Modern business integration can be a powerful accelerator for modern organizations who want to increase their growth, unlock revenue streams and improve their customer experience. It allows companies to take advantage of their existing technology, people and processes to stay ahead of competitors.
Many companies combine legacy systems with on-premises and cloud software solutions. These disparate technologies and their associated data do not inherently communicate, which is why businesses need to build a robust business integration strategy.
In the digital era, modern integration www.businessintergation.com/2020/05/17/digital-integration-is-essential-for-modern-business/ allows systems and software to communicate and seamlessly share vital data between and within lines of businesses. This is known as B2B (business-to-business) integration and involves a number advanced protocols, including AS2, SFTP HTTPs Web Services, proprietary high-speed file transfers, and Web Services.
Financial services and healthcare are 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, women’s apparel companies might integrate with fashion brands that cater to teens and young adults in order to introduce them into new market segments.
Modern integration techniques enable these companies extract the right data and convert it to a form compatible with their partner’s central organisation device. This data can then be sent into the target application to be processed. This can help automate, streamline, and improve a process. It can also improve business collaboration.