B2B Data Integration and Transformation Blog

According to MMR, the rising adoption of cloud EDI is expected to boost significant growth in the global EDI market, on track now to grow at a CAGR of 12.1% to reach $72.59B by 2030. Why is cloud adoption growing?

Key Takeaways:

• Growth is limited in businesses that view EDI as a cost center.
• Businesses that embrace modern EDI have a competitive advantage.
• The strategic benefits of EDI have a measurable return on investment.

When you think about hosted EDI, the first thing that comes to mind is the “where.” Where will the EDI solution be hosted? Typically, the debate has been cloud vs. on-premises EDI.

The retail industry has transformed tremendously in the past few decades; back in the 1980s, it would have been unthinkable to order merchandise from your computer. Yet today, buyers do it from our mobile phones all the time.

Over the past few years, we have quickly seen cloud storage become a huge part of our personal and professional lives. For those unfamiliar with cloud storage, it’s essentially an intangible hard drive that allows storage and access to data for a variety of users. Cloud storage grants many benefits to daily tasks, mobile devices, and web services we all use. Whether we know it or not, we’re using a cloud when collaborating online with co-workers, using email, and even streaming entertainment at home. Such profound innovations seem to find their way into almost all aspects of our lives in time, so I was surprised to read in this article, by Scott Koegler, that only 8% of billing transactions are cloud based.