Using BPM and Business Analytics Together
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Overview: In today’s dynamic market environment, agility separates the most successful businesses from those that simply get by. The networks that make up these agile businesses—networks of employees, partners, functions, customers and suppliers—must constantly adjust to rapidly accelerating change, both out in the marketplace and within the business itself.
The business ecosystem is filled with examples of accelerating change and growing complexity. Advances in technology lower the barriers to entry, resulting in increased competition. Global labor pools are becoming increasingly available, at changing costs. Capital markets are constantly restructuring. And new economic powers—such as Brazil, Russia, India and China—are emerging.
The need for deep Business Intelligence (BI) is imperative: people within the dynamic network must be able to access relevant information and data, and act on it. An IBM CIO Study shows that organizations which make the relevant data available to the right users are 61 percent more likely to be successful high growth companies. Yet CIOs struggle with this business imperative. Nearly one in three business leaders still make decisions without access to relevant and trusted data, and users spend close to 20hours per week searching for data.