What is It About BPM Today?
Recent advances in BPM methods and tools have provided organizations with the means to achieve new levels of operational performance. So, why do companies struggle attaining the improvement they read about in articles and see in presentations?
Emerging techniques of automation including RPA, Hyper-automation, emerging AI analytics and other current technique pint to more efficient and effective use of process management. Analysis for Intelligent Automation differs somewhat from analysis for Robotic Automation. However, the analytics are the same.
Why You Do it:
There are several benefits the accrue from enhanced BPM efforts today:
- Increased operational efficiency
- Cost savings through automation
- More insight through digital transformation
- Better customer satisfaction
- Greater flexibility and adaptability
- Improved compliance and risk management
BPM enhances operational efficiency by improving the way work is done across an organization. It reduces costs, eliminates redundancies, and ensures processes are continuously optimized for peak performance.
One of the key reasons for outcome shortfall is the lack of efficient and effective business analysis that identifies the opportunities for change.
Related to the analysis issue are 3 key barriers to BPM success:
- Resistance to change
- High analysis and implementation cost
- Sustaining improvement efforts