Modern business fusion is a critical accelerator for companies that want their growth to accelerate, unlocking new revenue streams and improving customer experiences. 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 systems and their data are not able to communicate by themselves, so businesses need an effective 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 www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room. 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 industries all require robust security capabilities to connect multiple trading partners securely, with audit trail, governance, and robust security.
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 be sent directly to the target application. This can help automate and streamline a process, improve business collaboration and decrease the chances of human errors and delays, all while ensuring speedy growth for the business.