Brokering Data and Processes, What Does it Mean?
When we hear the term “broker” it likely brings to mind sales agents for stocks, land, or any other number of goods or services. Any person who buys and sells goods or assets for others is said to be a broker, and the act of arranging or negotiating a settlement/deal/plan is said to be “brokering”. These are concepts widely understood in both the business world as well as everyday life.
With the rise in scale and complexity of everyday businesses and the systems necessary to run them day-to-day it almost goes without saying that at least some small part of the puzzle is likely to be powered or running outside the traditional walls of that business. In most cases this outside piece would be in the “cloud”, whether it be public, private or some variation of a hybrid model. The question that then follows is how are the systems connected and communicating with each other? Is it being accomplished in a free-wheeling ad-hoc fashion or is there an underlying plan and foundation that ensures that data and systems interconnect in a logical and predictable fashion? Or another way to phrase it, how are your systems and their critical data being brokered?
All data and systems are brokered whether we realize it or not, with inefficient and error-prone human manual steps on one end of the spectrum and highly automated and efficient systems and processes on the other. Generally speaking, most businesses find themselves closer to the inefficient people/manual processes than they either realize or care to admit. The logical question then for any business to ask is “what benefits are gained and at what cost” to move towards the efficient end of the brokering spectrum from where they currently operate.
Detailing exact costs and benefits for each specific organization and application are beyond the scope of this article. There are, however, high level concepts that prove to be consistent across virtually every situation when delving into the challenges and opportunities of moving towards the efficient end of the brokering spectrum. Future posts will dive into more detailed analysis, but for now we will lay out some of the high level concepts around brokering and how it pertains to your business processes and data.
Join us in future posts as we dig deeper into these concepts and discover not only the business drivers behind “why” you should understand and enhance the brokering of your data but “how” it can be done.