EDI replaces postal mail, fax and email. While email is also an electronic approach, the documents exchanged via email must still be handled by people rather than computers. Having people involved slows down the processing of the documents and also introduces errors.
Instead, EDI documents can flow straight through to the appropriate application on the receiver’s computer. Companies worldwide have been using electronic data interchange technology for many years now and there were not few times when people declared its end.
3. ▪ EDI replaces postal mail, fax and email. While email is also an electronic
approach, the documents exchanged via email must still be handled by people
rather than computers.
▪ Having people involved slows down the processing of the documents and also
introduces errors.
▪ Instead, EDI documents can flow straight through to the appropriate
application on the receiver’s computer .
▪ Companies worldwide have been using electronic data interchange
technology for many years now, and there were not few times when people
declared its end.
Introduction
4. IT Skills Shortage
▪ Cloud computing is changing the framework for EDI technology deployment and
service consumption models.
▪ Companies have started to migrate their data and applications to the cloud, and
EDI is no exception.
▪ When companies are facing skills shortage the only solution that can help them
survive in the market is outsourcing. More and more companies have started to
collaborate with external businesses to get 24/7 coverage and reduce costs.
▪ When it comes to EDI, they prefer to outsource it because they no longer consider
it an internal requirement.
5. E-commerce Growth
▪ Without a doubt, e-commerce is by leaps and bounds the fastest growing
sector in retail. Online shopping is everywhere, it’s become a way of life
▪ As the e-commerce growth in the market expands by record margins, a
new challenge begins to present itself.
▪ The growing enterprise technology stack is a reflection of the impact that
e-commerce is having by adding complexity to virtually every supply
chain.
▪ EDI is a foundational technology at connecting ecosystems for the
seamless flow of supply chain, inventory, and retail data. EDI continues to
act as the existing communications standards for most industry-specific
supply chains.
6. Business Process Integration
▪ EDI must coincide with integrated business processes with ERP systems
and other core business applications that run the enterprise.
▪ It’s EDI that connects the data, applications, trading partners, and
underlying revenue-generating business processes.
Benefits of Modern EDI
✓ Any-to-any format transformation, data mapping, and integration
✓ Process orchestration for intelligent automation
✓ Asynchronous, synchronous, and real-time transactional capabilities
✓ Visibility and analytics capabilities that serve operational and business
intelligence use cases
✓ Extensive integration capabilities for on-premise and cloud
applications, systems, data, and partners
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