Benefits of data integration for businesses
In recent years, there has been an increasing interest in data integration. Data integration is one of the more practical techniques in which businesses gather, store and use disparate data that arrives from multiple sources.
The term embodies a multitude of concepts as it is beneficial for any company that wants to become market leaders by enhancing their processes and removing extraneous tasks.
Businesses adopt data integration because of its reliability and validity. Businesses which have previously struggled to manage large datasets are now provided a chance to eliminate errors when gathering data. It is no surprise that businesses which decide to not utilise data integration tools are left shorthanded as data can easily be overlooked. Companies are assured that erroneous data is extracted which then allows them to make calculated business decisions.
Saving Time Through Data Integration
When used correctly, data integration can certainly be beneficial as it provides the ability to save time by cutting down on manual data exchange, individual reports and sporadic information distribution. The majority of companies which have used data integration now state that they are able to answer key business questions faster because of the real time data aspect and the speed in which it gets processed.
Integrated data enhances collaboration
One of the many reasons why businesses decide to use data integration is the fact that it facilitates the centralisation of a business’s data. This has a number of implications, one in particular being that data can then be easily accessed, shared and used by anyone in the organisation. Unless data sits in one viewable environment, it can be very complex for businesses to analyse the data in way that everyone in the organisation understands.
Recent trends show that there is clear evidence that data integration plays a crucial role in regulating business operations. The growing adoption and demand for data integration is being fuelled by increasing trends such as cloud computing adoption, the need for multiple heterogeneous systems and the need for effective integration platforms and toolsets.
Research suggests that data integration is among the most important factors for cutting cost. Small and medium size businesses can use data integration to maximise employee productivity and nurture value creation by means of enabling key resources to focus on customer centric tasks with accurate data instead of spending time digging for information internally.