According to a study, about 7.5 Septillion gigabytes of data is generated every single day. But how much of it is put to use is the big question. In an age, where data is conceived as the new oil, its effective utilization purely because of its value proposition is something that enterprises cannot afford to ignore. Sadly, companies utilize only up to 10% of the data collected by them. Forrester reports that between 60 percent and 73 percent of all data within an enterprise goes unused for analytics.
Data forms the foundation for the digital transformation of a company. Digital transformation involves adopting technologies to change how businesses operate, and it brings value to meet the ever-changing customer needs. It is of utmost importance for businesses to thrive while facing unprecedented changes. Read on to know what digital integration is and how it plays a pivotal role in achieving a successful digital transformation for your business.
What is Digital Integration?
As new technologies emerge and build up, the IT ecosystem becomes more complex, heterogeneous, and siloed than ever before. Enterprises must work to bring a centralized system to integrate the data for a 360-degree view.
Data integration enables data movement across multiple applications and systems and provides a consolidated or unified view for improving the business processes and customer experience. Data integration enables data in various forms and sources to be ingested, transformed, and stored for easy retrieval to provide meaningful and intelligent insights.
A digital integration solutions provider helps you achieve your digital transformation goals by integrating different business systems for overall business efficiency.
How can Digital Integration Services Benefit your Business?
Without proper integration, each business unit like production, planning, marketing, and accounting has its own type of data, leading to difficulties in handling them for achieving a single organizational goal. Digital integration consolidates fragmented data from different business units into a centralized repository for easier and quicker access.
Informed Decision Making
Siloed data can remain in their systems, providing no visibility to improve the business operations. Digital business integration provides a centralized dashboard of data that helps in data analytics and delivers valuable insights for businesses. These allow companies to make timely, data-driven, and informed decisions that set them apart from other businesses.
Improved Business Efficiency
Integration helps businesses streamline their processes that significantly improve overall efficiency. Employees can focus on more critical tasks by reducing the time and effort involved in finding and managing data.
Better Customer Service
Digital integration makes it possible to analyze and study the customer demographics and their requirements quickly. It enables businesses to leverage this valuable information to deliver improved customer service.
Why is it Important to Choose the Right Digital Integration Solutions Provider?
While it is easy to get carried away with everything digital, enterprises must make sure to implement the right services for digital integration. Any improper data handling might end up in unfavorable situations for the company, thereby hindering your organizational goals. Hence, it is essential to choose the right digital integration solutions provider for your business to overcome the challenges as mentioned below:
Inconsistent Data Formats and Duplicate Records
Multiple business units within the same organization might have similar data in varying data formats. Sometimes different departments might also enter the same data into a common system, creating redundant records. The inconsistencies create confusion and misinterpretation of the integrated data, leading to the collected information going unused or incorrectly applied.
Retrieval of Time-Bound Data
Some processes require data that are time-bound. For example, retrieval of customer data for the past two weeks. Without proper data retrieval and integration by a trusted data integration service provider, it is impossible to collect error-free and timely data manually.
Inability to Handle Complex Data Sources
Nowadays, businesses run on multi-cloud and heterogeneous platforms operating from different geographic locations. The complexity in the data source is an added challenge that requires the assistance of an expert integration services provider.
By integrating data from various standalone units, digital integration strives to bring a unified approach to enterprise data for organizations embarking on a digital transformation journey. With data growing faster than ever before, businesses must realize the need to choose the right digital integration service to conquer the complicated data integration challenges and make the best data-driven decisions.
Propel your business growth with the true potential of integrated data. To know more about Digital Integration Services from Quinnox, contact us now!