In recent years, the Business Process Management (BPM) market has seen impressive performance from IBM, Pegasystems, Oracle and various other technology industry leaders. Top BPM players have posted solid financial results and organizations who have implemented BPM solutions have started reaping significant ROI. According to IDC, a technology market research firm, in 2010 revenues from BPM and middleware totaled nearly $16.1 billion, representing a growth of 9.2% compared to a growth rate of 2.2% in 2009. Extended adoption, standardization and consolidation in the BPM vendor offerings are key reasons for this positive trend.
Riding high on the wave of success, speculations about the future of BPM have begun to emerge. It’s only too obvious to imagine, how the emerging and fast mutating technologies of mobile computing, cloud architecture and social networking would impact business processes in organizations and effectively the evolution of BPM.
Here are some key trends I have been involved in discussions with various technology executives regarding BPM. The following trends are helping to expand the adoption of BPM and the scope of BPM initiatives:
- BPM Solutions are not only used for process automation and process improvement initiatives but also as a mechanism for standardizing, optimizing and formalizing business processes.
- Availability of specialized cloud offerings from various BPMS vendors are making it easier to start with BPM initiatives
- Expanding inflight BPM implementations to include new points of engagement tied to “mobile” and “social” platforms.
- Case Management combined with BPM is helping figure out an easy way to help deal with collaborative and unstructured processes.
Where is your organization at in your BPM journey? Are you leveraging or planning for any of these as part of your BPM initiative? If not please start considering them
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