Organizations of all sizes and industries have had to quickly and efficiently overhaul their business process management frameworks in the past few years as a result of the widespread technological transformations that have taken place. This is one of the reasons why Grand View Research forecasts the global BPM technology market to expand rapidly through the next eight years, predicting that organizations will spend in excess of $24 billion combined annually by 2024. However, while standard BPM software expands and evolves, businesses also need tools to go mobile.
Mobile BPM and document management come with different demands than traditional, in-office frameworks. Leaders need to ensure that they are optimizing their mobile strategies as soon as possible to keep employees and clientele engaged.
Demand is rising
ResearchMoz recently released its latest report on the global mobile BPM software market, forecasting spending to rise at a compound annual growth rate of 20.9 percent between this year and 2020. As enterprise operations continue to become heavily rooted in mobile technologies, software used to manage the entirety of activity is in high demand, and this trend will likely only intensify as the years progress. Considering the fact that mobile technologies have more functionality today than any time in the past, and that the Internet of Things will further increase mobility's reach, the time is now to implement the right software.
According to the analysts, about 35 percent of the global workforce was mobile last year, and that number is projected to rise rapidly in the coming years both within the United States and abroad. ResearchMoz pointed out that the most popular solutions in this arena will be those that can boost the business value of mobile assets and activity, such as improving transparency of operations and giving leaders more control through enhanced monitoring capabilities. Furthermore, automation and integration will likely be key drivers of purchases for mobile BPM technology.
With the right mobile BPM solutions in place, companies will be able to simultaneously reduce their risk and increase productivity, while ensuring that employees have access to the tools and systems they need to complete work in a wider range of environments outside of the office.
The document management side
At the same time, if companies do not have solid document management practices when trying to take BPM mobile, they will most likely struggle to capture the full range of benefits that ought to accompany these investments. Document management has arguably been the most pressing component of enterprise IT and workflow management in the past few years, as the mass digitization of records and files has forced the issue on businesses.
Leaders need to recognize the need for highly integrated, unified systems across workflow, BPM and document management frameworks in the modern organization. By working with a solutions provider that can help to tackle the needs apparent in each of these categories through one centralized solution, businesses will often be able to more efficiently modernize their operational frameworks.
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