The way businesses use technology is changing. Many organizations are becoming dependent on emerging technological models and finding themselves in a position where they have to consider new ways of maximizing the value of IT investments. Business process management software can help companies maximize the return on investment gained through IT investment by aligning social, mobile and cloud solutions with day-do-day business process requirements.
According to a recent Gartner study, IT spending is set to rise by the end of 2013, signaling the growing need for achieving a return on investment.
Looking at IT spending
The study found that global IT spending will climb to approximately $3.8 trillion in 2013. This represents an increase of more than 4 percent compared to 2012, and is indicative of the changing IT climate.Richard Gordon, managing vice president at Gartner, explained that plenty of economic issues stillimpactcorporate spending. The U.S. fiscal cliff issue was resolved, but it still had some adverse economic implications. At the same time, Cyprus is now facing a major debt crisis. While these economic challenges have led to some spending limitations in a variety of areas, they will likely be addressed quickly, and most organizations are still prioritizing strategic IT spending.
John Lovelock, research vice president at Gartner, said that new technological developments are having a major impact on how IT departments spend their money.
"The global steady growth rates are a calm ocean that hides turbulent currents beneath," said Lovelock.The Nexus of Forces social, mobile, cloud and information are reshaping spending patterns across all of the IT sectors that Gartner forecasts. Consumers and enterprises will continue to purchase a mix of IT products and services; nothing is going away completely. However, the ratio of this mix is changing dramatically, and there are clear winners and losers over the next three to five years."
Using BPM to capitalize on technology investments
BPM software gives organizations the capability to align their operational processes with the cloud, mobile and social technologies that are becoming more important in the enterprise. This can prove incredibly valuable for companies because cloud, mobile and social solutions are incredibly disruptive. They change the way IT functions and how technology is accessed across an organizational landscape. As a result, having process-focused solutions in place to handle the rise of new technologies is integral to creating a return on investment.
Cindy Cheng
Director of Product Marketing
