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Unlocking New Value From Traditional ERP

Sri Narayanan | June 22, 2017
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The digital disruption upending business today calls for business leaders to make a stark choice: Either digitally reinvent themselves, or face irrelevance and extinction as their businesses decompose around them.

For the modern enterprise, this 'reinvention' goes beyond digital transformation. Enterprises must recognise the immense possibilities of their enterprise applications for digital reinvention.

Addressing these challenges, CIO Asia in partnership with IBM hosted CIOs and IT leaders to  an executive lunch cum discussion on 20 June 2017 at the Ruth's Chris Steak House, Marina Mandarin Hotel. A panel of experts provided insights on how companies could extend the capabilities of existing enterprise applications to realise new potential.


Going beyond digital transformation

In her opening comments, Jeanne Yeo, Partner, Global Business Services at IBM ASEAN, suggested that enterprises must recognise that digital capabilities necessary for digital reinvention included innovative technologies that offer new experiences not just to customers, but all their stakeholders.

If deployed correctly, technology can keep their businesses ahead of the competition, help devise new ways of working and collaborating, and build new expertise along the way. Yeo proposed several steps enterprises could take now to assist the process of digital reinvention.

These included: employing design thinking and visualising scenarios, agile development and testing of prototypes, deepening capabilities to build and deploy apps that support new operating models and support systems, and finally, moving being point solutions with a holistic vision to guide the reinvention process.

Collectively, these steps will foster a culture of iterative innovation where staff will feel empowered to embrace disruption, not avoid it. Combined with enabling technologies, these enterprises will operate at their full potential and be fluent in agile, analytics, mobility and cognitive capabilities.


Introducing the Cognitive ERP

True digital reinvention starts with asking the question: How do you get data in and out of your core ERP faster so you can turn it into business intelligence sooner?

Actionable insights drive innovation and are at the very heart of digital transformation and increasing customer value, noted Chinmaya Vijayakumar, Digital Transformation Lead, IBM ASEAN. He observed that extracting this value required an enterprise to develop cognitive capabilities for real-time insights.

For example, using IBM Watson's APIs and working with SAP HANA as its digital core, enterprises are in a position to invent new possibilities with in-memory software. The resulting analytics and insights will accelerate key business processes with rapid reporting and analysis.

Cognitive capabilities will help businesses redefine business models and processes by leveraging innovation; it will lead to a reduced TCO with less hardware, maintenance and testing. Ultimately, applying cognitive technologies will help enterprises make smarter decisions with more accurate, real-time insights.


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