The rise in digital technologies such as cloud computing, IoT, analytics and AI has made the enterprises to look at the advanced application infrastructure and middleware to truly harness the power of these technologies for their business growth. Moreover, there is a splurge in enterprises using cloud services for their applications. As per Gartner, the worldwide public cloud services market is projected to grow 17.5% in 2019 to a total of $214.3 billion, up from $182.4 billion in 2018.
Due to the constant evolution of technology and demand for real-time business intelligence, there is a need to have sophisticated and power integration tools that can connect the large influx of data smoothly between multiple applications, systems and devices. The traditional legacy integration platform has scalability limitations that led to the emergence of modern integration platform. Here we look at the top five reasons to switch from legacy integration platform –
1. The Rise in Big data: As per IDC, worldwide revenues for big data and analytics (BDA) solutions are forecast to reach $274.3 billion by 2022 from $189.1 billion in 2019 with a CAGR of 13.2%. The exponential rise in big data has made organizations to look for specialized integration solutions as the traditional middleware is unable to converge data from disparate sources and convert it into a consistent format.
The modern integration platforms can handle data from multiple sources as it comes with inbuilt application/technology connectors, supports open-source architecture and works in a hybrid environment.
As per by Markets & Markets, the data integration market is expected to grow from $6.44 Billion in 2017 to $12.24 Billion by 2022, at a CAGR of 13.7%. This is in alignment with the growth of big data as enterprises would be investing in specialized integration platform to make the most out of big data.
2. Migration to Cloud: The migration to cloud-based applications has shown unprecedented growth. As per Gartner, by the end of 2019, more than 30% of technology providers’ new software investments will shift from cloud-first to cloud-only.
Over the years, enterprises have built point-to-point connectors for in-house hosted applications using the traditional ETL (Extract, Transfer, Load) methods. The problem occurs when more components are added to the existing system thus creating point-to-point connections cumbersome and complex.
Such scenarios need specialized integration platforms that can handle complex integration for applications hosted in the hybrid environment. Moreover, the API-led approach to connect cloud-based applications cannot be supported by legacy integration technology such as ESBs (Enterprise Service Bus) and need a hybrid integration platform.
3. High Overheads of Legacy Systems: Legacy Integration platforms requires the high deployment of hardware and software components for their operations. Enterprises have to invest heavily in upgrading to new infrastructure to let legacy platforms integrate the old and new applications. This comes at a large cost and takes a lot of time for its implementation.
4. Rise in IoT devices: The rise in the Internet of Things (IoT) has taken the world with a surprise. It is expected to reach $745 billion in 2019, an increase of 15.4% over the $646 billion spent in 2018, according to IDC. The success of IoT technology heavily depends on the seamless data flow between IoT devices, cloud platforms, applications and on-premise hosted business applications such as CRM, ERP, etc. IoT projects use API centric approach that needs a modern integration platform to scale up the infrastructure.
5. Real-Time Availability of Data: For enterprises that deal with sensitive data in consumer dominated industries such as banking, financial, FMCG, health, tracking, analyzing and responding to data in real-time can make or break their business strategy. The modern integration platforms help in getting real-time data from different sources which ensure faster access to operational intelligence by converting the data into meaningful information with the help of deeper analytics.
Conclusion – Do your Integration, Smartly!
The need of the hour for enterprises is to get proactive enough to leave their long-nurtured relationship with the legacy integration systems behind and move ahead to embrace the modern integration platforms. The drastic decrease in manual efforts to write integration code for connecting various applications saves a lot of man-hours to an enterprise that can be utilized in doing other important strategic tasks. This directly boosts business productivity and let enterprise overcome bottlenecks in their digital transformation journey.
Simply said, modern integration solution prepares next-gen enterprises to solve business challenges in an efficient manner and build a strong foundation for business growth and prosperity.