Individuals rely on data for their day-to-day ordering products, communicating and working. A company is much better positioned to enjoy scalability and efficiencies when it subjects its business process to data. It’s safe to say that data has been and continues to be the fuel that drives the world’s digital transformation. And with each innovation in data management, life becomes more convenient. IPaaS is one such innovation in data management. And if you’re looking for a deeper understanding of this popular keyword, this IPaaS guide might be beneficial.
iPaaS is an abbreviation that translates to Integrated Platform as a Service. For many data professionals, iPaaS is an extension of software as a service (SaaS). iPaaS rose in prominence as companies began to realize the efficiency of cloud integration. But unlike SaaS, which a vendor hosts on-premises, iPaaS is a 100% cloud service. It is an integrated platform that allows companies to host and manage both cloud and on-premises applications. IPaaS offerings continue to expand in scope and utilize case scenarios. After being named the biggest standalone marketplace last year, Gartner tipped iPaaS to make over $3 billion in market cap and grow by 38%.
Today, many companies use the iPaaS solution to reduce their dependence on extensive hardware and middleware. It’s also a move away from the inefficiencies of data silos. Consider the countless software applications produced every day and ask yourself these questions. How are developers able to create over 2,000 new applications every day? What is making the workflow and deployment rate so fast? Where does all the data these applications produce go? That’s where iPaaS comes in handy. You will find that there is no answer to these questions without the mention of iPaaS.
The innovation of iPaaS bases its integration capabilities on automation, making it possible to seamlessly connect large volumes of data from different environments and data sources. These connections provide business users with a more self-service integration approach to replication, migration and data leverage.
While companies are increasingly enjoying the fruits of iPaaS, experts have reason to believe that iPaaS has barely scratched the surface of application integration. Major players like Dell Boomi etc are pushing the limits but experts think they can offer more.
Benefits of iPaaS
There are many benefits that come with iPaaS. We list a few below.
Improves Remote Collaboration
Data moving in real time is how work from home, as we know it today, has come to be. And iPaaS has a significant role to play for companies looking to thrive in the global post-pandemic business landscape. iPaaS as an integration tool can help companies streamline and build cloud workflows. We may no longer have the luxury of bumping into each other in welcoming and sharing unconventional ideas. But wherever you stop, iPaaS makes it easy for the next one to continue without too much friction.
The cloud is already saving companies tons of money that would have been spent building and maintaining legacy systems.
The B2B integration advantage of iPaaS helps users to leverage collective efforts and reduce expense in repetitive processes. iPaaS also has multitenancy opportunities to save companies with branches in different locations from throwing money at localized and siled systems. This puts productivity on wheels. And what’s more, this is all possible with a subscription fee instead of millions thrown into building custom systems.
Improve data quality
iPaaS can serve as a one-stop shop for companies to manage all their data needs. It’s a move away from all the data integrity issues of managing data from different sources. And efficient data management ensures data quality and moves downward to help companies make more data-driven decisions in real time.
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