BPM Critical as Cloud Analytics Rise

Cloud computing is evolving to the point that more organizations are using the technology to support analytics efforts. With this move underway, businesses need to seriously consider how they will integrate data, processes and applications to ensure users can leverage analytics functionality in the most efficient way possible. Business process management software can play a vital role in helping organizations connect information across a variety of process and technology channels, empowering workers to get the job done as efficiently as possible.

Looking at the rise of cloud analytics  According to a recent study from ReportsnReports, many organizations are working to align their cloud and data analytics strategies in order to more effectively track and analyze data created on channels like social media. This has led to the growing markets for data analytics and cloud computing to effectively crash into one another, leading to significant potential for expansion. The study predicted that the cloud data analytics market will rise at a compound annual growth rate of approximately 26.29 percent during the period of 2014 to 2019.

The news source explained that data storage requirements are expanding at a meteoric pace, creating huge capacity demands across a variety of industries. However, storing this data is not enough. Companies also need to be able to manage databases effectively, delivering information to end users and gathering data from a variety of sources. Cloud computing provides the scalability, manageability and communications functionality that organizations need to handle these challenges.

BPM can help companies maximize the potential of cloud analytics.

Using BPM to maximize the value of cloud analytics BPM tools play a critical role in helping organizations use data effectively, especially as companies can increasingly use a process management system as an application delivery platform. This ability to build robust process functions into apps and services without coding frees organizations to quickly and seamlessly connect users across organizational boundaries.

Big data will become a cost sink if businesses are unable to adequately put the information they collect into action. Cloud computing provides the infrastructure and software capabilities needed to reduce the costs and complexity of big data, but that will not necessarily have a huge role in helping users maximize the technology. Process management technologies that connect operations and data between users can have the direct impact on day-to-day operations that businesses need to ensure big data has a positive impact on their bottom line.

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Business App Laws CIOs Should Follow In 2015

Technology is constantly changing. Best practices one year may be obsolete soon after. Here are 5 Business App Laws CIOs should follow in 2015.

First – If your apps are missing mobile capabilities, it’s a legacy product. Users want to be able to move seamlessly between platforms.

Second – Changing workforce demographics also increase the emphasis on social collaboration. By 2025, Millennials will be 75 percent of the workforce, and much of the remaining workforce will be Generation Y.

Third – There can’t be such a canyon between cloud and on-premise applications. Creating and running apps in the cloud brings cost benefits, and being able to make them on-premise adds flexibility and reduces risk. But on-premise-only systems are becoming dinosaurs.

Fourth – Across the business, give employees the 360-degree awareness they need to make good decisions. Poor data access translates to poor decisions.

Fifth  – Companies need to ensure that they aren’t creating tomorrow’s problems with today’s technology solutions. CIOs should look for future-proof applications without rigid coding demands, so new updates can be incorporated when needed.

With these laws as a guide, every employee can be more productive, engaged, and drive greater business value – which should be the one law every business app puts above all.

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Utilizing Strategy and Technology

With BPM platform solutions becoming more popular as organizations streamline processes, the key to continued success is making sure that strategy and technology are aligned for the greatest impact.

In fact, the global BPM industry is poised to grow at a compound annual rate of more than 15 percent through 2018. But, companies must make sure they utilize the technology to its fullest potential.

The key is to make sure that companies don’t lose sight as to why they implemented a comprehensive BPM platform solution in the first place – to automate, integrate and optimize processes in order to help users work as efficiently as possible.

At the same time, organizations need to not just focus on the technology, but also integrate their core principles into a customized software package so that it works for everyone across all departments and silos. This means unifying the foundation of the technical functionality of the software so it aligns with a business’ goals and strategies.

By standardizing and unifying processes into their BPM platform, users can collaborate on all levels, which means users will perform more effectively and organizations will maximize their return on investment.

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