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EDI – Dead or Alive?
Electronic Data Exchange (EDI) is dead; it just doesnt know it yet. ... At the very least EDI is overshadowed. ... Richard Wheeler, in Insurance Brokers Monthly and Insurance Adviser (Wheeler, 2000), takes an optimistic look at the state of EDI, at least within the UK insurance industry. To be fair the article and his views are over two years old, yet the problems with EDI were certainly recognized in this time frame. Nevertheless, he does make some good points, particularly about utilizing existing infrastructure and the entrenched position, although shrinking, that EDI holds in large organizations.
To substantiate his views, Wheeler presents the fact that 78% of motor EDI, which refers to automotive insurance, is communicated via a mature EDI infrastructure. He presents this as evidence of well being, yet, he tends to brush off the other information presented that reflects the bleak acceptance of EDI in the commercial and household markets. He sees the glass half full, well at least filling, without noticing the large leak in the EDI vessel. ... Wheeler is an independent consultant specializing in EDI for insurance brokers perhaps this is not too surprising.
This is not to say the EDI is not a good idea, but rather EDI is an inefficient, or at best a dated implementation of a good idea. The core idea behind EDI is to create an exchange of accepted data structures so that organizations with different information systems can pass documents and related information back and forth without having to worry about the forwarding or receiving applications that manipulate those documents, and the data that the documents contain.
Approximate Word count = 1220
Approximate Pages = 4.9
(250 words per page double spaced)
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