Systems | Development | Analytics | API | Testing

July 2024

HIPAA EDI: Transactions sets in the Healthcare Industry

The Health Insurance Portability and Accountability Act (HIPAA), established in 1996, keeps individual health information private. It introduced HIPAA EDI (Electronic Data Interchange) Standards to secure electronic health data sharing among healthcare providers, insurers, and related entities. Healthcare EDI sets rules for how data should be formatted when electronically exchanged to ensure secure and efficient communication and reduce manual tasks.

A Complete Guide to Legacy Application Modernization

Legacy systems have been important in the growth and success of several organizations. However, as these systems and applications age, they slow down and become increasingly costly to operate and manage. As per the U.S. Government Accountability Office, operating and maintaining legacy systems consumes over 80% of IT expenses. Organizations must scale and update these systems to accommodate their evolving business needs. This is where legacy application modernization can help.

Insurance Legacy System Transformation With API Integration: A Guide

Insurers’ success has always hinged on their ability to analyze data effectively to price and underwrite policies accurately. While this analytical capability remains essential, outdated legacy systems hinder insurers from competing in a rapidly changing market. According to McKinsey, modernizing legacy systems can reduce IT costs per policy by 41%, increase operations productivity by 40%, improve claim accuracy, increase gross written premiums, and reduce churn.

The Best API Reporting Tools to Consider in 2024

The global API market’s value reached $5.42 billion in 2024 and is expected to grow to $34.17 billion by 2032. This exponential growth underscores the increasing reliance on APIs for digital transformation strategies. As the API economy expands, so does the complexity and volume of data exchanged through APIs. API reporting tools streamline this process by providing all the features you need to leverage APIs effectively.

Crafting a Successful Application Modernization Strategy

92% of enterprises are working on or planning an application modernization strategy. This trend shows a growing focus on upgrading technology. Modernizing existing systems and data infrastructure allows organizations to turn old, inefficient setups into flexible, scalable solutions that support future growth. These initiatives mitigate the risks of outdated technology and position companies to take advantage of new opportunities, such as big data analytics and integration with cloud technologies.

What Is Legacy ERP Modernization? Legacy vs. Modern ERP

Staying competitive requires embracing change and innovation. Modernizing legacy ERP is one such change that can equip enterprises with the tools they need to thrive. According to Gartner, 45% of CIOs seek to decrease investments in legacy infrastructure. Understanding this transition’s importance and navigating it can position businesses for sustained growth and success.

Business Intelligence vs. Data Analytics: Key Differences

Both business intelligence (BI) and data analytics help businesses make the most of their data through insights. While the two terms are related, they’re not the same and cannot be used interchangeably. The biggest difference is that business intelligence requires data analytics to generate results, but data analytics works well even independently of business data. Let’s do an in-depth comparison of the two and see if the business intelligence vs. data analytics debate is justified.

EDI VAN: Everything You Need to Know about Value-Added Networks (VAN) in EDI

The global EDI market, valued at USD 36.52 billion in 2023, has a projected compound annual growth rate (CAGR) of 12% from 2024 to 2032. As organizations worldwide increasingly turn to EDI to enhance their business processes, the role of VANs in facilitating seamless data interchange has garnered significant attention. This blog provides a comprehensive overview of EDI VANs, detailing their functionalities, benefits, and important aspects to consider when selecting the right EDI communication method.

What is a Resource Catalog and How to Set Up One?

A resource catalog is a systematically organized repository that provides detailed information about various data assets within an organization. This catalog serves as a comprehensive inventory, documenting the metadata, location, accessibility, and usage guidelines of data resources. The primary purpose of a resource catalog is to facilitate efficient data discovery, governance, and utilization.

Legacy System: Definition, Challenges, Types & Modernization

Over 66% of organizations still rely on legacy applications for their core operations, and more than 60% use them for customer-facing functions. This widespread dependence on outdated technology highlights the significant role legacy systems play in modern business environments. Despite their critical functions, these systems also lead to increased maintenance costs, security vulnerabilities, and limited scalability.

What is API Test Automation? A Complete Guide

79% of organizations acknowledge their increasing reliance on APIs for revenue generation. APIs facilitate transactions, streamline operations, and enhance customer experiences. However, any disruptions or malfunctions in API functionality can have significant consequences. While API testing addresses these issues, API test automation is essential for ensuring APIs function correctly and reliably.

The 12 Best API Monitoring Tools to Consider In 2024

Application Programming Interface (API) monitoring tools are essential software solutions designed to closely monitor API performance, availability, and security. These tools track key performance metrics like response time, throughput, and latency, helping organizations identify and resolve any issues that could slow down or disrupt their services. These monitoring tools are essential for ensuring APIs remain available and reliable for users.

The 10 Best REST API Tools in 2024

REST APIs, or Representational State Transfer APIs, provide a standardized approach for applications to communicate and exchange data efficiently. However, building and managing these APIs can be time-consuming and involve repetitive tasks. This is where REST API tools help. These are software solutions designed to simplify and streamline the entire process for developers, making it more efficient to build, test, and manage REST APIs.

Data Fabric: A Complete Guide | Architecture, Benefits & Implementation

Data fabric is an architecture that integrates different data systems and tools. It provides unified access to data stored across various locations to organize, manage, and govern it without moving it to a central database or data warehouse or changing its format. Data fabric relies on metadata to ‘understand’ the data’s structure, lineage, and meaning across various sources. This information enables informed decision-making and optimized data usage.

What are Database APIs? Why and How are they Used?

Modern applications store a lot of data, yet databases continue to be the primary source of data that these applications need to function. This is where database APIs come in, making it easier for applications and services to retrieve and manipulate data. A database API’s biggest advantage is that it eliminates database operations’ dependence on proprietary methods and provides a unified interface, streamlining data operations. Here’s everything you need to know about database APIs.

The 8 Best API Documentation Tools In 2024

An API allows communication between different systems, and like any other software, it requires clear instructions so developers can use them effectively. Clear and comprehensive API documentation helps developers understand how to use APIs in their applications. API documentation tools simplify creating detailed reference docs, tutorials, and API documentation. These tools assist in documenting REST, SOAP, or GraphQL APIs effectively. They produce comprehensive API docs that support developers.

What is Data Architecture? A Look at Importance, Types, & Components

Data architecture is a structured framework for data assets and outlines how data flows through its IT systems. It provides a foundation for managing data, detailing how it is collected, integrated, transformed, stored, and distributed across various platforms. It also establishes standards and guidelines for data handling, creating a reliable and scalable environment that supports data-driven activities.