Modern Business Integration – Accelerate Growth and Unlock New Revenue Streams
Modern business integration is an essential accelerator for organizations today that want to accelerate their growth, unlock new revenue streams, and improve the customer experience. It allows businesses to take advantage of existing technology, people, and processes to stay in front of their competitors.
Many companies have traditionally used a combination of on-premises software and legacy systems, as well as cloud-based solutions. These disparate technologies do not automatically communicate with each other, which is why companies need to develop a robust 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, healthcare, logistics, and other industries are common use cases. These digital integration is essential for modern business industries all need to securely connect multiple trading partners with robust security, governance, and audit trail capabilities.
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, 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 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 can then be sent to the target application for processing. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.
