B2B Data Integration and Transformation Blog

How can you tell if your B2B integration strategy has been implemented successfully? One of the ways you can measure positive outcomes is by looking at return on investment. Yet, when companies look at B2B integration costs, they tend to ignore a crucial aspect of ROI: total cost of ownership (TCO).

Today more than ever, an uninterrupted flow of information is critical to organizations’ continued competitiveness. As data integration in modern business environments becomes more complex and the evolutionary pace of technologies picks up speed, electronic data interchange has emerged as a foundation of fast, efficient data management.

According to the Bureau of Economic Analysis, GDP rose by 4.9% in Q3 2023, confounding experts who had predicted weaker growth. In another indicator of relative economic health, the labor supply remains tight, especially for skilled IT positions—including EDI specialists.

Modern business operations require a thorough understanding of B2B integration – largely because having one enables easy collaboration between organizations. However, owing to the many intricacies and challenges of integration, businesses often seek B2B integration help to see them successfully through the process.

More than half a century after its introduction, electronic data interchange is only becoming more indispensable in medical data exchange. By providing a standardized framework that reduces the instance of error and accelerates the flow of vital information, EDI in healthcare continues to reduce costs and boost efficiency.