It’s the beginning of a new year and I am truly looking forward to all the exciting changes that 2022 will bring. As organizations continue to recognize the competitive advantage driven by better process, we will see the need for business process management (BPM) solutions multiply.
In fact, the recent report from Mordor Intelligence shows the BPM market growing more than 40 percent over the next few years. Of course, while growth is an important part of the whole picture, there will be a lot going on within that story.
1. Market Growth – Driving growth originates partly from the demand for better process. Why better process? Because organizations must improve their ability to change and be flexible. However, the long recovery from the Covid-19 pandemic, including supply chain disruptions, the extension of telework, and other business challenges also play a part. Organizations are always looking for ways to cut costs and refine process, but with an ever-evolving new normal, the old journey maps will need regular updates.
2. Innovation – High achieving enterprises prioritize innovation to outpace competitors and better serve their customers. Process excellence is the foundation of innovation success. Armed with the learning from past digital projects that failed to deliver their intended results, I see a renewed focus on better process management to enhance transformation. Organizations will continue to merge, acquire, and integrate. We are all going to be looking to expand on existing capabilities with advanced modeling and process mining as key areas of focus. Partnerships prove the sum is greater than the parts, with innovation separating the leaders from the followers in this case. Who’s ready?
3. Thought Leadership – The aftermath of the Great Resignation will see skilled workers, subject matter experts, and influencers vying for bigger opportunities to drive change. Smart leaders will leverage BPM in new ways to deliver greater business benefits. Best practices will be questioned, and novel processes will emerge – This is going to get good!
The team at iGrafx always has eyes on the next horizon and this year is no exception. We are excited to share all the great news with you in 2022 and beyond!
Ready to learn more about the iGrafx business transformation platform? Contact us today for more information, or a personalized demo.
We can’t wait to meet you,