The importance of technology in business is changing faster than ever. Businesses are implementing technology-based solutions across the board. One of the biggest problems, sometimes unnoticed, is the issue of maximizing your investment into information technology for your firm. A streamlined business process management approach is important to achieve just that.
The Growth of IT Investment
Gartner recently released a study predicting worldwide IT spending will reach $3.8 trillion in 2013, an increase of about four percent from 2012. This is not necessarily surprising, but the weight of this industry should not be forgotten. One of the biggest factors leading this prediction is the pace of new technological developments. John Lovelock, research vice president at Gartner, also states that what he calls the “Nexus of Forces” – social, mobile, cloud and information – are reshaping these spending patterns as well. This field will be changing a lot over the next 10 years and there is much to look out for.
Taking Advantage of BPM to Maximize IT in Your Firm
Business Process Management tools are designed to improve the efficiency of your organization and how it interacts with IT. This constantly changing field may lead to disruptions in your organization’s workflow. Technology is one of the most valuable assets to a company, however it must be made certain that it is used correctly. Keeping in mind the future of IT, having the proper implementation of a BPM tool in your organization is fundamental to a successful return on your IT investment.