How the cloud is changing BPM [Video]
With the need for increasing business agility, many companies are turning to the cloud to deploy software platforms.
According to research from MarketsandMarkets, processes as a Service – for example in sales, finance, human resources, operations and marketing, – are expected to grow across all major verticals, increasing from $1 billion this year to more than $7 billion in 2018.
In addition, MarketsandMarkets further expects that the integration of these process solutions within the existing organizational framework of companies will further help the growth of businesses while at the same time ensuring compliance and regulatory standards.
Some of the driving forces behind this growth are the deployment of automated and software driven outsourcing and the growing need for cost-effective business process management and the continuing trend of employing cloud computing technology.
There are many advantages of cloud BPM deployment including portability, which of course gives companies the flexibility they need to make business decisions regardless of their physical location.
And although the adoption of cloud BPMs has been relatively slow in the past, companies are expected to eventually embrace these solutions because they give businesses the agility to change, as well as help identify what to do and how to do it in order to stay competitive.