Interoperability is crucial for businesses for several reasons:
1. Efficiency: Interoperable systems reduce the need for manual data entry and other repetitive tasks, freeing up employees to focus on more strategic activities. 2. Cost Savings: By automating data exchange and reducing errors, businesses can save significant amounts of money. 3. Improved Customer Experience: Seamless integration can lead to faster response times and more personalized services, enhancing customer satisfaction. 4. Regulatory Compliance: Many industries have regulations that require interoperability to ensure data is accessible, accurate, and secure.