The Future Of EDI
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Introduction IT Skills Shortage E-commerce Growth Business Process Integration
EDI replaces postal mail, fax and email. While email is also an electronic approach, the documents exchanged via email must still be handled by people rather than computers. Having people involved slows down the processing of the documents and also introduces errors. Instead, EDI documents can flow straight through to the appropriate application on the receiver’s computer . Companies worldwide have been using electronic data interchange technology for many years now, and there were not few times when people declared its end.
Introduction
Cloud computing is changing the framework for EDI technology deployment and service consumption models. Companies have started to migrate their data and applications to the cloud, and EDI is no exception. When companies are facing skills shortage the only solution that can help them survive in the market is outsourcing. More and more companies have started to collaborate with external businesses to get 24/7 coverage and reduce costs. When it comes to EDI, they prefer to outsource it because they no longer consider it an internal requirement.
IT Skills Shortage
Without a doubt, e-commerce is by leaps and bounds the fastest growing sector in retail. Online shopping is everywhere, it’s become a way of life As the e-commerce growth in the market expands by record margins, a new challenge begins to present itself. The growing enterprise technology stack is a reflection of the impact that e-commerce is having by adding complexity to virtually every supply chain. EDI is a foundational technology at connecting ecosystems for the seamless flow of supply chain, inventory, and retail data. EDI continues to act as the existing communications standards for most industry-specific supply chains.
E-commerce Growth
Benefits of Modern EDI
Any-to-any format transformation, data mapping, and integration Process orchestration for intelligent automation Asynchronous, synchronous, and real-time transactional capabilities Visibility and analytics capabilities that serve operational and business intelligence use cases Extensive integration capabilities for on-premise and cloud applications, systems, data, and partners EDI must coincide with integrated business processes with ERP systems and other core business applications that run the enterprise. It’s EDI that connects the data, applications, trading partners, and underlying revenue-generating business processes.
Business Process Integration
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