3:13 am - Thursday August 17, 2017

Business & Technology – Hand in gloves: By Udyan Raj Sharma

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Business & Technology – Hand in gloves

Business & Technology – Hand in gloves

 

In the batman movie ‘The Dark Knight’ the Joker famously quoted “If you are good at something never do it free”, this is basically the essence of business – providing goods and/or services to someone who pays for them. So whether it is a big manufacturing or Services Corporation or a small coffee shop around the corner or a plumber who fixes your bathroom everyone is doing business.

As it is said that achieving the top position is a difficult task but staying at top is even more difficult, similarly the inception and setup of a business is indeed a difficult task but the real challenge for an organization is to stay competitive in business market place. And to achieve this objective the organization must be able to adapt according to the surroundings because the product/service which is in high demand right now would be of no use tomorrow. There are many examples of corporations failing to adapt to market changes, consumer preferences etc and going downhill rapidly than anyone could imagine. Thus to stay competitive in the market place the organization must be willing to adapt to its surroundings and embrace changes proactively so that it can grow and prosper. And the biggest change which happened in recent times is the advancement of science and technology leading to emergence of new equipments and gadgets with computers, mobile and internet being at the forefront in causing huge impact on business methodology.

Now you can order your food online or through mobile, transfer money to someone living thousands of kilometres away with just a click of mouse, get a lot of information online before buying a product; receive information about an incident happening in some other continent within seconds. These all things have become very trivial to us but turning the clock just a decade back would be enough to make us realize that back then we won’t have even visualized  the things which have become part of our life now and I feel very proud that India has been a big contributor towards this especially the IT revolution. Although it is a big irony that an average Indian today builds and supports the modern software solutions to all sort of industries – manufacturing, banking, medical even government services like obtaining a driving licence or passport but the same Indian has to face a lot of troubles in obtaining his own passport or driving licence due to the governance system which is at least 20 years older than the par, but let’s leave this discussion for some other time.

The penetration of IT in business functions has been a spiral evolving process starting from usage of computers for simple administration functions to adhoc automated processes, data management etc to currently used sophisticated software solutions like customer support solutions, operations support solutions etc. The IT started off as backend support function but in short span has become an important ingredient of business functions, the dependency of business on IT has grown so much that now IT is driving the business instead of supporting it and it became possible due to technological advancements in the fields of Data Mining, Business Analytics, Social networking and others with the onset of new technologies like Big Data, Cloud Computing, Mobile technologies etc. One such new and enormously valuable innovation is Business Process Management (BPM).

BPM is the systematic technological approach of managing business processes (can be defined as an activity or set of activities that will accomplish a specific organizational goal) in order to achieve the objective of continuous improvement in the business effectiveness, efficiency and operational agility. BPM encompasses Total Quality Management or Continuous Improvement Process methodologies by providing a viable genuine approach for management of business processes in times of change. The goal of BPM is to reduce human error and miscommunication and focus stakeholders on the requirements of their roles; and to make organization workflow more effective, more efficient and more capable of adapting to an ever-changing environment. There are a lot BPM tools available in the market from different corporations but each one will surely have these capabilities –

  • vision – strategize functions and processes
  • define – baseline the process or the process improvement
  • model – simulate the change to the process
  • analyze – compare the various simulations to determine an optimal improvement
  • improve – select and implement the improvement
  • control – deploy this implementation and by use of user-defined dashboards monitor the improvement in real time and feed the performance information back into the simulation model in preparation for the next improvement iteration
  • re-engineer – revamp the processes from scratch for better results

We can save conclude that BPM brings with it the benefit of being able to simulate changes to business processes based on real-life data so that business organizations can adapt to environmental changes quickly.

This article is written by Mr. Udyan Raj Sharma, he is working in Oracle India Pvt. Ltd in Noida, India.

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  • Chatanya

    Charge what you know, what you know, that should be charged service … No Free Lunch here ….. Good Knowledge Sharing …..

    • Raghu

      Nice one ….