This data is often siloed in enterprise resource planning (ERP) systems. However, with ERP data modernization, businesses 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 companies access to AI and ML capabilities that can reinvent their organization. According to Anil Nagaraj, principal in Analytic Insights, Cloud & Digital at PwC, companies that modernize their ERP data see increased efficiencies, costs savings, and greater customer engagement, especially when it’s built on a cloud platform like Microsoft Azure.
Cloud transformation—along with ERP data modernization—democratizes data, empowering employees to make decisions that directly impact their segment of business. And in an increasingly competitive marketplace, becoming data-driven means organizations can make faster, timelier, and smarter decisions.
This content was produced by Insights, the custom content arm of MIT Technology Review. It was not written by MIT Technology Review’s editorial staff.