It will only take three years for nearly three quarters of the “most profitable companies” to manage their business processes using real-time predictive analysis and extreme collaboration according to the analysts at Gartner.
One of the more prominent trends in business process management is the rise of Intelligent Business Operations where processes are cognizant and can “learn” from interactions, the context and situations around them. As a result, analytics can be applied in real-time, actively or on demand to predict the outcomes of potential changes.
Speaking ahead of the Gartner Business Process Management Summit 2013 which will be held on 13 and 14 March in London, Jim Sinur, research Vice President at Gartner said that "The impact of integrating real-time analytics with business operations is immediately apparent to business people because it changes the way they do their jobs".
He added, "The most dramatic change is the increased visibility in how the company is running and what is happening in its external environment. Individual contributors and managers have more situational awareness, so they are able to make better decisions faster."
This, according to Mr Sinur, means that organisations empowered with real-time analytics and decision management capabilities should perform better because they are more agile and more responsive to a changing environment than their competition.
ITProPortal readers can register to attend this event at europe.gartner.com/bpm and get a €300 discount off by entering GPBPM1.