MRO software tech trends

MRO Software: Top MRO Tech Trends in 2015

According to aviation experts, the global Maintenance, Repair, and Overhaul (MRO) market will continue to grow in 2015. New tech advances will replace old technology at a fast pace, with significant implications for MRO companies. Here are the top five predictions expected to impact the MRO sector this year.

MRO software trends 2015

Top Five Predictions:

  1. Maintenance “on-the-go” – Last year, we’ve witnessed business transformation based on new digital models; this year, we’ll see organizations embracing a new technology-driven world, in which mobility will be the norm. Mobile MRO software applications will transform the entire MRO sector into an interactive, immersive environment, with a focus on discovering new ways to woven mobile applications into aircraft maintenance and repair strategies. A few years back, aircrafts used to be serviced in hangars; now, an increasing number of MROs are adopting mobile technologies, which allow them to perform a variety of maintenance and repair tasks at clients’ locations.
  2. Increased mobility – Technicians working around aircrafts are already using wearable applications and devices, such as smart glasses and watches, to obtain detailed information on the spot, perform technical evaluations, complete maintenance and repair tasks promptly, and transmit real-time information to the office. According to Espen Olsen, director for aerospace at Industrial and Financial Systems (IFS), advances in MRO software will create new markets, new products, and new areas of growth in 2015, making the MRO sector more efficient and productive. If a while ago, technicians used basic instructions and schematics to perform their jobs, often going with their intuition, new mobile applications offer them all the information they need to complete difficult installation, maintenance, and repair operations with no risks. If a worker is unsure how to perform a task, he can now connect with other specialists to get advice. Furthermore, the professionals operating in the MRO sector expect user friendly software applications with responsive deign, highly optimized for touch and compatible with multiple device form factors.
  3. 3D Printing – The aerospace industry has become a key market for 3D printing, or additive manufacturing. In this sector, typical applications revolve around elements with complex geometries, such as turbine and engine parts as well as cabin components. Since 3D printing uses materials and energy more efficiently than conventional manufacturing, a wide variety of components can be manufactured cost-effectively, at the point of use, obviating the need for storage. Small production runs along with aerospace-specific adaptations deliver further arguments in favor of 3D printing. As a result, we’ll start to see an increasing number of MRO companies benefiting from a real return on investing in additive manufacturing, which means that this technology will have a dramatic impact on MRO software this year.
  4. Big Data – Another important trend is Big Data technology. The aviation industry already operates on thin profit margins. This indirectly means that aircraft MROs must find new ways to overcome challenges and become more efficient when servicing aircrafts. Partially, their efficiency depends on the Big Data technology they adopt, as this technology gives them the ability to process, centralize, filter, track, and analyze a massive volume of structured and unstructured data relating to equipment, inventory, maintenance, and approved procedural information. Focusing on predictive analysis, Big Data technology also helps technicians streamline maintenance and repair operations by allowing them to access information anywhere, at any time, according to pre-defined user roles.
  5. Innovation – In highly regulated industry sectors, such as MRO, innovation is key. As an increasing number of MROs need more affordable and reliable specialized applications, software developers and vendors are required to come up with new solutions able to optimize “on-the-go” maintenance and repair operations as well as processes in hangars or workshops for lower operating costs. As a result, more MRO solution providers are expected to compete for supremacy this year.

Today, aircraft MROs are subject to significant shortages of skilled workforce. Difficulties in monitoring and managing different processes have already determined many companies to increase the number of contractors in order to keep operations running at optimal performance. Though new technology trends will put additional pressure on MRO providers, many experts are pointing toward exciting opportunities driven by the power of technology, advances in MRO software being expected to yield significant benefits in 2015.


ERP Predictions

Future of ERP: Looking Ahead To 2015

According to Gartner, ERP acquisitions will continue to rise in 2015. In fact, it seems that enterprise software, especially cloud deployment models, will become an engine of growth for the Information Technology sector.

future of erp

The ERP market is more dynamic than ever before, with an increasing number of Tier 2 solution providers competing for supremacy. Additionally, the need for simpler interfaces, complex functionality, and more ERP options for SMBs will further employ a series of new concepts, such as the Internet of Things (IoT), Big Data, BYOD, BYOC, and BYOA, along with exciting advancements in SaaS, mobility, and Business Intelligence (BI). Needless to say, all these will ineluctably affect the future of ERP.

Top Seven ERP Predictions to Watch for in 2015    

Below are the top seven ERP predictions for 2015, based on what experts are seeing right now.

  1. SaaS versus on-premise solutions: Although ERP trends have swung back and forth between SaaS and on-premise deployment models for years, both will continue to exist and affect the future of ERP to some extent. That’s because many organizations are still adopting both solutions, some preferring on-premise ERP to SaaS and cloud computing options, especially due to security concerns.
  2. ERP module versatility: Businesspeople are aware of the fact that modern ERP software goes far beyond enterprise resource planning. While there has been a dramatic increase in applications designed to extend core ERP functionality, industry watchers are seeing a new trend toward standalone inventory, financial, and customer relationship management modules, which companies can use separately or include in complex ERP solutions. Developers are now expected to extend the functionality of these modules to focus even more on inventory, finance, and customer relationship.
  3. Best-of-breed (BoB) versus Best-of-Suite (BoS): Not too long ago, we witnessed the decline of BoB ERP solutions; but now, they’re returning to the “scene.” As BoB solutions support a higher level of integration with existing infrastructure, they can offer specialized functions in areas where BoS applications, provided as standalone ERP suites, fall short. As a result, organizations will have a lot more options to choose from, which is tremendously useful when a complex set of capabilities is needed. Increased BoB adoption will require better integration between new software solutions and existing functionality, which will turn software architecture into an important prerequisite to ERP success.
  4. Mobile and BI product development: Whether catering to small or large enterprises, developers will add more mobile and BI features to their products. Though mobile and BI functionality won’t necessarily help companies achieve superior results, developers and vendors must keep up with market demands. Because specific ERP features, such as reporting tools and dashboards, work well ported to mobile devices, developers will probably focus on these two areas, which will divert once again the course of ERP.
  5. Social integration: Recent trends, such as IoT, BYOD, and BYOC, have predicted the “big ERP shift” we’re witnessing today. Conceptually, this means that developers are considering the integration of ERP software with social networking for better collaboration and utilization of resources. With more millennials entering the workforce, ERP systems will have to deliver a more user-friendly look and feel, which will irreversibly impact the future of ERP. But it will also solve most of our concerns regarding user adoption of ERP software, eliminating some of the obstacles that hinder progress, such as resistance to change.
  6. Workflow management automation: ERP systems can be configured to automate a series of processes. Since this allows companies to use information more intelligently, with less human input, workflow management automation will become one of the ERP “motivators” in 2015.
  7. ERP implementation failure: ERP products broaden and evolve continuously, which creates new issues with the implementation of ERP projects. Each year brings about new reported failures, especially due to the excessive complexity of new system versions. Unfortunately, implementation failure, considered a “characteristic” of ERP, has turned ERP implementation success into a rare, sequential event.

Given how quickly ERP software is maturing, more context-rich ERP solutions combined with advanced analytics being developed each year, 2015 will probably be a good year for the enterprise sector. This will favorably impact the future of ERP.

Clients First is an expert at implementing  Acumatica, Dynamics 365 and Dynamics AX. Contact our sales team today by calling 800.331.8382 or emailing Clients First implements and supports clients across the U.S.A. and in 11 countries. Our team of professionals are ready to help implement the best finance and operations solutions for manufacturers, distributors, project-based manufacturers, MRO (maintenance, repair and overhaul), and professional services.

When is it Time to Replace ERP

Big Data

What Big Data Means For The Future Of ERP

Every single company out there needs data for improved decision making. This actually means that organizations must handle increasing volumes of information if they want to boost their business results. The massive volumes of data most enterprises need to collect in order to achieve their goals have lead to a phenomenon known as Big Data.

Big Data

Big Data affects all of us. How? Well, considering that we’re producing more than 48 hours of new videos, 100,000 new tweets, and 200 million new email messages every minute, we’ve already exceeded our data storage and processing capacities. In a nutshell, storing and processing every piece of information is impossible, no matter how much computing power an organization has. An enterprise trying to handle too much data will encounter a series of issues, ranging from meaningless to misleading connections between different data points, which will lead to inaccuracies and poor business decisions.

How Will Big Data Impact the Future of ERP?

The main issues with Big Data isn’t only that the volume of structured data collected via ERP systems continues to grow, but also that more and more organizations must manage an onslaught of unstructured information from various sources, including machine-to-machine communication systems and social media sites.

Some factors affecting Big Data phenomenon and the future of ERP, implicitly, are social media, mobility, and sensor networks. Today, many companies are using social media websites to engage with their customers directly. While this allows organizations understand what their customers really want, most of them are unable to handle data effectively. As a result, tailoring products and services to exact customer preferences isn’t going to happen too soon.

On the other side, people are increasingly using their mobile devices for a series of activities, ranging from chatting with friends and shopping online to completing work tasks. But even the most insignificant things we do online turn into critical information for the companies that collect data to better understand online customer behavior, eventually exceeding their ERP systems’ data storage and processing capacities.

Another point that needs to be addressed is that most enterprises are currently using sensor networks to get semi-structured data, which provides insight into specific business processes, such as production, inventory, and supply chain management, allowing leaders make better business decisions.

Considering the aforementioned aspects, you can easily understand that Big Data is actually about developing new technologies to allow companies to effectively collect, process, and analyze massive volumes of structured and unstructured information.

Although the Big Data phenomenon hasn’t modified the way companies use their ERP systems yet, that’s going to change if the demand for tapping into large amounts of information will continue to grow. Traditionally, data collection and processing activities have been defined around ERP systems. Now, companies must find new ways to process the information they get. This will definitely impact the future of ERP, requiring IT specialists to transform the ERP systems they’ve developed from some basic business tools into business intelligence (BI) software solutions. One company that has already done that is Microsoft. Dynamics NAV, one of the best ERP solutions available nowadays, has recently been complemented with BI technologies to enhance its data processing capabilities.

It’s very important for your organization to view its Big Data project as a complex business endeavor, and not as a simple IT task. This will allow you to get all business and IT leaders involved in your project, which could help you accurately outline key business-specific metrics and performance indicators, make the best possible decisions regarding your Big Data project, and choose the right ERP system for your organization.

If the best Big Data decisions are made and the most appropriate ERP system is selected, your company will be able to focus on specific data points that impact its business processes directly. This will lead to better outcomes.

Big Data is going to change the future of ERP, affecting the way companies will shape their future. Fortunately, most business leaders are already aware of the fact that getting the right information instead of any type of data is a critical success factor in business. This can only be done by choosing the most appropriate Big Data technologies for your organization.