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 use a combination between legacy systems, on-premises applications and cloud solutions. These disparate systems and their data are not able to communicate by themselves, so businesses need an effective business integration strategy.
In the digital world, these business relationships are made much easier with modern integration enabling these systems and applications to communicate and seamlessly exchange vital data within www.businessintergation.com/2021/12/29/generated-post-3/ and across lines of business. This is often referred to as B2B integration and can involve a number of advanced protocols – from AS2, SFTP, HTTPs, Web Services, and proprietary high-speed 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.
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 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. This data can then be sent into the target application to be processed. This can help automate processes, improve business communication, and decrease the risk of human errors or delays.