www.businessintergation.com/2021/07/12/generated-post/
Modern business integration is a crucial accelerator for contemporary organizations that want to accelerate growth, unlock new revenue streams and improve customer experiences. It allows businesses to take advantage of existing technology, people, and processes to stay in front of their competitors.
Many companies combine legacy systems with on-premises and cloud software solutions. These disparate technologies do not automatically communicate with each other, which is why companies need to develop a robust 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 and across lines of business. 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 and healthcare are examples of common use cases. These industries have a common need to securely link multiple trading partners, while maintaining robust security, audit trail, and governance capabilities.
Another common use case is horizontal integration, where two or more companies in the same industry combine to offer a wider range of products or services. For example a women’s fashion company could integrate with a brand that serves teens and young adult to introduce it 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 then go to the target app for processing. This can automate and streamline processes, improve collaboration, and reduce the likelihood of human errors and delays.