the complexity of data and use it to make better decisions, the survey finds. And many decision-makers are turning to Enterprise Resource Planning (ERP) solution upgrades to make that happen. "In the past, the focus was usually on connecting processes or transactions from disparate systems, often creating a hodge-podge of unfocused information," says Stephen G. Hasty, national advisory innovation leader for KPMG. "Today, executives have solicited business-unit input in advance, and planning for new IT frameworks at leading organizations already includes data analytics, predictive modeling and cloud strategies to improve corporate knowledge." More than 335 executives took part in the research. Here are selected highlights:

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49% of executives surveyed say their organizations are overwhelmed with data.

56% of executives say that the cloud can help them become more agile and competitive.

59% of respondents say the cloud will bring data-management challenges, despite the interest in the technology.

53% of execs say the cloud raises business-transformation issues, down from 82% a year ago.

62% of those surveyed say their organizations are working to improve decision-making.

41% of execs say their organizations plan an ERP upgrade.

26% of those execs plan to do an implementation within the next 12 months.

Perceived Benefits of ERP Upgrades:
Improved efficiencies (as cited by 48% of survey respondents)
Elimination of manual processes (42%)
Improved alignment between IT and business (37%)
Improved compliance (34%)

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