IT departments are expected to spend 10% more on business process management over the next 12 months, according to analyst Gartner.
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.