Increasing business process complexity could lead to chaos
A new report shows 82 percent of organizations fear 'digital chaos' due to increasingly complex, interconnected, and automated processes. According to the report, a lack of control has increased compliance risks for 82 percent of organizations, while 77 percent report higher risks of core business processes failing.
The study from Camunda highlights that organizations now manage an average of 50 endpoints to execute tasks that are part of a process in their business. This is an increase of 19 percent over the past five years, and is contributing to growing business risk.
Microsoft introduces process mining to help drive business insights
Among today's announcements coming out of Microsoft Inspire is news that Power Automate Process Mining will become generally available to all channels on August 1st.
Using AI it will enable organizations to easily understand what is happening across their business, maximize process insights, use out-of-box recommendations to reduce the complexity of processes, transform operations, and drive continuous process improvement with automation and lowcode apps.
Emerging challenges and trends in the business process management
Business process management (BPM) ensures the ability to extend clean execution and delivery for all organizational outcomes. With more clearly defined and precise processes in place across the board, businesses are given tighter control over all value-added internal and external activities. When processes are streamlined and a company has solid management over them, it creates an opportunity to implement technology and make certain that all business methods are tech-enabled and strategically aligned to the respective marketplace.
BPM also lends itself to the speed of the business. In the past, big companies had a major leg up over small businesses and could easily gobble them up entirely due to size and reach alone. However, in today’s fast and dynamic business landscape, it’s the quick and nimble organizations that beat out companies that are slow-moving and inept to change, regardless of bandwidth.