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RESPOND TO THIS DISCUSSION 2 IN 150+ WORDS
Enterprise Resource Planning is a large system integrating all data, software modules, and hardware in one place. It is a widely used application for all sizes of companies providing easy access and control to all types of data for all software functions. An ERP system comprises various modules each addressing a definite business purpose (Greasley, 2017). As market demands to change so often, there is an increasing necessity to adapt accordingly for business growth. I am working in an exponentially growing financial industry. As the company growing so are the requirements. A business consists of a set of individual blocks by sharing common information in different forms (Reş, 2014).
I will analyze all individual departments to figure out what kind of modules we would be needing to integrate different sets of data, applications, hardware, human resources in the most efficient way. I will do a cost analysis for replacing an existing functionality with an ERP module and make a feasible decision. I will integrate all the modules to make it more flexible for future enhancements. With ERP, the human resources department can see accounting information and vice versa, making it easy to share necessary information with minimum effort. Big data is a system to handle a large amount of data of any type. Volume, velocity, variety, veracity are important aspects of big data help to transform the data with intelligence to analyze data in decision making. I would integrate big data and ERP as it is the future for better business management (Elragal, 2014).