| | AUGUST 20239CIOReviewa part of disaster recovery plan and can be reactivated within hours or even minutes.For Cloud computing services, there are 3 (Three) types of services:1. IaaS : Infrastructure as a Service2. PaaS : Platform as a Service3. SaaS : Software as a Service The table below is of the type of models, the benefits, and how we can use any or all of them to create a cloud-computing environment that meets all of our needs. With this table you will get clear understanding on how Cloud computing management between all Cloud computing services compare with, on-premises model.How is ERP and Cloud Related?With the advancement of cloud computing technology, ERP systems began shifting to cloud-based models, offering greater scalability, flexibility, and accessibility. Starting from 2010s to present, there has been a significant shift towards cloud-based ERP systems, often referred to as ERP in the cloud or cloud ERP. Cloud-based ERP solutions offer several advantages over traditional on-premises ERP systems, including: Lower upfront costs: Cloud ERP eliminates the need for extensive hardware investments and reduces upfront software licensing costs. Scalability: Cloud ERP systems can easily scale up or down based on the organization's needs, allowing for flexibility and accommodating business growth. Accessibility: Cloud ERP enables users to access the system and data from anywhere, promoting remote work, collaboration, and mobility. Automatic updates: Cloud ERP providers handle system updates and maintenance, ensuring that users are always on the latest version without any manual effort. Data security and backup: Cloud ERP providers typically have robust security measures and backup systems in place to protect data from loss or unauthorized access. Integration and interoperability: Cloud ERP can seamlessly integrate with other cloud-based systems or third-party applications, facilitating data exchange and interoperability.The rise of Software-as-a-Service (SaaS) providers, such as Oracle NetSuite, Infor Cloudsuite, Microsoft Dynamics, SAP Hana and others ERP products brand offered ERP functionality through subscription-based models, making it more affordable for small and medium-sized businesses.Overall, cloud computing has revolutionized the ERP landscape by providing organizations with a more flexible, cost-effective, and accessible approach to managing their operations and resources.Cloud ERP and Digital TransformationCloud ERP systems are a key enabler of digital transformation initiatives. They provide a solid foundation for organizations to integrate various digital technologies, streamline operations, and enable data-driven decision-making. ERP systems serve as a centralized hub that connects different functions, processes, and data sources, facilitating the flow of information required for digital transformation. By implementing a cloud ERP system, organizations can enhance their ability to leverage emerging technologies, drive innovation, and achieve their digital transformation goals.Nowadays, cloud ERP systems have evolved to support digital transformation initiatives. They now incorporate emerging technologies like artificial intelligence (AI), machine learning (ML), Internet of Things (IoT), and data analytics.In summary, cloud ERP systems play a vital role in supporting digital transformation efforts by providing a unified platform for managing core business processes and enabling integration with other digital technologies. Together, ERP, cloud and digital transformation can help organizations enhance their competitiveness, improve operational efficiency, and deliver better experiences to customers. ERP can be considered as complete and important integrated business system that is recommended to be implemented in every organization from small, medium up to enterprise level
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