Intelligent Business ProcessIn business, data is your lifeblood. However, the sheer magnitude being produced every day is staggering. According to Eric Schmidt, CEO of Google, the world creates 5 exabytes of data every two days – roughly the equivalent of what was created between the dawn of civilization and 2003!
This “big data” is increasingly becoming a critical competitive differentiator for companies who know how to use predictive analytics to optimize business decisions. Accordingly, Business Process Analysis is undergoing major changes. One of the most significant is the use of real-time data analytics within business processes themselves to optimize performance and improve outcomes.
Enter BPA 2.0: Intelligent Business Process. Since data supporting these processes comes from many sources (including social media), IBP’s are linked to a company’s big data.
“US demand for information services is expected to exceed $600 billion by 2015.”— Accenture
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