Turn knowledge into power
Maximise the value of BPM in your organisation with this special report.
Aside from death and taxes, one thing in life is certain; our demand and use of information is set to increase rather than decrease with each passing day.
Organisations of all sizes have thus far managed information flow in and out of the business via processes. Such processes vary in age and complexity and also in sophistication levels. Some exist only in the heads of workers dangerous if they leave while others are more formalised and written down or ingrained in staff manuals.
Regardless of how these processes manifest themselves, they all need to be managed. Trying to manage what's in people's heads or on pieces of paper is pretty much impossible. Capturing that information and documenting it using technology, however, is much more achievable and beneficial. However, it is only one step on quite a long journey.
Business process management (BPM) does exactly what it says on the tin. It enables you to blend technology with human expertise to improve workflow and ensure key stakeholders have visibility and control of processes both now and in the future. The end result is improved data flow and collaborations, greater efficiencies and big savings.
Howeer, even the most savvy of businesses are not immune to BPM unawareness. Indeed, some $488 billion is lost by Fortune 500 companies each year thanks to process inefficiencies, according to an IBM thought leadership whitepaper entitled Push your business process management initiative to the next level, into the cloud.'
Without getting a handle on existing processes, it's hard to work out what needs tweaking or adding. To this end, some companies will find that, although they can still carry out day-to-day activities, innovation stagnates and they can't move forward. Once a company has grasped the basics of BPM and carried out a pilot project to test the theories against the realities, the premise can be extended to other areas of the business to generate even great value for all concerned.
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