Enterprises have
embraced BPM and have optimized their business processes making their
enterprise efficient, agile & adaptive. Business users have most intimate
knowledge about the business operations and understand the process improvements
required. Business-driven process management lets them manage the design,
execution and improvement of business processes. The targets for BPM are the processes that are most important to creating value, those that will yield tremendous benefits if optimized, those that most need to rapidly change and evolve to keep pace with competitive markets. So for large enterprises moving to service based design and degree of process automation of high value processes will provide high business value.
New BPM - Business and IT collaboration and
business empowerment are necessary so that business applications can keep pace
with fast changing world. Today no body talks about Service Oriented
Architecture & Service Oriented Design because they are now integral part
of the IT standard guidelines and critical for success of any enterprise
application. The new entrant Blockchain Distributed Ledgers on the other hand, creates a
business network which can spans across enterprises, introducing
disintermediation, distributed ownership and the risks while enabling near-real
time exchange of data that can help enterprise in making faster informed
decisions. The value add of blockchain is that it would provide means to prevent
erroneous or outdated data within the business process. Blockchain
adoption will impact existing business processes and they will have to be re-engineered to use Blockchain
but it will have a positive impact by further improving quality, agility, trust and networking across business entities.
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| The New BPM |
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