Traditional business functioning has come a long way since the advent of industrialization. In addition to the transformation brought by the technological wave, the dynamics of running and executing the business operational model has also seen a considerable change. Companies today have come down to realize the need to follow an integrated operations management system that governs the corporate performance by managing and optimizing the company's business processes and resources while ensuring a steady growth in productive value. This process optimization system is also referred to as Business Process Management (BPM) in the corporate universe. This methodology today has been adopted by most organizations to manage their cost and to generate higher revenue. BPM provides the benefit of being able to simulate changes to business processes based on real-world data. The coupling of BPM to industry methodologies allows users to continually streamline and optimize the process to ensure that it is tuned to its market need.
BPM today is considered a critical component of operational intelligence (OI) solutions to deliver real-time, actionable information and make executive decisions. Moreover, with the introduction of Cloud Computing and IoT, the efficiency of business optimization has further improved. However, the BPM industry analysts predict how BPM companies in the future will take measures to reduce technology options and, instead, rely more heavily on processes, checklists and repeatable methods to create desired behaviors. Organizations will use processes that are easy to build, customizable, and managed by the business users themselves, reducing the reliance on IT. This evolving landscape of the BPM space showcases the immense potential of the industry along with opportunities it can create in the future.
The current edition of APAC CIO Outlook brings you “10 Most Promising Business Process Management Solution Providers” The list highlights some of the most prominent organizations of the industry. The proposed list aspires to assist individuals and corporations to find the right BPM solutions provider, who suits their specific requirements, and help them, accomplish their projects.