Global research reveals that 77% of enterprises lack realtime access to ERP data, leading to poor business outcomes and lost revenue. Enterprise resource planning (ERP) systems are the lifeblood of enterprises and are a key requirement for managing core business processes. The data collected by an ERP system is also widely used to optimize operations, understand business performance, and make forecasts.

Cloud EDRMS vendors in Australia have been rushing to obtain IRAP assessments to enhance their attractiveness to the Government Market. Although government agencies must still do their own self-certification, as an IRAP report from a vendor provides just one piece of evidence for that evaluation.

In the last couple of years, I have seen a move away from companies implementing data governance because they are in an industry where their regulator requires it, to organizations starting data governance purely because of the benefits they can achieve. That also includes companies looking to extend what they had put in place to meet regulatory requirements across more of their organization.

MSIG Singapore and MSIG Malaysia have implemented OpenText information management solutions to empower modern work, enhance omni-channel customer experiences, and drive operational efficiencies.