Internet is enveloping all hardware at a shocking rate, resulting in a world where everything at work and at home openly relates to the internet. No more limited than just computers and smartphones in the past, the internet now communicates with every manner of device that can be imaged. Today, the world of technology is paving an inroad toward the Internet of Things (IoT), and that includes enterprise system solutions.

Presently, cloud ERP solutions make it easy for companies to access data effortlessly in real-time while also providing simple and secure collaboration. Information has become accessible to your employees wherever they are. But the future holds much more for cloud systems and IoT.

The mainstream topic of IoT has drawn focus and budgets to the vertical development of IoT, making it the key of technological innovation moving forward. So, what does the future hold for the Internet of Things and ERP solutions?

1. The Growth of Cloud Needs

Even with the intensive development of connectable hardware, software will become more relevant, playing a more significant role in IoT—namely cloud-based technology. Internet of Things currently enables devices to collect data. For example, thermostats, vehicles, and even CPAP machines are IoT devices that presently compile behavioral data. Soon all devices will collect information about user behavior. This data will get stored in the cloud to be used without any manual programming. Evident conclusions to this mass storage include the growth of roaming restrictions caused by more connected devices and the need for higher processing power requirements.

2. Technology Disruption from Contiguous Growth

The growth and development of IoT will not only be vertical, in fact, but horizontal as well. This contiguous growth will cause serious failures of compatibility as companies struggle to create and maintain device standards, system environments, and certifications.

More than likely, the result will be companies partnering together to create an eco-system that channelizes IoT data streams. New avenues for tech consultants and manufacturers who use IoT will open to create systems that collaborate with multiple devices and have universal adaptability. This contiguous growth could also mean that several eco-systems of devices will be developed and maintained under singular IoT ecosystems.

3. Increased Data Processing Software for Industrial Companies

Microsoft 365 provides a vendor agnostic approach to employee tools. Applications are available via Windows, macOS, iOS, and Google's Android OS, with support on iPhones, iPads, Android devices, and Microsoft Products. Microsoft 365 also now integrates with Adobe Creative Cloud, providing users an extended collection of royalty free content including templates, stock photos, icons, fonts, etc. Other new application integrations include Headspace, Blinkist, Experian, Plaid, and more.

For industrial manufacturers, Cloud ERP solution that can provide a secured position with dynamic customization by poising companies to navigate future environmental changes.

4. Increased Security Measures

Security is already a widely discussed facet of current eco-systems, and many Business Analysts agree that security concerns will grow with IoT. Internet of Things offers boundless opportunities to enrich data pools with communication and data collection between devices, but this same feature makes it a highly vulnerable security risk when it comes to data sharing in vast data quantities.

As networks of connected devices grow, it becomes overwhelming to keep the data safe. Companies will have to implement better solutions such as Microsoft Azure to ensure that data remains safe with no compromised information.

5. Enhanced ERP & CRM Intelligence

Developers of IoT and industries that utilize these early technologies have acknowledged IoTs' ability to enhance customer experience. Internet of Things won't be limited to just devices and things, but to a much wider application for ERP & CRM capabilities on an industrial scale. An obvious application of IoT is the function of efficiency.

In the future, business operations will become smarter from the data gained through IoT collection and will enable its management to enjoy hassle free innovation. Thanks to IoT, businesses will become more efficient and will be able to save money, time, and other resources.

Data will be collected, stored on cloud ERP, managed and automated. Modern CRM integrations make it easier for employees to create batch analytics and access data needed to make this happen. This system will also enable maintenance of detailed customer profiles of its customers to predict needs or identify issues before they arise.