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Business Process Management: Applications
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Business Process Analytics is the next stage of Business Process Intelligence (BPI) and refers to the application of various measurement and analysis techniques in the area of Business Process Management. The first step -- business process discovery -- was the main focus of last year's workshop and speakers will discuss how to integrate discovery techniques with analytics for even greater understanding of business problems and their impact.
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Delphi Group, a global business advisor on business and IT, has published a Market Milestone Report on Business Process Management (BPM) which evaluates Staffware, a global leader in BPM software, and provides an overview of the market. The report, suggesting that BPM is one of the fastest growing categories in the software world, indicates a $550 million market for BPM in 2003, with growth rates of between 15 and 30 percent over the next three years. Delphi's report states, "the real value of BPM is the ability to define and execute business processes independent of applications and infrastructure." BPM is ... described as the final great boom of the software industry, and the last frontier for generating value from IT infrastructure. The report was drafted following interviews with 500 organisations. Enterprise-wide process redesign was seen as the number one driver for BPM deployments.
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Progress is a leading provider of service infrastructure software that helps to simplify the deployment and management of business applications, many of which can help to optimize process improvement initiatives. Progress Sonic ESB® is an enterprise service bus that provides optimal support for a service-oriented architecture. Sonic ESB simplifies the flexible reuse and integration of applications and information assets by dynamically configuring their reliable connection, mediation, and control. With Sonic ESB, all connected resources are made broadly available for interaction with other services. Progress ... offers Apama® ESP Platform, the industry's leading event stream processing platform that allows enterprises to monitor and manage data in real time, providing faster feedback for benchmarking and metrics, so operations can be optimized more quickly. With superior flexibility, scalability and functionality, Apama and Sonic ESB – as well as other Progress products – have become the business process management software of choice for enterprises throughout the world.
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The inability of organisations to link corporate strategy to actual performance has given rise to a new category of business intelligence (BI) software dubbed 'business performance management' (BPM). BPM promises to deliver strategic cross-functional alignment across an enterprise's operational boundaries – in other words setting benchmarks on performance levels to determine where you stand now, against where you want to be. BPM is now seen as an evolutionary successor to BI and a bevy of vendors are (re) positioning their tools and applications under the BPM banner. Much of the market confusion surrounding performance management is caused by the terminology being bandied around. "There's an alphabet soup of acronyms; everyone and their grandmother is claiming to do BPM," says Roman Bukary, director of product marketing at SAP. BPM (business), CPM (corporate), EPM (enterprise) and SEM (strategic enterprise) are a few of the TLAs competing for mindshare, around which a raft of traditional BI suppliers, BPM specialists and mainstream ERP providers are aggressively pushing their own flavours of performance management.
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Built on an open, standards-based, hot-pluggable architecture, Oracle Business Process Analysis Suite can be used to model business processes that can be deployed with Oracle and non-Oracle J2EE application servers and packaged applications, such as SAP. The Suite is ... uniquely optimized to support Oracle Applications including Oracle E-Business Suite, Oracle's PeopleSoft Enterprise and Oracle's Siebel applications. Oracle Business Process Analysis Suite consists of the following four components:
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All the business process management suites have a broad range of features. They all provide superior benefits. And they all handle a wide variety of applications. With the market wide open, vendors are trying to satisfy a broad range of needs. However, this complicates the choice of a BPM suite.
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