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Special attention is given to the type of integration engine and the type of integrated data.
We find that each type of integration activity has unique benefits and detriments.
To achieve each type of integration, a set of practices are highlighted.
Policy-makers should adopt the mechanisms that are suited to the type of integration needed.
The difference is that with the latter type of integration, data linkages make it unnecessary to exchange employees or create mutual ownership, as is common in keiretsu networks.
This type of integration minimizes the cost of implementing virtual objects and enhances the user's sense of reality.
The CMO Survey we referenced above shows that firms' performance on this type of integration has not improved over the last five years, challenging companies' ability to answer the most important questions about their customers.
Meta data requirements for this type of integration are developed and a number of application examples are shown, growing in scope towards generic architectures.
We find that intermediation always magnifies the gains from trade under the former type of integration, but leads to more nuanced welfare results under the latter, including the possibility of aggregate losses.
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Moreover, within the context of EMU, a method of integration that intends to settle problems one by one is no longer adequate.Simplification serves the objective of this type of integration-the assertion of a community methodology.
Open image in new window Fig. 3 Type of integrations in the different logistics sub-industries (% over total sub-industry FDI).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com