Integrating data is the first step to unleashing its true potential. When enterprises have all the information gathered from different sources in one place, they’re able to extract actionable insights from it easily. They can use those insights to drive their decision-making process and deliver value. In short, those insights are what helps companies gain a competitive edge.
It’s difficult to overstate how incredibly important and transformative data integration is for businesses. Not only they enable companies leverage customer data to foster stronger relationships and ultimately drive revenue but also transform the way they do business with their partner network.
Let’s explore some of the most common real-world data integration applications to gain more information.
Retail
Data integration helps retail stores or units provide seamless brand experiences. It enables them take all the data and combine it into a unified database where it can be analyzed and stored. Clearly, data integration brings retailers an opportunity to use data they are producing and transform it into insights for growing their business.
It wouldn’t be wrong to say that retail stores that operate online and in bricks-and-mortar handle large amounts of data. The performance tracking depends on having all that data in one location, and data integration can play an important role here. Business data integration empowers units manage inventory, sales, labor hours, and other important metrics across business ecosystems.
Healthcare
Healthcare treatment and care facilities need access to as much information as possible. When that data is distributed, the quality of care and treatment gets compromised. Data integration platforms allow these facilities to integrate all the patient data as fast as possible into one comprehensive record. This helps organizations deliver the best results. Integrating patient data helps healthcare units control costs, improve outcomes, and promote healthcare & wellness.
Marketing
Marketing involves a detail-oriented effort. If the different departments are not finely tuned, communication will get impacted. As a result, messages will not reach the right audience at the intended time. It’s easier for the information of the plethora of consumers to become unmanageable, leading to unsuccessful campaigns and wasted marketing budgets. Business data integration can help them keep their data organized, accurate, and up-to-date.
Finance
Fraud is a growing problem in the finance industry. The financial units such as banks can recognize, eradicate, and prevent instances of fraud, as long as their data remains integrated. Transformative technologies such as AI can help financial companies mine data for anomalies and outliers, helping them stop the fraud from affecting the customer. In case data remains fragmented and siloed, however, that particular kind of intervention is no way possible.
Telecommunications
For telecommunications, best-quality customer service remains a necessity. But it’s difficult to sustain because it involves a lot of effort and strategy. When they integrate data from different sources, a 360-degree view of customers can be generated. This can help telecommunication units make decisions accurately. Plus, issues that trigger customer service requests or poor customer service encounters can be easily recognized and corrected. Ultimately, organizations can become easier to do business with.
Supply Chain Management
Integrating data across the supply chain enables organizations to track inventory, shipments, and demand in real-time. It enables efficient demand forecasting, inventory management, and logistics optimization, improving overall supply chain performance.
Human Resources
Integrating HR data from various systems, such as payroll, time tracking, and employee management, streamlines processes like employee onboarding, performance management, and payroll administration.
Internet of Things (IoT)
Data integration is essential in IoT deployments where devices and sensors generate massive amounts of data. Integrating IoT data with other systems enables real-time monitoring, predictive maintenance, and data-driven decision-making.
Simply put, there are a lot of industries that can benefit from business data integration solutions. By offering a way to combine data from different sources, data integration helps companies deliver better value to customers and streamline revenue.
With Adeptia, any business user can collate data from various sources regardless of its type, origin, format, or location in a way that’s easy, fast, effective, secure, and future-proof.
Conclusion
With Adeptia, seamlessly exchange data with customers, partners, and across business units to improve collaboration. Frictionless, reliable data flows, whether batch, real-time, cloud-based or on-prem, enables enterprises to digitally connect their ecosystem. The result is better experiences, visibility, and agility across the value chain. Adeptia empowers enterprises to become integration hubs, securely sharing data across boundaries to link digital ecosystems for mutual benefit.