Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams
Modern business integration is a crucial accelerator for contemporary organizations that want to accelerate growth, unlock new revenue streams and improve customer experiences. It allows companies to use their existing technology and processes, as well as their people, to stay ahead.
Many companies combine legacy systems with on-premises and cloud software solutions. These disparate technologies, and the data they contain, do not communicate inherently. This is why businesses must develop a www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room robust strategy for business integration.
Modern integration allows these systems and apps to communicate and exchange vital data seamlessly within and across business lines. 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.
Common use cases include financial services, healthcare, and logistics. 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 clothing company might integrate with a fashion brand serving teens and young adults to introduce them to 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. The data can then go to the target app for processing. This can help automate, streamline, and improve a process. It can also improve business collaboration.