ERP, SCM, CRM, PLM Analytics kind of software require powerful and on-demand scalable hardware with in-memory capabilities. With Cloud Computing, In-Memory becoming reality; current time can be considered as golden era for the ERP, SCM, CRM, PLM Analytics kind of software. Reasons for this statement are listed below:
a. Each of these software need to deal with generation of huge data every day
b. Complex business rules need to applied to every transaction which demands in-memory computation
c. Easier and quicker adaptations to business rules based on rapidly changing marketing conditions
d. Analysis of the big data for generating actionable information
e. Forecasting of the investment, production requirements
f. Leading the competition by continuous analysis of the market
Cloud computing, by abstracting hardware, empower these software to work with rapidly growing data, increasingly complex business rules. Elastic computing capability of cloud, either increase or decrease, will enable the software to ingest extremely fast changing data and business rules and in-turn enable the organization to run day-to-day business without any issues.
Internet of Things is next big thing which will generate big data in every minute, every hour on daily basis. Cloud computing will be the platform to enable these software to handle this scale of data.
Cloud computing solves majority of the problems but not all. In-Memory computing will complement and enable organizations to exploit the advantages provided by cloud computing. In-memory will be shot in the arm for analytics tools which need to deal with big data and ever increasing complexity and changing nature of business rules.