3 Tips for Achieving Maximum ROI from Your Integration Platform
For enterprises everywhere, the pressure is on. Business ecosystems are being restructured. Some competitors are getting left behind. Others are growing substantially thanks to new business models or mergers and acquisitions.
In order to compete well, organizations need to leverage their integration platforms and resources they have and implement IT and business strategies to facilitate higher return on investment (ROI).
Data integration platforms can allow companies drive their businesses, making them more agile, dynamic, profitable, and easy to work with. But taking these solutions for granted can do more harm than good. So, here are some tips that can come handy for organizations trying to make the most of data integration platforms to kick start growth and deliver maximum ROI.
1. Leverage the Existing Data Integration Solutions
Organizations must figure out what their data integration platforms can and cannot do. This analysis can be tremendously helpful in determining the value their platform generates. After all, it’s not easy to marshal a platform for digital transformation if the enterprise is not aware of its strengths.
Through this evaluation, businesses are likely discover that there are gaps in your existing data integration solution. Once these gaps are identified, it’s easier for companies to know whether their existing platform can fulfil their requirements or they need to deploy some enhancements. Business users can also get a sense of capabilities that they can build themselves with a data integration tool without needing to purchase and deployment of a whole new business application.
2. Set up the Groundwork for Modernization
After carefully evaluating the existing platform, companies can decide what alterations they need to modernize business for speed and efficiency. Chances are high that they will need to integrate existing applications and data sources with new ones. While deciding what applications to connect, business users must pay heed to time-to-value and skill requirements. Meaning that, they must make sure if the platform delivers value in the current digital transformative environment and if the current cohort of resources can function like citizen integrators to drive value. Or they feel the need to hire new developers.
If companies are attempting to set the groundwork at minimal costs, selecting a platform with a low-code development environment can provide businesses with the speed and efficiency they need. Simply put, low-code development helps organization address both time-to-value and skills requirements.
3. Adopt a Self-Service Model for Interactions
Empowering business users with a self-service approach can help organizations increase the efficiency and decrease overhead costs. And this is everything in a business economy.
Organizations can build self-service features in their data integration platform such as application connectors, AI-data mapping or rely on a whole new self-service-powered data integration platform. By enabling users integrate data and automating user interactions, processes become more efficient. These solutions put stakeholders in charge of their own data without needing the IT teams to build lots of custom forms and workflows from scratch.
By keeping all these tips in mind, business users can improve ROI as they can consistently deliver faster results without incurring costs due to manual interventions.