The fourth industrial revolution is here and is disrupting the operations in all major industries on a global scale. Popularly known as Industry 4.0, ERP system is reshaping the legacy…
How an ERP system improves productivity An ERP system is configured in different ways to achieve the desired business results based on the core objectives, which can determine the level to which…
Small- and medium-sized businesses constantly struggle with different areas of business, whether it’s accounting, inventory, or strategic planning. This is because SMEs often lack the tools to manage these systems…
A financial information system is an organized approach to collecting and interpreting information, which is usually computerized. A well-run financial information system is essential to a business, since managers need the…
The RAMI 4.0, Reference Architecture Model Industrie 4.0 (Industry 4.0), was developed by the German Electrical and Electronic Manufacturers' Association (ZVEI) to support Industry 4.0 initiatives, which are gaining broad…
A digital twin is a virtual representation that serves as the real-time digital counterpart of a physical object or process. Digital twins are the result of continual improvement in the creation of…