“Every once in a while, a new technology, an old problem, and a big idea turn into an innovation.”
— Inventor Dean Kamen
Data integration services are becoming more popular by the day. Here’s why. The strategy of companies merging and buying other smaller businesses happens all the time. The benefit to one company may be an influx of fresh disciplinary experts that can solve unique problems and add value to its existing product portfolio. The benefit to the other may be the infusion of much-needed capital to ensure that new technologies and services are properly funded and therefore fully developed before going to market.
Either way, there is a mess of disparate data trailing behind that must be combined and propagated across multiple sources so stakeholders can collaborate with ease. To ensure a smooth transfer of insight requires custom data integration. Here, we discuss the benefits and details behind data integration services and how they transpire post-merger.
Data integration is the process of making it easy to access and update information from a shared data pool. When implemented correctly, one data input can propagate across all integrated systems, keeping your data current. In fact, you can even adjust data inputs in real-time if you run a server or cloud solution in your integration strategy.
There are inherent benefits to data integration. They include:
• Real-time transfer of data that provides better and faster insights
• Automated data streams that give you organized data at a faster rate
• Enterprise-ready data that is accurate, secure, and ready for publishing
In today’s increasingly digitized business world, data is the driver that moves companies forward. There is a much greater demand for businesses to make decisions in real-time based solely on insights from their data streams. If there is not a reliable way to quickly and accurately interpret data, then you run the risk of making inaccurate business decisions. In fact, 55% of businesses agree that a lack of complete information is what inhibits decision-making.
The demand for faster, more accurate, and more effective information delivery systems only grows larger every day. Database performance for many businesses remains the largest inhibitor for rapidly delivering data insights to decision-makers. If businesses want to remain competitive, there must be a commitment to optimizing data integration.
There is a huge discrepancy among businesses of all sizes that can deliver real-time analytics. These discrepancies generally reflect data delivery strategies organizations already have in place, which is why custom integration services can be such a game-changer for so many businesses currently lacking robust strategies. Mergers must have an integration strategy in place to ensure a smooth coalescence. Making the necessary changes will require a sizeable amount of time, energy, and dedication. However, the end results are certainly worth it.
Fortunately for business leaders, there is not a one-size-fits-all type of cookie-cutter integration solution. There is a range of state-of-the-art solutions that provide real-time data insights. One of the more popular strategies emerging is cloud-based data delivery systems. Although a small portion of current businesses utilizes the cloud for the majority of their data integration, more businesses are making the transition every day. As cloud technology continues to develop, data integration will only become more sophisticated and accurate.
Another emerging solution is the In-memory database. These platforms rapidly accelerate data integration and delivery. Although not as well known as a cloud-based solution, In-memory will certainly play a pivotal role for data-driven companies for years to come. One of the key benefits of In-memory is its scalability, which will be a game-changer for companies with large databases.
Other benefits include faster response times, more detailed data, and the elimination of performance tuning.
Deciding on cloud or In-memory depends on specific business needs. However, many data experts believe the future of integration will be a tandem of the two technologies. The need for speed and data accuracy is only going to grow, and both technologies are particularly apt at addressing these issues. It will be interesting to see how these technologies grow together in the future. But for now, having one of these technologies in your integration strategy is certainly a must, especially if your business is going through a merger.
Ultimately, the ability to backfill and address data system integration across your enterprise boils down to having the expertise, focus, and resources to manage inherent complexities that have filtered into data over time. It makes sense to have an expert take on the challenges of shaping and integrating data resources for your newly combined team.
At OZ, we are digital solution experts here to help your business balance decision-making with innovation. One of our areas of expertise is data integration, where we work to find the right solution that works for your business.
To learn more about our data integration services and why you can trust OZ to get the job done, feel free to contact us today!
Murray consults with clients to create digital solutions that align with their vision, markets, customers and products. Prior to OZ, Murray co-founded Biztegra, a digital marketing, engagement and technology agency.
He also held senior positions at some of the world’s largest digital agencies, including Razorfish and Sapient, and began his career at what is now Accenture. An IASSC Certified Lean Six Sigma Yellow Belt™, Murray earned his B.S./B.A. in computer science and finance from the University of Florida.
OZ is a consulting and technology solutions leader focused on increasing customer engagement & operational excellence by leveraging Intelligent Automation.