WHAT is 'Enterprise Application Integration'

Enterprise application integration is the translation of data and other commands from one application format into another.

BREAKING DOWN 'Enterprise Application Integration'

Enterprise application integration is an ongoing process between two incompatible systems, which can involve hardware components, software applications, or a combination of both. This integration can allow for differing financial applications to interface effectively and process data or transactions.

Also known as enterprise app integration, this refers to the process of syncing or aligning the various systems and databases used within a company, network or industry.

Typically, there are a variety of technologies, tools and services involved in this process. The difficulty of this process can vary depending on an assortment of factors, including the number of systems involved, their size and level of sophistication, and how compatible they are with each other. The systems involved may speak completely different computer languages or have vastly different architectural frameworks. Older, outdated systems or those that are highly customized will likely present more of a challenge.

Value of Enterprise Application Integration

Enterprise application integration is important because it allows the various departments or components of a company or network to share information, exchange date and coordinate resources. This allows for more efficient operations and collaboration, and save a lot of time and effort by all of the personnel involved. This also ensures that everyone is operating in a consistent and up-to-date manner, and that all parties have access to the same information, which ideally is current and frequently updated.

In the past, enterprise application integration used to be a much more tedious process that had to be performed manually by programmers. Today this is usually done with specialized programs or other interface products. This type of program now usually employs the internet as the avenue for interface, employing a cloud computing approach. Some newer systems are designed with compatibility in mind, so they can easily interface and sync with certain other systems.

However, many companies are using at least some older legacy systems, where the components may be outdated and may not even still be supported by the original manufacturer. This can add some complications to the process, and will likely make things more time-consuming as they will likely require more hands-on work by specialized professionals.

In a financial context, fast access to accurate and update information can be critical in allowing investors and analysts to make educated, well-informed decisions. This also allows investors and traders to research needed data and initiate transactions quickly.

  1. Mortgage Application

    A document submitted to a lender to borrow money to purchase ...
  2. Free Enterprise

    Free enterprise is an economic system where few restrictions ...
  3. Regulation B

    Regulation B is a regulation intended to prevent applicants from ...
  4. Information Management Technology ...

    Information management technology is the distribution, organization ...
  5. Loan Application Fee

    A loan application fee is a fee charged to a potential borrower ...
  6. Cloud Computing

    Cloud computing is a model for delivering information technology ...
Related Articles
  1. Investing

    Focus on Enterprise Cybersecurity Shifts Industry

    Tech players seek to help firms navigate a complex and transformed cybersecurity landscape.
  2. Trading

    The Best Applications For Online Trading

    This article looks at technology in the financial market and the use of online applications.
  3. Investing

    The Difference Between Enterprise Value and Equity Value

    Enterprise value calculates a business’s current value, while equity value offers a snapshot of that business’s current and potential future value.
  4. Retirement

    10 Best Smartphone Apps For Seniors

    Whether it's for health, news or personal finance, these apps can be useful for seniors. Best of all, they are free.
  5. Investing

    3 Reasons Enterprise Products Stock Could Rise (EPD)

    So far, 2015 has not been kind to shares of Enterprise Products Partners (NYSE: EPD). While the midstream energy specialist has routinely beaten the S&P 500 on a total return basis, its negative ...
  6. Small Business

    What Facebook Owns That Other Social Media Do Not (FB)

    Examine Facebook's competitive advantage to understand how the network effect and application suite set it apart from other social media platforms.
  7. Personal Finance

    A Day In The Life Of A System Trader

    Systems traders divide their time between trading, developing, backtesting, optimizing and forward testing, to create viable and high-probability trading systems.
  8. Financial Advisor

    Asset Manager Ethics: Rules Governing Capital Markets

    The integrity of the capital markets needs to be kept at utmost importance for all investors. This article shows how to maintain the integrity while investing.
  9. Investing

    Enterprise Stock Dip No Cause for Alarm (EPD)

    Enterprise Products stock dipped 1.5% after it reported 3Q earnings of 32 cents a share. How should investors interpret that?
  1. What is the difference between horizontal integration and vertical integration?

    Horizontal integration refers to acquiring a company in the same industry; vertical integration refers to a company acquisition ... Read Answer >>
  2. What is the difference between enterprise value and equity value?

    Valuating a business accurately depends heavily on the purpose of the valuation. Learn how enterprise value and equity value ... Read Answer >>
  3. When is outsourcing preferable to vertical integration?

    Deciding between outsourcing and vertical integration can be challenging. Understand the benefits of each to make the most ... Read Answer >>
  4. When does vertical integration reduce transaction costs?

    Trading is not only based on supply and demand, but also negotiations between companies. Vertical integration can eliminate ... Read Answer >>
  5. Can Internet companies be vertically integrated?

    Find out how online businesses are beginning to take advantage of vertical integration for many of the same reasons as traditional ... Read Answer >>
  6. Can Foreigners Open Savings Accounts in the US?

    Find out what it takes for a foreign individual to open a savings accounts in the US especially in the age of heightened ... Read Answer >>
Trading Center