You have heard the terms digital transformation and cloud computing many times in the past decade, but now it has come to the insurance sector. Digital technologies have had a major effect on just about every industry from retail and manufacturing to healthcare and hospitality. The insurance industry is often slower to jump on any new trends. Insurance providers are set in tradition and don’t usually see much need to change.

Boomi is a software platform that helps you build and run data integration, deployment, and configuration automation applications. Boomi offers enterprise-class features for the demands of large organizations. However, Boomi may not be the right fit for every company. In this article, we’ll take a look at some of the reasons why Boomi may not be suitable for you.

Human capital management (HCM) is a set of practices used by the human resources department for onboarding new talent. These practices focus on the needs of the organization to fulfill specific vacancies and are implemented across three main categories: hiring, managing and optimizing the workforce. HR departments rely heavily on their apps.

API management has been around for over a decade. It is the process of designing, analyzing, documenting, and publishing APIs in a secure environment. A comprehensive API management solution can guarantee that the APIs you create are consumable and secure. However, how do you know if data mesh or API management is right for your business? The concept of data mesh was introduced a few years ago by Zhamak Dehghani on Martin Fowler’s bliki.

Businesses have been adopting more apps over the last decade. The right applications make it easier for them to communicate with customers, analyze data, improve efficiency, and refine their business practices. The number of apps used by businesses jumped incredibly during 2020 as the pandemic made it more difficult or impossible for employees to work from their offices. As organizations rely more heavily on diverse applications, they need reliable API management tools with self-service features.

Fintech is the future of finance. From digital wallets to firms that help traditional banks create digital customer solutions, financial technology companies are thriving. Because of this, you may come across plenty of new banking terms. Keeping up with this terminology may seem challenging, which is why we’ve created our guide to the banking API vs Open Banking and Neo Banking.

Financial institutions rely on APIs to permit their different financial software solutions to communicate or to give clients access to their processes. Every time a client opens a mobile app for banking on their phone or interacts with the financial services industry through the web, they are using APIs (Application Programming Interfaces). The interaction with mobile users is one of the biggest benefits of API banking and APIs in general.

The future is unpredictable. One thing you can count on is the future of IT. The IT world will continue to grow, expand and make breakthroughs, no matter what else is happening in the world. Your competition jumps on new technology as soon as they are able. To stay ahead of them, you have to be prepared to embrace IT transformation before they do. The future of IT promises to bring unprecedented opportunities for businesses prepared to implement new technologies sooner, rather than later.

Whether you’re adding to your app ecosystem or working on a full digital transformation business strategy, your aim is a smooth enterprise integration process. But when you’re working with multiple programming languages, brands, or operating systems, it can get complicated quickly. API integration is now critical to business functionality in an increasingly technical world. It’s the best way to avoid compatibility issues with all your apps and opens the door for future implementations.

Every business strives to succeed in the digital economy. Consumers are shifting their focus away from physical products and towards connected experiences, prompting companies to change product designs and best management practices. An API product strategy can help aid you in your business’ journey to success in the digital economy.