IoT and ERP is a powerful combination that gives African SMEs the agility to enter large supply chains and compete head-on with the big guys, says DEIRDRE FRYER, Product Manager for Africa at SYSPRO Africa.
Stop for just a minute and take a look at your office printer. It may not be particularly exciting – like any other printer, it likely tracks the amount of paper you are using and alerts you when your cartridges are low. But what if that printer could be linked to your ERP system? What if it could tell you when it needs to be serviced, and provide you with accurate information around its lifespan so that you would know exactly when it’s beginning to cost more money than its worth?
And your printer is just one everyday item with IoT capabilities. Imagine the possibilities of being able to feed information from an entire network of assets into the ERP.
We all want to be more agile
As we already know a good ERP system essentially allows you to take all your vital data across business units and divisions, and integrate it seamlessly to view real-time information and make better informed business decisions. So naturally if you were able to feed the wealth of unstructured data from all of the smart devices in your business, and integrate that information with the existing structured data in your ERP, you could leverage it to provide extremely valuable insights. Whether you want to up your game in customer service, forecasting or inventory management, integrating the IoT into your ERP can help you make infinitely better business decisions. You’ll also be able to gain these insights more quickly, allowing you to rapidly adapt to changing consumer and business requirements, and extend your business model accordingly. The end result? Far greater flexibility that enables you to compete in large supply chains with much bigger players.
So what’s holding us back?
While it’s fair to say we are starting to see local businesses begin to harness the power of IoT in their ERP solutions, many companies are still constrained by the complexities involved in integrating all of their systems. And, of course, another big part of the reason why many businesses are holding off on IoT, is the concern around security. Because the very nature of the IoT entails the collection of personal information, a breach in IoT security could quite literally put people at serious risk. Hacking has also become a great deal more prevalent in recent years and when it comes to IoT specifically, it means you suddenly need to secure devices which previously you didn’t have to worry about because they were in isolation. Your protocols and security need to be a lot stronger so that your business isn’t put in a position where hackers can access your entire network via an IoT connection.
Start with a simple question
So how can you overcome these challenges and start leveraging IoT in your ERP?
It’s essential that you start by asking yourself what your objectives are. You need to know what your return on investment will be and what benefits you can expect. Perhaps most importantly, ask yourself what kind of insights you are hoping to achieve, and whether you are likely to develop those insights based on the IoT strategy you plan to put in place.
Ultimately you need to then base your entire strategy around those insights you want to achieve. Your ERP software also forms an important part of your ability to leverage IoT. As such you’ll want to make sure that your ERP system has an integration layer and protocols that enable the sharing of information and communication between solutions and devices. It’s also important that you partner with an ERP solutions provider which recognises IoT as a natural evolution of its strategy. There’s little doubt that IoT is the future when it comes to the way businesses communicate and connect their information.
The right systems can remove the complexity
This is exactly why SYSPRO is currently developing its platform to make it easier for companies to connect their ERP systems with IoT devices. Ultimately, we want to remove the complexity involved in this process, and make it simpler and less expensive for businesses to achieve their IoT goals. Indeed, as ERP platforms evolve and make it simpler to connect various systems across the business, we will likely see a significant pickup in the number of local companies merging IoT and ERP over the next two to three years. And for good reason. The internet of things is already all around us – perhaps even more so than we might think – and by tapping into this incredible source of data, companies can fast forward their business intelligence, enabling them to punch high above their weight. So stop thinking of your printer as just a printer and start asking how IoT can benefit your business. A world of invaluable insight awaits.
Welcome to world of 2099
The world of 2099 will be unrecognisable from the world of today, but it can be predicted, says one visionary. ARTHUR GOLDSTUCK met him in Singapore.
Futuristic structures tower over the landscape. Giant, alien-looking trees light up with dazzling colours amid the hundreds of plant species that grow up their trunks. Cosmetic stores sell their wares via public touch-screens, with products delivered instantly in drawers below the screens.
This is not a vision of the future. It is a sample of Singapore today. But it is also an inkling of the world we may all experience in the future.
Singapore was the venue, last week, of the World Cities Summit, where engineers, politicians, investors and visionaries rubbed shoulders as they talked about the strategies and policies that would enhance urban living in the future.
As part of the Summit, global payment technologies leader Mastercard hosted a small media briefing by one of Singapore’s leading thinkers about the future, Dr Damian Tan, managing director of Vickers Venture Partners. The company’s slogan “We invest in the extraordinary,” offers a small clue to Tan’s perspective.
“We look as far forward as 2099 because, as a venture capital firm, we invest in the long term,” he tells a group of journalists from Africa and the Middle East. “Companies explode in growth because there is value in the future. If there is no growth, they won’t explode.”
The big question that the Smart Cities Summit and Mastercard are trying to help answer is, what will cities look like in the year 2099? Tan can’t give an exact answer, but he offers a framework that helps one approach the question.
“If you want to look at 81 years into the future, and understand the change that will come, you need to double that amount and look into the past. That takes us to 1856. The difference between then and now is the difference you can expect between now and 2099.”
Click here or on the page link below to read on: Page 2: Soldiers and Health in 2099.
- Arthur Goldstuck is founder of World Wide Worx and editor-in-chief of Gadget.co.za. Follow him on Twitter on @art2gee and on YouTube
Street art goes electric
Kaspersky Lab and British street artist D*Face have unveiled the first-ever “art helmet” design at the Formula E finale for electric cars in New York.
The ‘Save The World’ helmets will be raced by DS Virgin Racing’s drivers, Sam Bird and Alex Lynn, as they traverse the New York street circuit during the final races of the Formula E season.
The announcement signals the first art helmet by a Formula E team, continuing the heritage of art in motorsport and the cybersecurity brand’s commitment to contemporary art, creativity and innovation. D*Face took inspiration from Kaspersky Lab’s tagline, “A Company To Save The World”, and hopes that his colourful work will inspire people to take positive action.
D*Face will announce his first-ever art car design with a custom-made livery for the DS Virgin Racing Team. Its design will be released at the “Art Goes Green” event after Saturday’s race. The helmets and art car are the latest installations in the “Save the World” collection, following a major permanent public mural that was installed in Brooklyn, New York, in May.
D*Face, whose real name is Dean Stockton, said: “It is exciting to work with Kaspersky Lab on this project and create art with a real message of hope for a better future. After all, this is our world and we need to look after it. It will take every one of us to make a real lasting, impactful change. I love the mentality of the DS Virgin Racing Team and that of Formula E by showcasing sport in a way that doesn’t harm the environment, but is still just as exhilarating and fun.
“It is time for us all to stand together and make a change… be that stopping data steals, climate change, plastic waste or using damaging fuels. I want everyone to make a pledge to do one thing that will help make a change.”
As a sponsor of DS Virgin Racing Team, Kaspersky Lab is responsible for protecting the team’s devices against cyber threats. The company sees the technical environment in the global sport of Formula E as the next frontier in furthering its research and development of new technologies to keep vehicles secure in the digital world.
Sylvain Filippi, Managing Director at DS Virgin Racing, said: “The whole team fully supports this great initiative and our thanks got to Kaspersky and D*Face for their collaboration. It’s an honour to have such an innovative artist bring his talents to bear in our team ahead of the season-finale; the car, drivers’ crash helmets and mural all look amazing.”
Aldo Fucelli Pessot del Bo, Head of Global Partnerships and Sponsorships at Kaspersky Lab added: “There is a need for innovation on a global scale, both in contemporary art and in the fast-growing sport of Formula E. Now, for the first time ever, Kaspersky Lab is proudly bringing together the two sectors in an effort to Save the World and unleash creativity, encourage freedom of expression and further innovation.”