© Copyright Acquisition International 2024 - All Rights Reserved.

Article Image - Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024
Posted 9th May 2024

Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024

Boomi™, the intelligent integration and automation leader, today unveiled its vision for the company’s future, along with strategic acquisitions and key product announcements at Boomi World 2024. With more than 20,000 global customers and a network of approximately 800 partners worldwide, Boomi is leading the industry towards the future with a focus on integration and automation, API management, and data management, all made more important and powerful than ever with the emergence of the AI economy.

Mouse Scroll AnimationScroll to keep reading

Let us help promote your business to a wider following.

Boomi Unveils New Vision with Strategic Acquisitions and Latest Innovations at Boomi World 2024
Acquisitions

Boomi™, the intelligent integration and automation leader, today unveiled its vision for the company’s future, along with strategic acquisitions and key product announcements at Boomi World 2024. With more than 20,000 global customers and a network of approximately 800 partners worldwide, Boomi is leading the industry towards the future with a focus on integration and automation, API management, and data management, all made more important and powerful than ever with the emergence of the AI economy.

In his keynote, Boomi CEO Steve Lucas emphasized the transformative impact of integration platform as a service (iPaaS), spotlighting its pivotal role in enhancing speed, agility, and effectiveness across business operations. Lucas explained how Boomi’s iPaaS streamlines connectivity — seamlessly linking people, systems, devices, and applications — for building stronger relationships and enabling swift, informed decision-making through real-time data access.

But Boomi recognizes the opportunity to take connectivity even further, and to bring connectivity solutions to more companies in more areas of business and IT.

“Connectivity,” Lucas pointed out, “remains a critical challenge for almost every organization. The chief culprit is digital fragmentation, a byproduct of digital shifts that, paradoxically, lead to digital silos and disjointed technical architectures that leave the average enterprise now juggling over 364 applications and numerous API gateways.”

The emergence of the AI economy has further highlighted the challenges of digital fragmentation. “AI thrives on reliable, secure, and current data, yet too often, this data is fragmented, difficult to govern, and not securely managed,” Lucas noted. “What companies urgently need is a unified, enterprise-scale platform that not only bridges APIs, applications, data, and AI models, but also accelerates digital transformation.”

To address these pressing challenges, Boomi unveiled key announcements at Boomi World, including:

New Boomi Enterprise Platform Vision

Boomi has expanded and deepened the capabilities of the Boomi Enterprise Platform with:

  • Next-generation API management for the AI economy
  • An AI agent framework that provides out-of-the-box AI agents, pluggability for 3rd party AI agents, as well as the ability to automate AI orchestration workflows
  • Enhanced data management to support data quality, data lineage, and metadata management

Next-Generation API Management for the AI Economy

Joining Lucas onstage, Matt McLarty, CTO at Boomi, explained that “companies today suffer from API sprawl: API gateways are everywhere, and there’s no effective global view or management dashboard for discovering, governing, and securing them, let alone rationalizing API investments and promoting best-in-class APIs for adoption. The AI economy requires next-generation API management (APIM) that accounts for a fragmented APIM landscape and can handle the demands of enterprise-grade scalability and security that AI workloads place on APIM solutions.”

To solve this problem, Boomi announced the acquisitions of APIIDA’s federated API management business and API management assets from Cloud Software Group. Both acquisitions accelerate Boomi’s roadmap for providing solutions to the most pressing API management challenges that companies face today, allowing enterprises to rapidly and securely deliver business value through API products in one end-to-end enterprise platform.

Boomi AI Agent Framework

To accelerate innovation in the AI economy, Boomi introduced the Boomi AI agent framework, a set of integration and no-code development capabilities that enable business and IT users to run AI agents built by Boomi or Boomi partners, and to build and run their own AI agents to solve pressing integration and automation requirements.

Boomi introduced four new agents built into the platform that make use of the new AI agent framework, including:

  • Boomi Answers: Agent for providing prescriptive help
  • Boomi DataDetective: Agent for classifying data fields, protecting sensitive data like personally identifiable information (PII), and tracking where data is being moved
  • Boomi DesignGen: Agent for autonomously building integrations
  • Boomi Scribe: Agent for automatically documenting existing and built-by-AI integrations

In addition, the Boomi AI agent framework is open to third parties, and supports pluggable AI agents, allowing customers to integrate third-party AI agents into the platform via APIs or Boomi GPT.

In his Boomi World keynote, Lucas announced a strategic OEM agreement with Vianai Systems, a leading provider of conversational AI solutions for finance, and demonstrated one of the first third-party AI agents, Boomi FinTalk powered by Vianai. Customers can seamlessly connect to Boomi FinTalk powered by Vianai via Boomi GPT, leveraging Boomi’s AI agent framework. Using Boomi, the agent connects to sources of financial data in ERP systems, databases, documents, customers’ data lakes, and other data, and enables users to ask questions of their data through a natural language interface to discover and analyze financial data and trends in realtime, for immediate actionable insights.

“Technology and business leaders have struggled to leverage the power of generative AI in their enterprises due to the very real issues of accuracy and security, relevance to business users with domain-specific requirements, and the inability to query both structured and unstructured data and systems in natural language,” said Dr. Vishal Sikka, Founder and CEO, Vianai Systems. “With Boomi FinTalk powered by Vianai, we are solving these issues with Boomi’s vast integration capabilities and Vianai’s conversational AI application for CFOs and finance users, enabling real-time, accurate, and actionable insights to drive business transformation.”

Trusted Data Management

Boomi also announced Boomi DataHub, a trusted data foundation for operational, analytical, and AI workloads. A high velocity, high quality data access layer, Boomi DataHub provides master data management, integration pipelines, and a framework that will expand over time to provide other data management capabilities, including enterprise scale movement and standardization of data for AI and analytics initiatives.

“Centralizing data has proved to be a dead end for companies,” said Lucas. “A better approach is to build connectivity, governance, and automation into the IT resources companies already have, taking advantage of AI to make this work faster and easier than ever before. With the Boomi Enterprise Platform, we’re giving customers the foundation they need for connecting and managing all their data, and for accelerating AI and API development. Using Boomi, customers can say goodbye to the digital fragmentation that’s been undermining their digital transformation efforts, and finally get the comprehensive visibility, control, and automation they need.”

Categories: Innovation, News, Strategy


You Might Also Like
Read Full PostRead - Eye Icon
How the Internet has Transformed Customer Service
Corporate Social Responsibility
24/02/2023How the Internet has Transformed Customer Service

The internet, in the past two decades, has transformed many aspects of life over the years, and some would even say practically all aspects. One area that has been forever changed is customer service as companies are now able to utilize the internet to provide

Read Full PostRead - Eye Icon
Proven Pedal Power!
Strategy
14/10/2021Proven Pedal Power!

As the world looks for green solutions, local governments around the world have been investigating ways of making their communities more environmentally friendly. PBSC Urban Solutions is a Canadian innovation that has grown into an astonishing success which le

Read Full PostRead - Eye Icon
CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition
M&A
06/05/2015CounselCorp Advises Aurobindo (Australia) Pty Ltd During Pharma Eris Pharma’s Acquisition

In a move to focus the growth markets, the Hyderabad-based Aurobindo Pharma has sold off its step-down subsidiary in Australia, Aurobindo Pharma (Australia) Pty Ltd, to Eris Pharma Australia Pty Ltd.

Read Full PostRead - Eye Icon
The Economic Impact of Hotel Development
Finance
10/08/2020The Economic Impact of Hotel Development

Whether a property is a small one-star hotel or a massive five-star place of luxury, it makes the community a better place to live. Dive into the economic impact of hotel development and learn why it's essential to the well-being of cities, states and countrie

Read Full PostRead - Eye Icon
Hyundai Heavy Industries and Scania Announce Partnership
M&A
20/04/2015Hyundai Heavy Industries and Scania Announce Partnership

Scania will supply engines for next-generation large excavators and wheel loaders made by Hyundai Heavy Industries’ Construction Equipment division, under a new partnership.

Read Full PostRead - Eye Icon
How Innovative Subtitling Solutions are Transforming Business Communication
News
03/06/2024How Innovative Subtitling Solutions are Transforming Business Communication

We’re way past those times when language barriers posed a challenge for business communication – subtitling solutions have made sure of that. You can now create content that’s accessible to everyone, increasing the chances of them interacting

Read Full PostRead - Eye Icon
Expert Advice When You Need It
Finance
06/06/2017Expert Advice When You Need It

Leading Advisors of the Year - Property Investment Advisor of the Year – UK award winner Intercorp Group is a privately owned high-level consulting firm, which provides tax, estate planning and fiduciary structure solutions to high-net-worth families. To cel

Read Full PostRead - Eye Icon
How Good Partnerships Promote Success
M&A
14/01/2015How Good Partnerships Promote Success

We, at Symphony Communication Services, are honored to receive Acquisition International’s Deal of the Year award.

Read Full PostRead - Eye Icon
Corporate Immigration and the Diversified Economic Age
Innovation
30/11/2015Corporate Immigration and the Diversified Economic Age

Anu Gupta has filed thousands of visa and green card petitions in the past 20 years, advising more than 10,000 individuals, entrepreneurs and corporate employers on immigration matters.



Our Trusted Brands

Acquisition International is a flagship brand of AI Global Media. AI Global Media is a B2B enterprise and are committed to creating engaging content allowing businesses to market their services to a larger global audience. We have 14 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience.

Arrow