As businesses increasingly rely on cloud-based applications and services, it has become essential to have a reliable and seamless integration solution that connects disparate systems and applications. The integration of applications and platforms across the martech stack delivers big benefits to an organization. It also provides major value in terms of customer experience. In the world of software as a service (SaaS), the rise of artificial intelligence (AI), and integration platform as a service (iPaaS) solution, why aren’t more applications seamlessly integrated?
Integration Platform as a Service (iPaaS) is an emerging technology that has revolutionized the way businesses integrate their data and applications. According to the Garter Magic Quadrant for Integration Platform as a Service, Worldwide of 2023, iPaaS is defined as “a vendor-managed cloud service that enables end users to implement integrations between a variety of applications, services, and data sources.”
The importance of iPaaS solutions is increasing as organizations seek new ways to scale and manage the complexities of their technology stacks. iPaaS has “become an essential tool for organizations looking to streamline their data integration processes and improve their operational efficiency” according to Solutions Review.
Two of the biggest benefits of using an iPaaS solution for seamless integrations include faster time to value and reduction of operational challenges.
Value from operations is easily demonstrated by reduced costs and increased efficiency and speed. Reducing costs by eliminating costly point-to-point integrations and maintenance of those integrations by leveraging an iPaaS solution are easy to measure.
However, increased efficiencies and speed are metrics that are often harder to measure than cost savings. The value of increased efficiencies and speed relate to productivity, eliminating manual tasks (replacing with automation), and scalability. Time-consuming and error-prone manual tasks that can be replaced with high-value automation workflows and processes deliver significant value. As a result, productivity, and often employee satisfaction, increases. This further adds to the operational value.
Value from ecosystems includes revenue from a company’s ecosystem participants, as well as new value from customers and third party applications. This is especially true when looking at organizations using iPaaS solutions. The ability to quickly and easily connect new solutions (new partners) helps organizations streamline their supply chains and improve overall business performance.
Additionally, when using an iPaaS solution (there are more platforms crowding the market daily) end customers generally leverage an “AppExchange-like” marketplace to choose “Connector” solutions to integrate with. It’s a scalable and agile solution to meet evolving business needs that reduce implementation costs and ongoing challenges that generally come with each new integration.
In a global, digital-first economy, complexities are all too common. Integration platform as a service solutions like OneTeg, a no-code option, help with both strategic and tactical challenges including advanced monitoring and management and simplified compliance capabilities.
Simplified compliance capabilities help organizations by providing a secure, auditable platform for managing integration processes. With iPaaS, organizations can ensure that their integration processes meet regulatory requirements and industry standards without purchasing additional solutions.