Future Trends in Business Process Management (BPM)

A set of vocabulary flashcards covering future trends in Business Process Management, including technological advancements and methodologies.

Business Process Management (BPM)

A discipline that involves managing and improving organizational processes.

Artificial Intelligence (AI)

Intelligence demonstrated by machines, enhancing BPM through automation and decision-making.

Machine Learning (ML)

A subset of AI that uses algorithms to analyze data and improve performance over time.

Intelligent Process Automation (IPA)

Combines RPA with AI to automate complex processes requiring decision-making and learning.

Predictive Analytics

Uses ML algorithms to analyze data and predict future trends for proactive improvements.

Natural Language Processing (NLP)

Technology that enables interaction with data and systems using natural language.

Advanced Analytics

Utilizes complex data analysis to gain insights into business processes.

Big Data

Large, complex data sets analyzed to uncover patterns and insights.

Process Mining

Analyzes event logs to visualize process flows and identify bottlenecks.

Digital Twins

Virtual replicas of physical processes or systems for simulation and analysis.

Hyperautomation

The extensive use of automation technologies to transform operations.

End-to-End Automation

Automating entire processes across multiple systems and functions.

Cloud-Based BPM Solutions

BPM solutions hosted on the cloud offering flexibility, scalability, and cost-efficiency.

Low-Code Platforms

Development environments that allow users to create applications with minimal coding.

No-Code Platforms

Platforms enabling users to design applications without any coding skills.

Process-as-a-Service (PaaS)

Outsourcing process management functions to third-party providers.

Managed BPM Services

BPM solutions offered by providers as a managed service.

Sustainable Process Design

Incorporating sustainability into process design aligning with corporate responsibility goals.

Blockchain

A technology enhancing process transparency and integrity.

Smart Contracts

Self-executing contracts with the terms of the agreement directly written into code.

Customer-Centric BPM

Aligning processes with customer needs and optimizing the customer journey.