Organizations today are under tremendous pressure to innovate while remaining cost-effective, highly efficient, and compliant. The disruption happening in the business world has set the stage for a more cloud-centric, agile, and distributed future. Post the shift, companies aren’t slowing down. And so their competitors. But at the same time, they are innovating faster than ever. More so, companies can’t afford to disrupt their traditional revenue-generating operations.
Customers are wrestling with these challenges daily in the current business landscape. IT and business leaders are stuck with a juggling act: create the new while keeping the old running smoothly and reliably. Why do companies find it difficult to strike a balance? Why are companies stuck with the complexity and technical debt that comes with legacy solutions?
When top-notch business leaders discuss their challenges, one of them is common: legacy data integration solutions are the biggest bottlenecks for companies trying to deliver strategic innovations fast enough.
Say, for example, a retailer is supposed to provide services to customers. In doing so, it needs to collate account data, logistics data, and projected delivery times. The project moves quickly through the design phase and then hits a wall. After analyzing the reasons, the company finds out that the team of data integrators has to handle a backlog of time-consuming projects. The step of integrating all the complex, bi-directional data streams takes around six to 12 weeks. The project takes even more time to move forward through internal and external testing. Ultimately, the completion of the project turns out to be over a year away – 15 months is more likely.
Let us take another example for a better understanding. Imagine an organization that wishes to work more closely with its partners. In doing so, it integrates supply chain data and financial data. But the internal teams are still leveraging custom integrations and its legacy ESB for establishing connectivity. Onboarding and integrating a single business partner takes six to 12 weeks of calendar time. The tasks keep dragging, and the expected efficiencies that drove the project in the first place aren’t realized anytime soon.
Clearly, companies like these are finding it difficult to advance the digital transformation projects they care so much about. They are finding it even more complex to implement new data connections with customers. These same companies are attempting to replace legacy applications and data integration solutions in order to move forward and realize their plans for digital transformation.
Companies need to reimagine their approach to move forward. And for that, they will need the support of modern data integration solutions.
Why A Modern Data Integration Solution Is an Ingredient for Business Success?
Modern data integration solutions are helping companies overcome these problems and ultimately deliver the value promised to their customers on time. How?
Modern solutions have self-service and automation features that enable companies to build data integrations in minutes instead of months. This, in turn, helps them identify the customers’ needs and deliver on them – quickly, easily, and speedily.
First, these modern data integration solutions empower non-technical business users to implement new data connections in minutes instead of months. Meanwhile, IT becomes free to focus on more strategic, high-value business projects.
Second, users can leverage these solutions to onboard customers 80% faster. That is to say, customers will get onboarded in minutes and not weeks or months. Consequently, companies can address customers’ needs more quickly and deliver the value promised to those customers.
Third, because companies deliver the promised value to customers sooner than before, customers feel happy and satiated. Such delighted customers are more likely to buy more products or services from the company, enabling companies to grow revenue much more quickly.
Consequently, companies can leverage modern data integration solutions to secure their digital future and move ahead of their competitors.
So, why wait when we can stay ahead of the game and prepare ourselves for the digital future.