This data is often siled in enterprise resource planning (ERP) systems. However, with ERP data modernization, companies can integrate data from multiple sources, which will ensure data accessibility and create the framework for digital transformation. Migrating legacy databases to the cloud also gives businesses access to AI and ML capabilities that can reinvent their organization. According to Anil Nagaraj, Director of Analytics Insights, Cloud & Digital at PwC, companies that modernize their ERP data see increased efficiency, cost savings and increased customer engagement, especially when built on a platform cloud such as Microsoft Azure.
Cloud transformation, along with ERP data modernization, democratizes data, empowering employees to make decisions that directly impact their business segment. And in an increasingly competitive marketplace, becoming data-driven means organizations can make faster, more timely, and smarter decisions.
This content was produced by Insights, the custom content arm of MIT Technology Review. It was not authored by the editorial staff of MIT Technology Review.