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"It is expected that at least 40% of all businesses will die in the next 10 years if they don't figure out how to change their entire company to accommodate new technologies." - John Chambers
There are so many technologies available in the market for the transfer and exchange of data from EDI to API to the modern-day blockchain. All of them differ from one another, in terms of what purpose they serve and when did they evolve, and how easily they can be handled.
EDI stands for Electronic Data Transfer and has been in the market since the early 1970s. Over the past 50 years, no advancement in EDI happened and it lacked flexibility and was technically not equipped to handle modern-day business communication challenges leading to the evolution of API. Now, API i.e, Application Program Interface is a web-based protocol using the cloud that could efficiently handle all the business challenges of modern-day scaling business to new heights of success. It is cheap, flexible, and efficient. But the major issue with API is that it makes the system vulnerable. The battle is never-ending as to what is better and more suitable for a business.
Considering the future, blockchain can be the next big thing in business for exchange, transfer, and payments, according to experts. In order to find out which protocol suits you and your business needs. Watch this tutorial on EDI vs API to learn more about EDI, API, and what helps your business to streamline the whole transfer, exchange, and payments process.
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