Enterprise application integration is essential because it allows interdepartmental data exchange and coordination. It is an IT infrastructure that helps in more efficient operations and collaboration. The EAI market was estimated at USD 9.65 billion in 2020 and is expected to reach USD 22.69 billion by 2026 at a CAGR of 15.42% over the period 2021 – 2026.
Its key benefits are flexibility and scalability, enabling integration and smooth process handling. However, the selection of the EAI methods and tools is entirely dependent on business objectives and the complexity of the corresponding IT infrastructure.
It Makes IT Processes easier:
Regular and long-term paying clients are the lifeblood of any enterprise. EAI cuts out all the guesswork and provides a unique combination of functionality and information through a centralized dashboard. Companies will find it much easier for their users and clients to access data seamlessly across all devices.
Better Business Control and visibility:
Enterprises can now have better control and visibility of their data through a single dashboard. According to the global data visualization market was valued at USD 2.99 billion in 2020 and is expected to reach USD 5.17 billion by 2026. It indeed allows you to recognize the full potential of your investments.
Enterprise application integration helps coordinate the entire process of your business, including data and monitoring software applications. For instance, the database of CRM (Customer Relationship Management) integrates with an email marketing platform. Doing so helps companies create, plan and execute targeted drip campaigns, alongside monitoring real-time analytics for laser-focused decision making.
Some of the most vital business departments that can be integrated through EAI are:
- Supply Chain Monitoring and Management
- Customer Relationship Management
- Business Intelligence Operations
- Human Resources Management
- E-commerce Infrastructure
It Addresses New Business Opportunity:
To stay afloat in a cut-throat competitive world severely impacted by COVID19, businesses must continue looking for new opportunities. Barries to business are low, but costs keep on increasing. It would help if you kept an eye on your cash outflows to ensure profitability in these difficult times.
What was once considered a luxury is now ought to be a business necessity, and one way of innovating is through the use of EAI. EAI is that friend you thought you never needed, but one that helps you in reaching out to new markets with agility and speed. In an increasingly digital world, EAI is what will eventually come out to solve your complex business problems.
In a nutshell:
A decade ago, enterprise application integration was used merely to connect devices. Today, as we continue relying on data with speeds never witnessed before, it has become critical to ensure smooth data flow with a centralized dashboard. Businesses today need a viable enterprise application integration strategy, one that experts in their fields can only develop. Let Hazentech be your experts and develop a feasible EAI strategy that your business can rely on, knowing we’ve got your back.