The future of EDI

The Future of EDI

1. https://www.digitalcommerce360.com/2020/06/01/why-edi-still-has-a-big-role-to-play-in-b2b-ecommerce/ 2. https://www.idc.com/getdoc.jsp?containerId=prUS46967120 3. https://www.grandviewresearch.com/press-release/global-healthcare-electronic-data-interchange-edi-market

Sources

EDI hasn’t just survived for 50 years, it has thrived – and is set to stay firmly at the heart of B2B communications for the next five decades. With EDI services like OpenText’s Trading Grid, businesses continue to connect in scalable, cost-effective ways. Trading Grid is the industry’s only unified integration platform that supports complex integration for everything from APIs to XML – not just EDI – to help businesses grow by connecting with every partner and optimizing productivity.

The Future

For the healthcare industry alone, it is estimated that the EDI market will be worth $5.9 billion by 2025 – an annual growth rate of 9.4%. EDI continues to be an important and integral part for doing business and is only expected to continue growing as businesses rely on EDI to streamline B2B connections.

2025

The response to COVID-19 has placed the need for automation at the top of the CIO priority list. IDC recently predicted automation would be one of the top five items on the CIO agenda for 2021. Using a cloud-based EDI VAN allows you to automate more of your B2B processes, smoothing secure digital business throughout your trading partner community.

2021

EDI accounted for 78.4% of all B2B electronic sales, which equates to $7 trillion. EDI and B2B e-commerce will become more interconnected, as EDI has been optimized for many of the key business processes within organizations. EDI helps not only with purchasing and invoicing but with processes throughout production and the supply chain, in a way few technologies can match

2019

When the XML protocol and AS2 standards were first introduced, they were a contender for replacing EDI. XML was human-readable and seemed a better alternative than the more complex EDI, and AS2 was quickly adopted by retail giant, Wal-Mart. But instead of replacing EDI, the additional protocols and standards added to the variety and complexity of digital trade.

2002

The Transportation Data Coordination Committee (TDCC) develops electronic standards for the transportation industry, creating the foundation for EDI standards that we’ve come to know across many industries including automotive, manufacturing, healthcare, and retail.

1968

Army Master Sergeant Ed Guilbert creates a paper-based system for EDI, allowing 2.3 million tons of goods into West Berlin organized through structured shipping manifests that Guilbert developed. It would take Guilbert another 20 years to turn this paper-based approach to standardized business documents into the electronic messages that would later develop into EDI.

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EDI is a 50-year-old technology that is widely used across many industries, connecting businesses across the world. Despite its age EDI has become a mainstay, but many wonder if EDI is here to stay in the long term. How did we get here, and what is the future of EDI?

See Sources

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EDI continues to thrive

Estimated growth

EDI and automation

EDI is booming

XML and AS2 are introduced

EDI standards emerge

EDI is born

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