Healthcare and life sciences (HLS) organizations are expected to lose large sums of money in 2022 if digital initiatives are not met. The disruption brought a paradigm shift in the way healthcare companies rely on their IT teams as modern technologies, such as telehealth and connected devices, became highly critical.
2.5 quintillion bytes of data are created each day, and that number is continuously growing. For financial organizations and services, that represents a wealth of information about existing business customers, novel business opportunities, target market audiences, and the competitive landscape.
However, this tsunami of data acts as a roadblock for financial units because a major part of it is stored and managed in legacy systems.
Managing a better customer experience is critical to almost every business. After all, it carves out a path for businesses to foster engagement and brand building.
As the myriad paradigms of business have grown increasingly competitive, companies have come to depend heavily on digital innovation and transformative technologies to traverse the noise and stay relevant.
Data integration platforms combine data from multiple source systems to create unified sets of information for operational and analytical purposes. Its primary objective is to generate consolidated data sets and insightful information in order to address and meet customers’ needs and demands.
In the current competitive times, organizations in every industry must transform their ways of doing business to survive and thrive. According to research, disruption in the business world has significantly sped up the adoption of digital technologies.
Organizations today are under tremendous pressure to innovate while remaining cost-effective, highly efficient, and compliant. The disruption happening in the business world has set the stage for a more cloud-centric, agile, and distributed future.
As it has been for decades, Electronic Data Interchange (EDI) continues to be a critical data-driven technology for businesses around the world. It enables companies (retail, healthcare, logistics, and other industries) to exchange data between business partners using a standardized format.
However, companies that rely on legacy EDI systems are encountering multiple problems.
Retail businesses have undergone a metamorphosis in the last five years. Self-service data integration and automation can make the difference between becoming a butterfly or staying a caterpillar.
Healthcare professionals work under immense pressure and are pressed with time. They need to manage healthcare workers and different units, and deliver the value and care promised to patients on time.