Is Edi a Growing Industry?
Is EDI a Growing Industry?
Short answer is Yes!!! EDI is Growing big time!!!
EDI is expected to grow with business-to-business e-commerce overall, a sector that was growing quickly in the early 2000s. In 2000 alone, business-to-business sales were estimated to be $3.3 trillion, with forecasts predicting an increase to $5.2 trillion by 2004, according to Corporate EFT Report. The Gartner Group forecast sales in this sector to be even higher, reaching $7.29 trillion by 2004. The use of EDI also is expected to grow along with international trade agreements like the North American Free Trade Agreement (NAFTA).
According to Corporate EFT Report, in the early 2000s the lines between EDI and other Internet channels—including hybrid EDI/Internet electronic trading networks, Internet e-marketplaces, extranets, Internet company-to-company links, and private emarkets-were beginning to blur, and companies were relying on a variety of channels to conduct business with suppliers, depending on the nature of their business goals.
In a Planet IT article, David Yockelson provided a similar snapshot of EDI in the early 2000s, as well as a glimpse at the road ahead: "VANs haven't gone away, but the demands of businesses and their trading partners have changed dramatically. Internet-based transport, broader and more robust sets of information and real-time connectivity are just a few of the items that have been appended to the connectivity wish lists of most companies. Moreover, the basic language of data movement has suddenly become XML, despite the presence of decades-old EDI standards. VANs aren't dead. EDI isn't going away any time soon. And XML, while incredibly exciting as an application and data-neutralizing standard, is in its infancy."
EDI was expected to grow, it was just a matter of time before internet will be everywhere and the low cost of electronic transactions reduced scientifically and EDI there are affordable EDI solutions of all sizes and to all types of companies.
There is no way a business can continue to grow and trade with large vendors, retailers and suppliers without being able to exchange EDI documents online quickly. Every year more and more companies join the EDI network beginning to use electronic documents and enjoy the speed of electronic business.
Amosoft EDI
Amosoft EDI provides EDI Services.
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The Uniform Code Council (UCC), the standards group which defined the format of the UPC, has also published the Uniform Communication Standard. This standard defines both the message format and communication protocols for exchanging retail documents between the store automation system and the automation systems of the stores' trading partners. This exchange of documents between the two computer systems is termed Electronic Data Interchange, or EDI. However, the Uniform Communication Standard
First I want to start by saying XML will NOT replace EDI !!!
EDI Reference EDI stand for Electronic Data Interchange, and is being used for over 30 years in different industries al over the world. When EDI first started there was not internet and communication between computer devices was limited mainly to phone line. Companies from the Food Industries began using EDI due to the time and man power saving, and also in order to reduce errors that human usually makes when they create data.
EDI has been around for the last 30 years and has been giving all types of companies to exchange information electronically in a reliable way, with fast and easy methods of communicate between two different entities which have not conducted any business relations prior to the EDI system they both implemented.
EDI Services were born with the evolution that EDI went through in the past 30 years. After sending EDI through a land lines dial up modems and paying fix monthly payment to the VAN and also being charged based on the amount of data that the companies were sending and receiving, today in the internet age and in the past tem years or so, many companies started to offer their EDI Services with different capabilities and different EDI service options based on amount of EDI documents being transferr
Today, EDI market size continues to grow, while ASC X12 and EDIFACT data standards remaining the dominant standards in the B2B world. Also EDI transactions volume increase globally between 5% and 10% during the last 18 months.
Around 80,000 companies in the U.S. that have a gross income of 5 to 6 million U.S.D. using EDI systems, EDI Software, and estimates are that this is just 1% of the market potential. The e-commerce market is growing exponentially, and it expected to continue to grow during the coming years. In the year of 2008 estimate are that the market will be to be worth between $3 and $7 trillion. The EDI market potential for supply chain management software packages
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How can you find out if your EDI Investment produces a positive ROI?
First I want to start by saying XML will NOT replace EDI !!!
EDI and other similar technologies save a company money by providing an alternative to or replacing information flows that require a great deal of human interaction and materials such as paper documents, meetings, faxes, etc. Even when paper documents are maintained in parallel with EDI exchange, e.g. printed shipping manifests, electronic exchange and the use of data from that exchange reduces the handling costs of sorting, distributing, organizing, and searching paper documents. EDI and simila
Short for Electronic Data Interchange, the transfer of data between different companies using networks, such as VAN’s or the Internet. As more and more companies get connected to the Internet, EDI is becoming increasingly important as an easy mechanism for companies to buy, sell, and trade information.
Short answer is Yes!!! EDI is Growing big time!!!
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