Five Business Reasons to Move Integration to the Cloud
In 2020, digital transformation has accelerated so quickly that companies are either pulling further ahead or falling further behind than their competition than they were before the pandemic.
Those companies with legacy business models are struggling to keep up with the pace of customer demand, and find themselves unable to offer a sufficient customer experience
With that being said, given the current environment and trends around digital transformation growth, we can’t think of a more appropriate topic to discuss than why you need to move your integration solution to the cloud.
Here are the top five business reasons you can make today that your business should migrate integration to the cloud.
1. Business Agility
If COVID-19 has taught business leaders anything, it’s that agility is mandatory for survival. The only constant, especially in a year like 2020, is change. Business agility is the capability of a business to be adaptive, flexible, and creative through a changing environment. Agile businesses respond quickly to opportunities or threats, whether they are internal or external.
Throughout the current pandemic, organizations have had to respond rapidly and flexibly to meet customer demands because consumer behavior has changed significantly. Companies that adjusted the quickest after the 2008 recession focused outside-in by, taking their cues from what was really happening in their markets. Similarly today, shifting integration solutions to the cloud enables users to see their business operations from the outside-in, deploy applications quicker, and to be able to connect and adapt to change by evolving their digital ecosystem quicker than their competitors through cloud-based APIs.
2. Support Business Needs
When companies embrace a modern integration platform, they no longer have to worry about the hassles of software maintenance and manual upgrades to the latest software, enabling the IT department to focus on other important issues. A centralized cloud integration platform really capitalizes on an EDI translator that can accept and transform EDI, but also other data formats such as XML and flat files to move data to other systems or applications.
As businesses evolve, the support models are evolving alongside them, including drop-shipping, omnichannel retail, and eCommerce. Speaking of eCommerce, given increasing rates of adoption right now, all the more reason companies should consider a modern platform with more dynamic integration capabilities. That’s why it’s more common for companies to adopt subscription-based cloud technologies in order to drive those initiatives.
While EDI is a standardized format for the movement and transformation of data, more often than not the members of a company’s digital ecosystem will each have their own EDI transaction sets that a company must support, so there are always going to be variations. EDI can vary from company to company and industry to industry, especially when a company has a large number of trading partners, or is relying on outdated EDI software that cannot scale to support all of the data requirements needed as a business grows.
In 2020, a company must have the ability to scale its business, handle new trading partners, and onboard quickly. When companies are still relying on a legacy environment, they are going to quickly find that managing rapid growth actually puts a strain on the business processes and systems. And being unprepared can lead to increased outages and downtime, which impacts continuity and relationships with customers and trading partners.
Cloud-based workflows and file-sharing applications allow for not only real-time updates, but they also provide full visibility into your business processes. As a business grows and becomes more and more complex, the amount of data that a company collects increases exponentially. In order to handle all of that new data, many companies find that they are only ‘rubber-banding’ solutions together. That’s why when you look at eCommerce and all the application integration that is so prevalent today, an end-to-end view is completely necessary. And when you have a centralized integration platform, one that can handle both API and EDI integrations equally well, it really provides a holistic view for your company to make data-driven decisions.
5. Total Cost of Ownership (TCO)
When you’re discussing OpEx versus CapEx, a cloud integration platform allows you to use remote resources that can save your organization the cost of servers and other equipment, as well as people to manage all of those resources. This is one way a company can cut out the high cost of hardware, and enjoy a subscription-based model that is not only kind to your cash flow, but it’s also predictable so you can budget for it, which CIOs always appreciate.
In summary, it’s the needs and opportunity of the business that should drive technology buying decisions, not the other way around. No company should have to conform to constraints presented by legacy systems, especially in a post-recession boom where moving applications to the cloud is becoming commonplace. Simply move your integration into the cloud so your business can turn on a dime, and you’ll be well positioned to capitalize on today’s change-driven markets.