BPM (Business Process Management) software has gained immense acceptance, and now its iBPM which is garnering acceptance and appreciation from the people hailing from different industrial niches.
Even, Gartner has identified iBPM as a superior practice to the operational intelligence platforms in various ways. iBPM suites offer much better adaptive case management, workflow and structured process orchestration abilities. However, the alerting and monitoring capabilities are less robust.
Fundamentally, iBPM is actually the BPM which has been beefed up with complex event processing, analytics and knowledge worker collaboration. The fact that iBPM has the capability of bringing together the different forms of intelligence while using cloud and business platforms. This implies that iBPM supports the full cycle of process design, analysis, discovery, execution, implementation, optimization and monitoring.
iBPM as a critical strategy
As per an expert, the fact that iBPM is delivering some concrete and real results imply that it is a critical and precarious part of executing the business strategy. He also said that although the leaders know that they possess a decent strategy, but they are fighting to get their individual strategies executed, the thing at which iBPM excels at.
As per a report developed by Gartner, iBPM is posed to provide unmatched support to the “big change” initiative. By integrating on-demand and real time analytics with the social process centric collaboration and business rules, iBPM fosters the process adjustments and the agile processes.
The report also stated that iBPM implementation approaches to the cross-functional, broad process coordination can completely transform the way the enterprise works, impacting its management approaches and culture.
A move that went in the favour of iBPM is the standards adoption. The DMN (Decision Model and Notation) standard makes the processes much more intelligent so that they can act on the behalf of the company automatically. One of the experts even said that we will witness a big uptick in intelligent processing as now people possess a way of modelling decision making in this process.
So, it can be said that iBPM is here to stay and revamp the way the businesses used to function.