Modern business integration is an essential accelerator for organizations today that want to accelerate their growth, unlock new revenue streams, and improve the customer experience. It allows organizations to leverage their existing technology, processes and people to stay ahead of the competition.
Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate technologies and their associated data do not inherently communicate, which is why businesses need to build a robust business www.businessintergation.com/2022/06/27/what-are-the-best-virtual-data-rooms-to-assist-with-deal-due-diligence/ integration strategy.
Modern integration makes it easier for these business relationships to flourish in the digital world. This allows systems and applications within and outside of lines of business to seamlessly exchange vital information. This is often referred as B2B Integration and can involve a range of advanced protocols – AS2, SFTP HTTPs, Web Services and proprietary fast file transfer methods.
Finance, healthcare, and logistical services are all examples of common use-cases. These industries need to securely connect multiple trading parties with robust security, governance and audit trail capabilities.
Another common application is horizontal integration. This is where two or more companies from the same industry combine their efforts to offer a broader range of services or products. For example a women’s fashion company could integrate with a brand that serves teens and young adult to introduce it to new market segments.
Modern integration strategies enable companies to extract the correct data from front-end applications, and convert it into an appropriate format for their central organization device. The data can then go to the target app for processing. This can help automate processes, improve business communication, and decrease the risk of human errors or delays.