A survey conducted by NerveWire on North American information technology executives found that most companies could gain 40% increase in revenue, 30% decrease in cost, and 35% increase in customer retention through their integration initiatives. Every business needs to have a well-structured and integrated infrastructure for efficient business functioning in this digital era. When it comes to digital transformation, your transformation journey will not be smooth without successful data and application integration in place.
Unfortunately, integration is not an easy task since it has to deal with multiple applications running on various platforms in different locations. Integration is also impacted by the changing business requirements such as new business initiatives, technological evolution, mergers and acquisitions, and many more. However, bringing down the integration cost and enhancing your business efficiency is of high priority for anyone. Cloud integration can help you reduce the integration cost, increase integration reliability, and improve business efficiency.
To take advantage of what cloud integration platform brings, it is important to understand just what it does and what it is capable of.
What is Cloud Integration?
As the definition goes, cloud integration is a system of tools and technologies that connects various applications, systems, repositories, and IT environments for the real-time exchange of data and processes. Cloud integration is a term that often goes synonymous with the integration platform as a service (iPaaS). Cloud integration is an enterprise solution that enables integration between data, files, and applications with cloud-hosted data and systems. A cloud integration platform can ensure seamless connectivity between the on-premise legacy environments and modern cloud-based applications. Cloud integration promises a successful integration that can deliver business value. With cloud integration, there are ways that can help you avoid both unnecessary delays and extra costs.
Ways to Reduce Your Integration Costs and Enhance Efficiency
1. Reduce the number of connections
On average, a company can easily need up to 10-20 integrations between different systems. This can take up to hundreds of hours, which can easily get the costs out of control every time you add a new system. Cloud integrating platforms can help remove the need for many point-to-point integrations and help you save a huge amount of time and effort in integration. The onboarding and off-boarding of applications and databases will be easy and quick with integration.
2. Cut data transfer costs
Digital transformation initiatives involve many services, applications, and SaaS solutions, which need to be integrated with the core systems. Each time there is a data request from the cloud apps, it can generate additional API charges or data transfer fees from the cloud platforms based on the data volume and frequency. When using the integration platform, it offers an integration hub where you can have all the data. This would reduce the cost per integration and helps you to store your data at a lower cost.
3. Eliminate manual coding
The integration process itself can take up many hours, and when your IT team has to code it manually, it requires enormous time and effort. The cloud integration platform can help you complete the integration process with minimal or no coding. It helps in driving data utilization, adoption of new integration scenarios to improve a team’s productivity by eliminating the need to code for every integration manually. Integration can directly reduce IT redundancy, improve speed, and enhance productivity.
4. Lower downtime cost
A cloud integration platform can drastically reduce system dependencies and lower the impact of downtime. Integration platform’s ability to troubleshoot integration problems faster reduces downtime costs and makes your integration stronger by increasing your data reliability and availability.
Choose your cloud integration solution
Ideally, integrating different systems can be very challenging when you are modernizing and maintaining complex business processes. Under pressure, these could get critical for your company’s survival. Enterprise integration itself is packed with many challenges like handling the huge volume of data, complex systems, managing the total cost of various integration solutions, and adapting to the ever-changing modern business requirements.
These integration challenges can be eliminated by choosing the right integration solution for your company. Cloud integration solutions can offer many rich benefits ranging from modernizing legacy infrastructure via APIs, advanced integration patterns with an intuitive interface, secure and faster data migration, efficient applications, and reduced maintenance costs.
However, when you choose your cloud integration solution, you need to make sure that it has the capabilities to eliminate all the integration challenges and is future-proof as well. Luckily, the emergence of modern technology like the integration platform as a service (iPaaS) has greatly reduced the stress on integration initiatives.
If you are looking out for the right cloud integration platform, we are here to help you make the right choice. We help businesses achieve their integration requirements more effectively and with lesser cost. As a modern IT solutions provider, we have helped our clients improve and create a high-performing integration solution that suits their business requirements.
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