/plushcap/analysis/fivetran/new-research-the-high-cost-of-stale-erp-data

New research: The high cost of stale ERP data

What's this blog post about?

A global research study reveals that 77% of enterprises lack real-time access to Enterprise Resource Planning (ERP) data, leading to poor business outcomes and lost revenue. The main challenges in obtaining real-time ERP data include system complexity, integration issues, incompatibilities, and a lack of in-house expertise. Software vendors further complicate the situation by intentionally making access to their solutions' data difficult. 85% of ERP professionals believe that stale data leads to incorrect decisions and poor business outcomes. Only 23% of companies have real-time ERP data access today, despite its numerous advantages such as faster decision-making, improved accuracy, increased efficiency, early problem detection, and smoother operations. Cloud-based ERP solutions and change data capture (CDC) can help enterprises harness the power of their ERP data in real-time. Log-based CDC is particularly effective due to its low impact on source systems and ability to enable real-time data movement. Implementing a real-time database replication solution with log-based CDC can provide business users timely access to ERP data without affecting the source applications.

Company
Fivetran

Date published
May 11, 2022

Author(s)
Dayna Shoemaker

Word count
656

Hacker News points
None found.

Language
English


By Matt Makai. 2021-2024.