As factories and processes become increasingly digitalized, the threat of a cyberattack is growing. With hacking regularly making the headlines — think back to 2017’s WannaCry ransomware attack — you would assume that manufacturers had put safeguarding measures in place to prevent a similar threat from disrupting their operations. However, government research has found that this isn’t exactly the case.
Datawright Blog: Latest Industry Insights
Change isn’t for everyone. In long-standing businesses who have enjoyed many years of success becoming masters of their trade, there is a reluctance to move away from familiar ways of working and embrace new systems. The rationale is, if it’s worked for us for this long, why would it stop now?
According to experts, manufacturers are leading the way with Software as a Service (SaaS) adoption. Despite this, there is still some confusion about SaaS deployment options.
So how does SaaS ERP measure up to the more traditional ‘on-premise’ model? And what exactly are the benefits for your manufacturing business? Here’s a rundown:
Even five years ago, most businesses looked doubtfully at Cloud ERP. Too risky, they judged. Too much of a leap in the dark, technology-wise. Great for startups wanting a low-cost ERP solution from day one—but not appropriate for established businesses.
It’s not difficult to see why it’s vital to have a Business Continuity Plan. Simply put, IT disruption severe enough to affect your business’s trading is surprisingly likely, with statistics suggesting that the typical small to medium business runs a one-in-five chance of experiencing such a failure over a five year period. What’s more, 40% of such businesses will then collapse, as a result.
Operations-centric businesses generally aren’t technology ‘early adopters’. Manufacturers and field service businesses alike prefer to take a conservative view of new technologies, embracing them only when the advantages (and risks) of doing so are well understood. But today, cloud computing has reached that tipping point.