OpenText: Prepare for the age of EIM

OpenText ERP
(Image credit: Future/Mike Moore) (Image credit: Future/Mike Moore)

The world of business is set for major changes as companies pivot towards ensuring their data and information is stored and protected properly, one of the world’s leading ERP companies has predicted.

Speaking at the opening keynote of the company’s Enterprise World event in Toronto today, OpenText CEO and CTO Mark Barrenechea revealed that the company is looking to move away from ERP towards EIM (enterprise information management) platforms instead.

“There’s never been a better time to reimagine business,” he told attendees.“Shift has happened, and it's an exciting time. We have transitioned...we're not in the digital era any more in my opinion - we are beyond it, beyond digital and in a post-ERP era.”

All change

“We are in an information era,” Barrenechea added, “automation is not enough today...we must be able to make everything machine-readable, and we at OpenText are on a path to do this, gain insight and make better business decisions"

“Everything we do is to make everything readable (in EIM)...ERP ain't gonna provide the information advantage, EIM is.”

(Image credit: OpenText)

(Image credit: OpenText) (Image credit: OpenText)

OpenText boasts an impressive customer list, claiming that 85 of the world’s largest 100 companies use its products, and brought representatives from Coca-Cola MasterCard and Google Cloud on stage during the keynote to demonstrate this.

"There is an unprecedented opportunity to re-imagine business at the nexus of cloud, digital, and AI. This is the new agenda for business leaders, that requires new talent and new business models, while keeping customer experience as job #1," Barrenechea (pictured above) said. 

"For the last 20 years, automation has provided a process advantage. We are now in the post-ERP era, and businesses need to gain the information advantage. We are excited to introduce our next generation product line, OpenText Cloud Edition, to help business compete and win in Industry 4.0."

Mike Moore
Deputy Editor, TechRadar Pro

Mike Moore is Deputy Editor at TechRadar Pro. He has worked as a B2B and B2C tech journalist for nearly a decade, including at one of the UK's leading national newspapers and fellow Future title ITProPortal, and when he's not keeping track of all the latest enterprise and workplace trends, can most likely be found watching, following or taking part in some kind of sport.

Latest in Software & Services
TinEye website
I like this reverse image search service the most
A person in a wheelchair working at a computer.
Here’s a free way to find long lost relatives and friends
A white woman with long brown hair in a ponytail looks down at her computer in a distressed manner. She is holding her forehead with one hand and a credit card with the other
This people search finder covers all the bases, but it's not perfect
That's Them home page
Is That's Them worth it? My honest review
woman listening to computer
AWS vs Azure: choosing the right platform to maximize your company's investment
A person at a desktop computer working on spreadsheet tables.
Trello vs Jira: which project management solution is best for you?
Latest in News
An image of the Nintendo Switch 2
Nintendo Switch 2 pre-orders will start on April 2 according to Best Buy Canada
Person printing
Microsoft’s latest Windows 11 update exorcises possessed printers that spewed out pages of random characters
Pro-Ject A1.2 in black, playing a vinyl record in a hi-fi listening room
Pro-Ject's new fully-automatic turntable could be the buy of Record Store Day 2025
Intergalactic: The Heretic Prophet
Intergalactic: The Heretic Prophet reportedly won't release until after 2026, as Neil Druckmann says that staff 'are playing it at the office' right now - but I don't think I can wait that long
Screenshot from action RPG soulslike Lies of P
Lies of P Overture won't elaborate on the game's eyebrow-raising post-credits twist, and I think that's good news
Nintendo Switch 2
The Switch 2 launching with a Mario Kart game 'is very unlike Nintendo' compared to the original Switch releasing with Breath of the Wild, says former marketing leads: 'That's what's gonna make you want to buy the new hardware'