As forces such as globalization and electronic commerce put more pressure on manufacturers to quickly and continuously optimize business processes, more will turn to an emerging class of technology dubbed intelligent business performance platforms (IBPPs), according to a recent report from PriceWaterhouseCoopers.
IBPPs, the report predicts, will consist of tightly integrated business process management, business intelligence, and business rules management tools. The tight integration of these tools, PwC says, will enable several key benefits:
- Gain better use of real-time data from business processes. Using monitoring tools, organizations will be able to "watch business activities, compare performance against established thresholds and targets, and identify exceptional events," the report says.