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Your BPM is a crucial aspect of digital transformation, but it requires a significant amount of collaboration and coordination with departments and key decision makers before you can integrate your technology and business processes. You can make operational improvements and increase productivity across your entire organization with BPM, but you need to know how to optimize your BPM performance to get the maximum benefit.
Even the best business process enhancements can fail without a smart business process management (BPM) strategy. As companies expend large sums to undergo unprecedented levels of digital transformation, the cost of failure is growing exponentially, bringing BPM to the front and center of corporate conversations.
BPM (business process management) focuses on improving management through use of digital technology and applications, and organizations rely on this BPM software to become more efficient, effective and capable of change. Digital transformation is effectively the investment in BPM software and newer business models to improve sales and market value.
Content is frequently referred to as the king of the new digital landscape, but content as currency may be a more accurate descriptor. With cost no longer being a factor, digital information has become essential for growth. Information may not have reached the point of replacement for the dollar, but its value continues to increase as it flows from one network to the next.
Big data holds big promise for businesses large and small. The potential for this type of information processing depends entirely on your company's ability to best manage the data to its advantage. Unfortunately, big-data apps and processes sometimes end up creative massive headaches that rival the sheer volume of the information they generate. Could Business Process Management (i.e. effective organizational workflow) be the solution?