BAM is still not matured enough to be used smoothly in an enterprise. It requires the implementer to take more responsibilities to fit with the business in context. But the promises that BAM brings in is really very beneficial to all the industries and businesses. If implemented in a proper way that fits with the business strategies it can bridge the gap between the business and the technology. The enterprises those roll out BAM will have an obvious advantage over their competitors with respect to the performance of the business systems.
As far as the agility is concerned, the best option for an enterprise to get the maximum benefit out of a BAM solution is to have centralized control over the business processes using a BPM platform and complement the same by a BAM framework. BPM will help the enterprise to have an end-to-end view on the business processes and their control while BAM will bring in the capabilities to monitor the changes, foresee a variation from the normal trend and act accordingly.
The changes that can be monitored by a BAM could be anything that happens in the market but the real intelligence that can earn a greater profitability for a business. This can be done with a continuous mining of news feeds and analyzing them to find out which are relevant to the business and can potentially change the landscape of a business. This is how technology can be employed to watch for the business opportunities like a hawk and enrich the business to proceed toward a profitable growth, operational efficiency, reducing operational costs and adaptability. CEP is a brainier and improved BAM that tracks the real time business events and figure out a business pattern based on the same. In case of a deviation from the normal pattern the CEP notifies and enables systems to resolve issues automatically.
