Businesses are constantly looking to improve productivity by adopting cost-effective techniques to boost sales and strengthen the bottom line. Because most industries are juggling large volumes of data, companies are turning to business integration tools to leverage the information for improved operations.
When detailed data is collected and analyzed, companies can find areas of weakness and success in production and delivery that can be used to influence change and enhance growth. Without tools to collect and share this information across all departments, companies limit many decision makers' access to important insights, which could be used to fix problems and further develop strengths. Missed opportunities can result in decreased sales or loss of market share to competitors, harming the bottom line.
Companies who invest in data-driven business integration tools, however, are reporting improved alignment of information and operations across all departments. Integration solutions significantly improve productivity through advanced compiling, linking and reporting technology. Companies are enjoying faster, more efficient operations with updated and informed staff making major decisions throughout the day.
Rooted in history
In a piece for Smart Data Collective, Evan Levy explained that modern business integration tools are not a new concept for the business world. The basic components of a business integration solution or strategy are based on traditional best practices perfected during the industrial revolution. These tactics drastically improved production and efficiency in the past, so they are now being applied to modern enterprise operations to drive productivity and reduce wasteful spending.
Henry Ford, for example, revolutionized the concept of an assembly line by standardizing parts and increasing consistency. By simplifying and consolidating the operations of his automotive plants, Ford was able to accelerate production and improve efficiency of product output. Likewise, modern companies are taking traditional processes and evolving them to meet unique industry needs through integration tools.
Companies of all sizes and in all locations collect data and store it in databases. How this information translates into actionable insight for each company, however, varies depending on needs, operations and technologies. Business integration tools allow companies to work with existing applications that each conduct unique and necessary processes, while joining the activities into a unified source of information and insight. When all the information being used to run a company is accessible from a single source, problems can be identified and fixed faster, while updates can be shared across all departments in real-time.