Businesses across the globe are advocating for connected experiences, which is one of the main prime objectives of Digital Transformation (DX). Business-to-Business integration helps organizations streamline their digital transformation journey by creating a network of data sources, applications, and devices that thrives on communication, collaboration, and connection.
While the last decade was ruled by cloud-based integration applications, the year 2020 and the decade following it will witness a major surge in hybrid integration with the promise of delivering the idea of a connected business world. This blog is aimed to look at the fundamental data integration trends that will dominate 2020.
Since the evolution of IT, data has been regarded as an in-house asset, simply because it offers greater control and accountability to the enterprise. But, the confluence of digital technologies and big data revolution has given rise to decentralized data management. Conventional methods like legacy integration solutions are not equipped enough to cater to the enterprises’ needs. In such situations, hybrid integration solutions fit the bill. Recently, Gartner has emphasized the strategic role of a hybrid integration platform (HIP). As per their statistics, in 2022 at least 65% of large-scale organizations will have deployed an HIP to power their digital transformation. And why not, at the end of the day a hybrid integration solution offers tools to develop, deploy, and govern customized integration workflows for meeting the requirements of their intended use cases.
Though EAI has been in use for quite a while now, enterprises are only beginning to recognize its benefits. EAI platforms can play a central role in enabling organizations break down silos and enhance processes through real-time data sharing and exchange. EAI offers scalability and allows the functionality of automation in integration. It increases connectivity and data sharing, making operations more agile.
For any organization, the customer is the priority. The integration allows IT teams provide consistent and connected experience to the customers and make them feel a significant segment of the business ecosystem. There are numerous applications that need to be integrated to offer a highly connected experience to consumers. Companies can resort to technologies like self-service integration to provide connected customer experience through faster onboarding, accelerating sales and revenue. So, enterprise connectivity will take the center stage in 2020 and customers will lie on the cusp of organizations’ efforts as they continue to innovate and deliver.
Popular Electronic Data Interchange (EDI) standards such as TRADACOMS, ANSI, EDIFACT, and ebXML have paved the path for B2B transactions. Not to mention, they have enabled businesses between trading partners, making them easier to work with. Furthermore, the need to connect digitally with your business partners has increased, and thus the role of business-to-business (B2B) integration technologies come into play.
Businesses need a B2B integration solution to facilitate EDI integration while offering security, governance, and compliance. B2B integration integrated disparate data sources for simplifying business transactions. Faster partner onboarding, comprehensive real-time visibility into supply chain and reliability are some of the other major benefits.
IT teams have always had the responsibility to shape the business ecosystem and maximize outcomes. But, with big data revolution, organizations cannot expect the same level of performance; implementation delays and errors are bound to happen. Organizations must have an integration platform in place to build integrations with utmost ease and confidence. A low-code integration solution with a drag and drop functionality can help users create integrations at any time, any point, anywhere. This creates synergies among employees and unlocks productivity along with efficiency within an enterprise.