Business Process Management (BPM) has become a must in large corporations with complex series of actions and different assignees and assigners.
There are many repetitive processes in various organizations that happen during a business day. The optimization of these processes creates a competitive advantage for the company that automates them and allows its employees to work more efficiently, as they are going to save time and reduce costs.
Business Process Management (BPM) Trends
As the business environment changes, the BPM industry needs to change as well and follow the trends that currently exist in the market.
1. Low-Code App Development
Companies have started building their own applications. Even if the platform that they have chosen has extreme functionality, decision-makers tend to select platforms that allow them to build applications with fewer efforts. Additionally, there are companies that do not employ developers in their departments, thus it is very hard for them to use a BPM platform that is functional but needs lots of efforts of coding. Comidor Is a Low-Code Platform that allows users to design and run their Business Apps without coding knowledge.
2. Robotic Process Automation (RPA)
RPA tools are vital for the operations of a company. These tools give the opportunity to connect internal processes with external ones. The most important feature of RPA is that complex coding is eliminated, and manual processes are not held anymore. Processes are orchestrated and automated easier as human interaction and system activities are combined. Check out how Comidor supercharges your business with the assistance of the RPA technology.
3. Smart Contracts
Smart contracts develop another trend in the BPM industry. Processes that are powered by smart contracts can be executed faster as the conditions needed in a workflow are performed automatically. Having said that, human interaction is not needed and as a result, the volume of the workload that employees need to produce is decreased. Read about how the blockchain technology empowers your company.
4. Artificial Intelligence
Artificial Intelligence (AI) makes BPM platforms smarter, as it continuously evaluates data in order to make better estimations and provide greater forecasting indicators. These indicators would assist the decision makers in a company to achieve better corporate performance. Additionally, this data-driven process enables proactive behaviors that are based on better knowledge of industries/products/competitors.
5. Extended Collaboration
Effective Collaboration increases productivity and makes workflows run faster. BPM platforms need to integrate all the collaboration functionalities that are necessary for an organization to operate. Some of them are content and file sharing, internal communication, personnel management, issue management, etc. The better the employees collaborate, the more value they create. This value can be translated in terms of cost reduction, higher productivity and customer satisfaction.
There are already many indications of the essential trends that are going to evolve the industry. It is important that BPM vendors integrate those features in their systems in order to make them more scalable. There are additional BPM software features that you can get the best out of them. Comidor reshapes the BPM industry by integrating emerging technologies that provide Machine Learning and Artificial Intelligence capabilities, leading to better data management and business scaling.