EDI stands the test of time

EDI has been in the market since the ’70s and has gained so much popularity that it is currently the top choice for companies seeking integration solutions to address their business needs, including the most common need for faster transmission of documents between regulatory authorities, business partners, and customers.

Source: https://ichef.bbci.co.uk/images/ic/480×270/p01l4hsk.jpg

Despite the emergence of new and more powerful solutions, EDI has remained at the forefront of the competition and continues to do so today. While EDI has evolved since its inception in the market, this technology still operates on the same fundamental concepts, including standards.

The Benefits of EDI

EDI has seen such adoption rates precisely because of the many benefits it offers. Companies have always been drawn to the fact that EDI removes much of the human element from the data transmission process, which, in turn, helps eliminate the errors that inevitably creep in. These errors have the potential to be truly destructive to a company, as they lead to data losses and security breaches.

Everything accelerated with the advent of EDI: there was no longer the need to wait for days for a financial transaction to be completed – instead, it could be concluded in just a few minutes. There was no more need to print, send, or receive paper documents; everything was automated and became super-fast.

As technology continued to evolve, the need for industry-specific standards emerged, along with its subdivisions.

EDI has evolved at such a speed and efficiency that there are now around 50 EDI standards in the market. Additionally, it has also managed to incorporate and leverage the benefits of technologies like XML encoding.

Companies still rely on this technology, helping them create responsive and flexible supply chains. This is why we can say that EDI will maintain its prominent position in the market going forward.