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 companies to use their existing technology and processes, as well as their people, to stay ahead.
Many companies use both on-premises solutions and legacy software. 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 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.
Financial services and healthcare are examples of common use cases. These industries all require robust security capabilities to connect multiple trading partners securely, with audit trail, governance, and robust security.
A horizontal integration is also a common example, whereby two or more businesses in the exact same industry combine forces to offer a greater range of goods www.businessintergation.com/2021/12/29/generated-post-4/ or services. For example, a clothing company for women might integrate into a fashion brand that serves teens or young adults to introduce the company to new markets.
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. This data can then be sent into the target application to be processed. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.