Day: February 8, 2018
Started in October 2010, Infraud was short for “In Fraud We Trust,” and collectively the forum referred to itself as the “Ministry of Fraudulently [sic] Affairs.” As a mostly English-language fraud forum, Infraud attracted nearly 11,000 members from around the globe who sold, traded and bought everything from stolen identities and credit card accounts to ATM skimmers, botnet hosting and malicious software.
Businesses often spend considerable time internally debating whether or not they should update their ERP system to the latest version, with many unsure just how they can tell whether the time is right or not to sanction an upgrade.
While some businesses may be sceptical of the upheaval that is associated with upgrading, often the disruption and cost are dwarfed by the benefits to profits and efficiencies that come with being on the latest update of an ERP system.
To help you better gauge whether the time is right for your business to upgrade their ERP system or not then, we have compiled a list of the key signs that your business is being held back by their current ERP system version.
Enterprises are seemingly stuck.
They have a bunch of legacy applications hanging like albatrosses around their necks, inhibiting their ability to compete and deliver new experiences to their customers, employees, and partners.
As a result, there is tremendous pressure to refresh interfaces and update these legacy applications to make them fit into our expectation of how a modern application should function.
For some applications, the decision is easy. Whether because of their simplicity or criticality, enterprise organizations just suck it up and build a new, modern application from scratch. But with many other applications — most, in fact — it’s a much more difficult situation.
Several years ago, Alan Hackney, former CIO of John Hancock and now Health Information Technology Officer for the State of Connecticut, told me that “CIOs were becoming the orchestrator of business services versus the builder of operational business services. Building stuff”, he said, “is now table stakes. Cloud and loosely oriented partnerships is bringing vendor management to the forefront.”
Given this, I wanted to hear from the CIOs in the #CIOChat about their perspectives on SaaS and SaaS vendor management. These CIOs were clear with me that they are moving their organizations to SaaS and public cloud slowly but surely. In general, they said there will be less on premise and more SaaS and public cloud. Most believe in the next three years that on premises will no longer dominant computing workloads.