Many companies are seeking to become data-driven organizations, but the best path toward achieving that goal may not be evident to them. Marshaling data to guide enterprise decision-making requires the integration of processes from multiple applications and from internal and external data sources, which could be a cumbersome and expensive proposition. 

iPaaS, or integration Platform as a Service, facilitates process automation and data integration by replacing the linear connections of older integration approaches with an any-to-any integration model. iPaaS is easy to implement and use and does not require high-level IT skills. Business users access iPaaS through a web interface, which provides centralized management and monitoring of applications, processes, and data flows, and allows users to create workflows with drag-and-drop functionality. iPaaS is also scalable, so that an organization can add applications as its business grows, an attribute that is especially important for companies expanding their market reach and adding partners and suppliers. iPaaS represents a flexible solution in the sense that it can deploy different types of integration methodologies, such as application programming interfaces (API) as well as real-time and batch integrations. iPaaS is a contemporary evolution of electronic data interchange (EDI), with a focus on advanced integration and data transmission within today’s dynamic technological environment. 

Like EDI, iPaaS facilitates standardized data exchanges, streamlines workflows, automates processes and ensures real-time data connectivity — but in an updated way for the digital era, using multiple modern integration techniques that facilitate faster partner connectivity and onboarding. 

iPaaS takes EDI integration to the next level with the capability of analyzing EDI data, such as using tracking tools to monitor how quickly businesses are realizing revenue. Taken together, iPaaS represents more of a revolutionary than an evolutionary change in systems and data integration and management. What benefits can companies derive? Read more to find out.

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