BPM Trends 2024 - The future of BPM

Excerpt

Business Process Management takes center stage in one of the most significant technological trends of our time – the modernization of businesses through process-driven transformation. But how will BPM evolve? In our whitepaper, we present five trends that will continue to strongly influence BPM in 2024:

1. The Synergy of AI and BPM in Modern Businesses
   Artificial intelligence (AI) has undergone remarkable progress in recent years and has found widespread integration across various business domains, eventually filling the entire corporate landscape. The deployment of AI in process management has opened unprecedented opportunities for enhancing efficiency and addressing complex challenges. It already shows significance in accelerating business process transformation, serving as a major tool for the upcoming era of innovation, operational excellence, and...
    
2. Interoperability and RESTful APIs
   In a world where software has taken over industries, seamless interoperability of systems and transparency of all embedded applications are at the forefront. When acquiring new applications, businesses must carefully consider their compatibility and interoperability within the larger technological ecosystem. As digital tools like no-code/low-code automation, digital twins, AI, etc., are widely used, systems need to connect seamlessly, share data securely, and operate at scale. So, what serves as the bedrock of this interoperability among applications? The utilization of REST APIs...
    
3. Interlinking BPM and GRC
   The challenges that defined the previous year have not only endured but have grown in complexity, accompanied by a wave of regulatory requirements. Operational resilience, far from being a buzzword, is more important than ever. The current environment demands levels of transparency, an overwhelming amount of information, and seamless data flow. Consumers have become thorough evaluators, holding businesses...
    
4. Green BPM: Pioneering Sustainability For A Benevolent Enterprise Future
   The urgency of sustainability is omnipresent. Organizations face growing pressure to evaluate their environmental impact, adopt eco-friendly practices, and maintain operational transparency. Green BPM offers a systematic approach to identify, evaluate, and enhance business processes with sustainability and environmental objectives in mind. The looming threats of species extinction, escalating CO2 emissions, marine pollution and climate change have resulted in...
    
5. Streamlining Processes With BPM and No-Code/Low-Code
   Businesses are increasingly turning to innovative solutions to streamline their operations, and at the forefront of this emerging trend are Business Process Management (BPM) and no-code/low-code development platforms. While both employees and management are keen on leveraging the benefits of faster and more reliable processes via digitization and automation, there is a significant gap in the required IT resources. Fortunately...

In addition to detailed explanations of these BPM trends, we will also show you the respective benefits and illustrate how companies can profit from them. Read on and prepare yourself and your BPM optimally for 2024!