Business Activity Monitoring - Economic Impact On Industry Verticals

The importance and popularity of Business Activity Monitoring (BAM) is slowly spreading from large organizations to small and medium organizations due to the maturity of BAM technologies and an increased awareness. This paper primarily covers challenges of various industry verticals, BAM implementation benefits, and a practical approach for realizing BAM solution. People, processes, systems, and customers are crucial for the success of an organization. These are four pillars of an organization. The objective of Business Process Management (BPM) is to provide integrated solutions for these pillars to improve organizational performance at much lower costs. Here performance does not mean an organization's internal performance.