Meaning ● Data Interoperability SMB defines the capability of systems and software within Small and Medium-sized Businesses to seamlessly exchange and utilize data, irrespective of the application or vendor. This is a vital aspect for SMB growth, automation, and implementation of new technologies, because when systems communicate effortlessly, SMBs can gain considerable operational efficiencies. Data Interoperability becomes the underpinning for informed decision-making and the enablement of streamlined processes across business areas such as sales, marketing, customer service, and operations. In essence, achieving interoperability eliminates data silos, allowing for a 360-degree view of the business which is important for competing in the modern digital marketplace. ● Further, interoperability supports SMBs in meeting compliance requirements more easily. ● Finally, by reducing manual data handling and error, data interoperability saves time and resources.
