PodChats for FutureCIO: Hurdles and opportunities of cloud ERP

ERP is at a few decades old technology including in Asia. However, IDC says COVID-19 was a tipping point accelerating enterprise application investments as organizations apply speed to their journey of digital transformation.According to Mickey North Rizza, program vice president, Enterprise Applications and Digital Commerce at IDC, the application of big data, artificial intelligence, machine learning, conversational UI, virtual assistants/chatbots, predictive analytics, and natural language processing is enabling a new and more modern and modular enterprise experience. "Moving beyond rationalization, modernization and transformation are reshaping the enterprise for the future."Sampath Kumar Venkataswamy, research manager, IDC Asia/Pacific Manufacturing Insights, says: "We have been seeing increased traction from on-premises to cloud enterprise applications in the last couple of years. The changing manufacturing landscape and significant interest toward remote monitoring and maintenance continue to be among the major drivers for organizations choosing cloud-based ERP applications.The cloudification of ERP is not limited to manufacturing as other industry segments voice similar initiatives for their own reason.With us today is Hirak Kayal, VP of Cloud Applications at Oracle, welcome to PodChats for FutureCIO.FutureCIO media query: The cloudification of ERP by IDC1.                   What is the biggest reason why businesses are moving their ERP to the cloud?2.                   What is the main reason why some organisations are opting for lift-and-shift as opposed to a full cloud ERP deployment?3.                   What is the biggest benefit (#1 is different) for moving ERP in the cloud?