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July 2012, Iss. 4

Juggling events, decisions take more than merely skill

Events happen all day, every day in every organization, spanning departments, functions and levels and crossing business processes. The same goes for decisions.   The ultimate business goal in all this activity: staying competitive, agile and responsive to changing market conditions. Setting strategy and establishing best practices for decision management and event processing can help organizations become both agile and more efficient.   But experts say most companies fail to set strategy or create best practices for decision management and event processing. That’s because the adoption of those disciplines, and even business process management (BPM) itself, typically remains in the early stages, with executive management just starting to get on board. At the same time, experts call clear strategies and established best practices critical to optimizing outcomes and saving time and money. The good news: There’s no time like the present for business and IT pros involved with BPM to tackle both strategy and tactics. “Companies can ...

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  • Editor’s Letter

    by  Anne Stuart

    The use of complex event processing (CEP) and predictive analytics may herald an imminent change in the way that business decisions are made.

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