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 organizations to leverage their existing technology, processes and people to stay ahead of the competition.
Many companies use both on-premises solutions and legacy software. 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 allows systems and software to communicate and seamlessly share vital data between and within lines of businesses. 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.
Common use cases include financial services, healthcare, and logistics. These industries require robust security, governance capabilities, and audit trails to securely connect with multiple trading partners.
Another common use is horizontal integration. Two or more companies within the same industry can combine to provide a wider range products or services. For example, women's apparel companies might integrate with fashion brands that cater to teens www.businessintergation.com/2022/04/27/the-goal-of-virtual-data-room-software-is-usability 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 then go to the target app for processing. This can help automate, streamline, and improve a process. It can also improve business collaboration.