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SofScience Technologies |
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What the Industry Experts Say |
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BPM evolved from a technical tool to an all-penetrating strategic
direction in business use of IT. This
area of technology, which is broad and, at times, confusing, has important
industry implications. (Yefim V.
Natis, Gartner 2003) Like business activity monitoring elsewhere, powerful BPM is the
prize that enterprises earn for their investment in application
integration. Every enterprise will go through this process, but those that
see it sooner and invest a greater commitment will become the industry
leaders. Creative and agile management of information will emerge as a
distinct characteristic of industry leaders, just as creative and powerful
management of financial assets has always distinguished leaders in the
past. (Yefim V. Natis, Gartner 2003) Meta
Group says 85 percent of respondents to its recent business performance
management (BPM) survey indicated that they will have a BPM solution
underway within the next 18 months. Just 15 percent indicated they had no
plans for BPM. Meta Group defines BPM is an integrated management approach
that includes Web-based analytical applications (to gather and analyze
data), business plans to achieve desired metrics and the necessary
reporting and forecasting to ensure performance goals.
(CIO
Magazine , September 2003) Standards
bodies and software vendors are putting the final touches on a number
of Web-services specifications that could revolutionize the way companies
collaborate. While the technology that underlies each of the new specs
marks up data similarly to XML, its capabilities go far beyond that of
XML. "This
(BPEL) is something weird and different," says Howard Smith, CTO
at Computer Sciences Corp. Europe. “ It's not Web services, it's not
the reinvention of workflow, it's not process-management workflow, it's
new. It unifies those things. It's like taking the best of every other
paradigm and building a nice new model…..This stuff is what's going
to lead to a significant acceleration of the way we invent and deploy
processes." Information Week 11/2002 Enterprises
should begin to take advantage of explicitly defined processes. By 2005,
at least 90 percent of large enterprises will have BPM in their enterprise
nervous system (0.9 probability). Enterprises that continue to hard-code
all flow control, or insist on manual process steps and do not incorporate
BPMs benefits, will lose out to competitors that adopt BPM.
Through 2008, BPM suites that package agile business processes with light
integration will effectively compete with other technology suites For the Fortune 2000 companies, the quest to implement the best business process management (BPM) solution is becoming highly desirable—akin to acquiring the “holy grail” in any given industry. BPM promises to streamline internal and external business processes, eliminate redundancies, and increase automation. –- IDC Businesses need to constantly adapt their processes, yet they are often held back by static IT systems that arent designed to exploit future opportunities. Business process management is a new change management and systems implementation methodology that overcomes this problem. - Ovum. |
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