Modern business integration can be a powerful accelerator for modern organizations who want to increase their growth, unlock revenue www.businessintergation.com/2021/07/12/generated-post streams and improve their customer experience. It allows companies take advantage of their current technology, people and process to stay on top of competitors.
Traditionally, many companies have a combination of legacy systems and on-premises software applications as well as cloud solutions. These disparate technologies and their associated data do not inherently communicate, which is why businesses need to build a robust business integration strategy.
Modern integration allows these systems and apps to communicate and exchange vital data seamlessly within and across business lines. 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.
Financial services and healthcare are examples of common use cases. These industries require robust security, governance capabilities, and audit trails to securely connect with multiple trading partners.
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 methods allow these companies’ front-end software to be extracted and converted into a format that is compatible with the central organizational device of their partners. The data can be sent directly to the target application. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.