Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams
- on May 03, 2023
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 use their existing technology and processes, as well as their people, to stay ahead.
Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective business integration strategy.
Modern integration, which allows these systems to communicate with each other and exchange vital data across and within business lines, makes these business relationships much easier in the digital age. This is sometimes referred to B2B integration, and can involve a variety of advanced protocols – from AS2, SFTP and HTTPs to Web Services and proprietary high-speed files transfer methods.
Finance, healthcare, and logistical services are all examples of common use-cases. These industries all require robust security capabilities to connect multiple trading partners securely, with audit trail, governance, and robust security.
Horizontal integration is another common use case, where two or three companies in the same field combine to offer an expanded range of products and services. For example, a women’s clothing company might integrate with a fashion brand www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room/ serving teens and young adults to introduce them 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. This data can then be sent into the target application to be processed. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.