IT departments are expected to spend 10% more on business
process management over the next 12 months, according to
analystGartner.
Half of organisations surveyed in a poll of 500 business said
they would spend 5% or more on BPM, while a third said they would
spend more than 10%.
Business process management promises to improve the way
businesses are run by using IT to streamline processes. The
businesses surveyed estimated that they would only be able to
funnel 40% of their organisations' investments into growth or
transformation initiatives.
With 60% of overall funding going to "business as usual,"
Gartner predicted that BPM may be a way for companies to do more
with less, and to free up more funding for growth and
transformation initiatives.
Michele Cantara, research vice-president at Gartner, said
companies that ramp up their BPM investments now will be poised for
growth when the economy recovers. She recommended that
organisations use BPM to help prioritise which existing projects,
suspended projects and new projects will be prioritised, sequenced,
funded and staffed when business growth returns.