An inferior, but interrelated consideration is the need for precision. Having data in real-time will not matter if the information is incorrect. For example, if the leadership team needs to make a business decision at present, then that will have an impact on tomorrow.
FREMONT, CA: System integration—mainly, interconnectedness and interoperability are three things that have become vital for businesses to remain competitive in a space where firms and customers alike want the most accurate, up-to-date data available, all while minimizing costs.
Below are three benefits of system integration.
1. The Need for Real-Time Data
The first consideration when it comes to system integration is significant. Most enterprises rely on access to accurate data in real-time as possible to make better decisions. If a multi-location or web-based business keeps sales data in a software company’s database, the ERP system must let the sales team know if the component or product is available. For instance, if the system tells the online customer that an item is available to dispatch, is that factually correct? Without an integrated system and real-time information, it is impossible to know.
2. The Need for Accuracy
An inferior, but interrelated consideration is the need for precision. Having data in real-time will not matter if the information is incorrect. For example, if the leadership team needs to make a business decision at present, then that will have an impact on tomorrow. If the firm does not have up-to-date, accurate data, then it cannot reliably make the right decision.
If the business is trying to create systems that can help the team make decisions faster and better, then the systems also need precise, real-time information. To get that, the systems should be well integrated.
The real key to accuracy is to make the tools communicate automatically rather than depending on people to hand-manipulate the information. The more a business can automate interoperability, the less prone they are to make errors.
3. The Need to Save Time and Money
The final concern for system integration is the need to protect the resources. One should not use the people to do what machines can do faster, more precisely, and at fewer prices. Automatic interconnectedness forms operational efficiency and frees people up of only what they can do.
It is only through the formation of APIs and cloud services that one has been able to achieve automated, real-time information at a reasonable cost. By offering a way for systems to communicate (APIs) and then putting out these APIs as consumable microservices, firms have highly simplified interoperability.