IoT to drive API usage for B2B Integration
- March 25th, 2015
- By: Navdeep Sidhu
- In: Energy & Utilities, Finance, Healthcare, Supply Chain, General B2B, Subcategory
IoT will be the biggest driver of integration technology in history. It will impact every point of integration, whether its between two systems or two business entities. Devices are becoming smart and almost everything either has a sensor or will have one soon. As devices become smarter and use internet for connectivity, they will become more capable of handling tasks as well. In all likelihood, these smart devices will play a major role in e-commerce and B2B Integration.
We already see some examples of such activity and what future may hold:
1. Smartphones with NFC being used for payments. In future devices can become smart enough to recognize the shipment arriving at the warehouse, inspect it for damage, count it and automatically credit supplier account based on negotiated rate without any human involvement.
2. Smart watches for health information monitoring relaying data back for research and other medical usage. In future, the healthcare insurance card may just become an app on your smart watch and as you go through medical procedure, it may track diagnosis, prescription and claims.
3. Current thermostats learn usage patterns and automate settings. Next generation may even provide recommendations for reducing utility bills by showing ads from energy vendors or alternatives sources in your area and even change your utility company with a simple click.
The world is coming closer and the boundaries are disappearing fast. Sensors and devices transmit data in real-time and that will drive the usage of APIs for B2B Integration. APIs provide secure, real-time alternative to traditionally file based B2B interactions. Check out the Integration trends for 2015 and what future holds.