Top 10 EDI Solutions Companies – 2022
In the era of big data, making data-driven decisions has become the new norm for business leaders. However, data in enterprises lies scattered in disparate systems, structured inconsistently across the organization with varying levels of data quality. To get access to actionable data, it is essential to integrate all data into one place and harmonize it into a standard format. At the same time, access to multiple low-quality data can drive businesses into a false sense of security. Organizations need to ensure comprehensive data integration across departments to make them work in harmony and derive the maximum value from the data.
As per research by marketsandmarkets.com, the global data integration market was valued at $11.6bn in 2021 and is expected to reach $19.6bn by 2026. This extensive growth can be attributed to the rise in interest in big data and cloud computing technologies, the increasing amount of on-cloud data, and the incapability of traditional data management tools to meet the changing business needs.
By leveraging data integration software and tools, businesses can clean the captured data and place it in a data lake or warehouse for further analysis. A combined technological and human approach to data integration is enabling enterprises to conduct continuous planning, budgeting, and forecasting and create real-time executive dashboards that show the status of different KPIs. Insights from the data are being used to carry out risk and opportunity analysis, produce accurate forecasts, and perform complex scenario planning to prepare for any eventuality.
This edition of CIOReview delivers a bird’s-eye view of the recent developments in the data integration arena and insights into how companies are aligning with these trends and adopting new ways to shape the future of data integration.
We have curated thought leadership articles from industry experts, including the Chief Economist at BBVA Compass, Assistant Vice President for Assessment and Institutional Effectiveness at Furman University, and Chief Data Officer at USCIS.
We also took a deep dive into the market trends to narrow down the list of companies delivering robust data integration solutions. Equipped with innovative technological capabilities, the enlisted solution providers, such as MAD Software, Corporate Business Solutions, and Tray.io, help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of CIOReview on Data Integration solution providers helps you build the partnership you and your organization need to foster an environment driven by efficient technology.
Let us know your thoughts!