There's no denying that Minnesota (MN) businesses operate in a data economy. And with so much information to take care of, security should be a top priority. The more data you have, the more you must stay on top of your security protection procedures.
With so much data available for you to fuel your MN business operations, it is essential that you take advantage of 10 data integration trends. These trends will help your operations not only become more profitable, but they provide a better customer experience.
Data Integration via the Cloud
The first trend we see in data integration is the use of cloud platforms. More so, you need to take advantage of Integration Platform as a Service (iPaaS), which has been gaining a significant share in the data integration market over the past few years.
When you carry out data integration via the cloud, there are many benefits to be gained, such as alleviating the need for you to purchase and maintain your own hardware and software for data exchange purposes. Secondly, data integration via the cloud provides scalability features, allowing your integration needs to fluctuate as your business grows. Additionally, cloud data integration ensures you are always able to take advantage of the latest features without having to upgrade or update software and hardware.
Connect Data Between Different Applications
Another data integration trend we are seeing among MN businesses is hybrid integration. This allows you to connect your cloud-based applications with those that are being hosted on-site. As the transitional approach continues to be carried out, companies can modernize their legacy systems without having to fully switch to the cloud. For those businesses that want to take things slowly as they make the switch toward the cloud, hybrid integrations are a great place to start.
Use of Add-ons
Your data integration needs to allow the use of add-ons, such as chatbots, instant messaging, etc. The most important add-on that your data integration needs to allow is the use of analytics. The more you can analyze the data, the deeper insights you can obtain from it.
The use of massive amounts of data will allow your business to grow, and as it does, both the numbers of your departments and customers are going to grow. In addition, you are going to team with a higher number of partners and vendors. As a result, your processes are also going to become much larger in number, making it a burden to handle processes manually. And unlike before, point-to-point integration will no longer be an option. With a cloud-based data integration approach, you can not only streamline your business operations, but you can also automate them. As process integration is carried out, you will notice that the cloud helps expedite integration projects.
Increase in Data, Lower Monetary Cost
Even though you are dealing with more data, this doesn't mean that your costs have to increase. In fact, because cloud-based integration removes the need for investing in hardware and software, you should notice monetary savings. These savings are also increased because you don't have to pay for licensing costs or any upgrades. Many businesses have noticed that as their volumes show exponential growth, the price they pay per unit actually goes down. All in all, even though many businesses fear that data is going to cause their expenses to increase, the opposite takes place.
To better manage the connectivity that takes place across applications and services, APIs play a vital role. They are a vital element to building integrations via the cloud, and they serve as a building block that connects applications with the services they provide. Of course, API management is crucial, and it is necessary to carry out processes that not only create and promote APIs but manage them as well. It does not matter how you go about building APIs --XML, JSON, REST, etc.-- they must be managed effectively to ensure security.
Another trend we are seeing is the importance of integrating practices that initiate real-time visibility across the entire organization to ensure data integration is carried out effectively and efficiently. Plus, real-time sharing is becoming more important to ensure all stakeholders are made happy. Years ago, and perhaps even still today, data was exchanged in batches. As batch processes were performed, real-time visibility was not possible. Now with data being shared on-demand, real-time visibility must be a common occurrence.
With real-time data sharing, you and your stakeholders will have instant access to the data needing to be viewed. Since real-time sharing uses fewer resources, this helps to increase uptime and lower expenses. More so, it gives you greater insights and helps you optimize your business operations. If you notice any errors in the data, they can be immediately be addressed and corrected.
Internet of Things (IoT)
To hop aboard the IoT bandwagon, and you definitely should be with it being predicted that more than 21 billion devices will be connected to the Internet by the year 2020, you need to use an iPaaS. This provides you with the easiest way to start using IoT for all that it's worth.
Because e-commerce platforms require the use of complex business processes, it is imperative that MN businesses put together an integrated approach that addresses these complexities. As more and more consumers prefer to buy products online, there is an ever-increasing need to provide a seamless and pleasurable experience for online customers.
To make sure you are able to keep up with the demands of your customers, your integration processes need to be automated to their fullest extent. More so, you need to leave behind the notion that you are going to find a one-size-fits-all solution to your integration needs. Instead, you need to find an approach that leaves room for customizations, as you will need to customize it to meet your exact needs. This not only improves
Your e-commerce ecosystem in place means that you will need to make sure it has the capability of connecting with the following:
- Enterprise management system
- Content management system
- Enterprise service bus
- Shipping and address validation software
- Social media platforms
- Affiliate management
- Search merchandising
- Marketing software
Yes, it is going to cost a pretty penny to put into place all of the necessary processes it takes to integrate with all of your stakeholders and various platforms outlined above, but the investment made will prove to be an asset in the long run.
When you start shopping around for providers that can help with your integration processes, you are going to come across many of them that use the word agile. What you need to ask yourself is how is being agiler going to improve your business?
The truth is, it wasn't that long ago that integration processes took months to carry out. Thanks to enhanced agility, though, service providers are now able to allow you to keep your operations in place while the integration takes place, and thanks to cloud-based processes, these integrations can take place much faster. So yes, you do need service providers that know how to provide you with enhanced agility.
Hire the Very Best Professionals
Contact ICS when you're ready to take on all the latest data integration trends. It's important you have the right people to get ahead of your competition. The wrong people could set you back months behind. Click below to start your search today!