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 organizations to leverage their existing technology, processes and people to stay ahead of the competition.
Many companies use both on-premises solutions and legacy software. These disparate technology and their associated data are not inherently communicative, which is the reason why businesses need a robust business-integration strategy.
Modern integration allows these systems and apps to communicate and exchange vital data seamlessly within and across business lines. B2B is a term that refers to the integration of business systems and applications. It can involve a wide range of protocols including AS2, SFTP HTTPs Web Services proprietary high speed file 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 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 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 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.
www.businessintergation.com/2020/04/27/digitalization-and-business-integration-for-board-room
