iBPM in Malta and why every company needs to investOctober 26, 2020
Written by Sondos Kablan, Marketing & Business Sales Executive at Wyzer.ai
In today’s day and age, we see a digital shift happening in the world. Companies from different industries are now relying on cutting-edge technologies to increase different benefits such as productivity, efficiency and decision-making.
Data is ever-growing and it is critical for every company to store and handle data correctly. Collecting data in paper format should be a thing of the past and paperless is the way to go. For instance, one of the most time-consuming tasks that can be done is for a client to fill in forms and then wait for the process to begin, so the form would be checked, physically handed to more than one person to be approved, signed by high authorities and back to the client. This time-consuming process can be drastically shortened and run smoother through iBPM. iBPM stands for Intelligent Business Process Management. This intelligent workflow automation will dynamically change the start-to-end processes for the better.
iBPM was first introduced in 2012 by Gartner and was predicted to be the next big thing in the BPM software domain. BPM has evolved into something greater that is called iBPM. As the name states, it adds additional intelligence and cutting-edge technologies to the BPM and taking it one step further. Intelligence includes incorporating RPA (Robotic Process Automation), cloud computing and machine learning into processes. The purpose of iBPM is to have better automated processes and to improve efficiency.
An iBPMS is an integration of cutting edge technologies which connect, people, machines and also provides traditional BPM requirements. IBPMs can transform a business as it comes with numerous benefits such as:
- Provides intelligence and optimisation for specific organisational processes in any industry.
- A platform that would allow a more advanced level of collaboration between departments of the company throughout the whole process that would increase optimisation and efficiency.
- Supports integration of various middleware and back-end technologies. Thus, this would allow the companies to move their products and offerings to market quicker.
Companies of all sizes can reap benefit from IBPM as it can tackle problems through its cutting-edge technology to automatically analyse data and optimise workflow automation. This software seamlessly incorporates multiple applications into workflows. There is no need for for a whole team of programmers to integrate different technologies into a traditional BPM when any employee from the company can simply create a customisable process modeller themselves with a low-code solution.
With the incorporation of the new technology, like event-processing and predictive analytics into workflows, data processing time is radically reduced. iBPM is a problem solver and is able to predict problems and changes the workflow correspondingly based on real-time data. This expands the scope of BPM software to automate processes that are prone to exceptions. It also generates more data about changes made to continuously improve processes. This way, process data continuously feeds back on itself so workflows are constantly improved over time.
iBPM software is rapidly growing in the market whereby companies of different sizes are investing in this technology to grow their company in the right direction through intelligent automation. Malta is a small country, yet has the biggest potential for this shift. iBPM software can dynamically change processes to run smoother and quicker. This is the future for all businesses, to automate and optimise their processes through iBPM.
If you would like to learn more about our Workflow Automation SaaS, visit our product page. You can email us on email@example.com or contact us through our contact us page on http://www.wyzer.ai