What is the Importance of ROI in Enterprise Application Integration?
In this fast-paced business environment, modern enterprises adopt newer and smarter applications to better their business workflows.
Fremont, CA: Businesses depend on various applications like accounting software, analytics platform, CRM systems, HRMS systems, and more to manage their essential day-to-day operations. The integration of these enterprise applications provides transparency and order to organizations’ business processes as they unveil the existing systems’ hidden potential. While modern businesses are keen on adapting to this trend to enhance their business workflows, it is vital to consider the said integration’s ROI impact.
It is a critical component of the CIO to focus on integration merits and then make a case of how an EAI tool aids in saving software development time and maintenance costs. They have to showcase how the integration supports the business strategy by enhancing customer service, optimizing inventory, and bettering the product’s go-to-market time by “standardizing” the business processes.
Typically, there are two kinds of integration strategies: for cloud applications and on-premise applications. Enterprise applications can either be hosted on-premise, private/public cloud servers, or managed by third-party service providers. With a high number of applications being deployed on the cloud within an organization, a hybrid integration framework is coming to optimize for both applications. This reduces initial and ongoing IT costs and maximizes their value over time.
Traditionally there are three kinds of application integration models.
• Traditional on-premise integration platforms- These platforms can be utilized to integrate cloud applications via the deployments tend to be costly with a longer deployment time and offers limited flexibility to support changes over time without specialized expertise or consultation.
• Tactical point-to-point connectors- Subscription to the needed and prebuilt cloud connectors helps connect discrete cloud application data fields in other cloud and on-premise applications. It covers low initial and a stable ongoing cost with a rapid time to deploy. Though they are generally not architected for enterprises as they fail to meet the scalability and reliability requirements
• Ad-hoc, project-based integration- Leveraging the existing employee skill sets and developer tools or external consultation, companies can connect cloud and on-premise applications. This approach doesn’t scale over time and often requires specialized knowledge for upgrades or making changes.
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