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Low-Code Automation vs. iBPM: Which Should You Use For Your Business?

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Business process management is defined as a set of organizational activities and processes which are undergone with the ultimate goal of tracking, analyzing, optimizing, automating and improving the overall functioning of various day-to-day business processes.

Business process management can be an extremely tedious, time-consuming and impractical process if not monitored by a digital solution. However, as the number of digital platforms and mobile solutions available to businesses increases exponentially, many businesses are unsure about what type of solution they should use to optimize their business processes: low-code automation and development platforms or iBPM playtforms.

Low-code automation solutions allow users to automate various business processes using a drag-and-drop app builder, a visual workflow builder and a scripting engine. This allows citizen developers and business technologists with little to no traditional coding knowledge to effectively and efficiently automate complex business processes. At the same time, it allows developers with coding experience to create process workflows and build apps in a fraction of the time it would take with traditional coding.

Intelligent Business Process Management (iBPM), on the other hand, involves the integration of artificial intelligence, machine learning and robotic process automation to automate various business processes using data analysis. iBPM solutions usually incorporate visual interfaces and a responsive software design.

But first, what are the benefits of automating your business processes?

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How To Set Up Strong Business Processes

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A business process is the basic building block of a business function. It is a set of tasks that a group of individual stakeholders must perform to reach a specific goal. The main advantage of having business processes is the optimization of resources.

A business process gives direction to simple tasks and helps individuals streamline their activities. It ensures that the tasks are being performed in the most efficient way possible.

Business processes help stakeholders focus on long-term business goals along with short-term business goals. Business processes also improve communication between departments and help establish clarity regarding the objective of the tasks.

Business process management is hence an integral part of modern businesses. It focuses on the overall improvement of all end-to-end business processes in an organization.

Setting up strong business processes is essential. A strong business process framework ensures that all the resources in the organization are used to their full potential and in the best way possible. It also helps in unifying teams and increasing the efficiency of cross-functional teams.

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How Standardization And Automation Can Drive Your Company’s Success?

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As digital technology and modern organizational structures continue to evolve and progress at an exponential rate, many businesses must begin to look towards standardization and business process automation to facilitate and foster company success.

Business Process Automation is defined as the utilization of technology to automate various time-consuming and complex business processes. Studies have shown that 97% of IT decision-makers believe that business process automation is crucial for digital transformation.

Standardization involves developing and implementing standards for business processes as well as ensuring that all organizational functions are held to the same standards.

Therefore, your business must understand the various benefits of business process automation and standardization so that you can leverage them to drive organizational growth and long-term success.

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What is intelligent business process automation?

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With constant evolutions in automation and digital technology, many modern businesses are now concentrating on various strategies to facilitate digital transformation. These technological advancements include the implementation and integration of automation in the workplace. Studies have shown that over 80% of business leaders reported that they are currently speeding up work processes automation.

Automation has numerous benefits that organizations can take advantage of including significantly speeding up business processes and functions. With, increasing organizational scalability, reducing costs associated with performing certain tasks manually, empowering organizational employees to work on higher-level, more intellectually stimulating tasks, and much more.

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How to use intelligent automation to improve your business processes

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Automation today has seeped into almost all the relevant aspects of the business world. From robots to automated deliveries, every organization is trying to read the benefits of automation in some way. The number of automated jobs increases by 14% every year. A survey conducted in 2017 proved that 86% of the employees believed that automation services will help them do their jobs more efficiently.

Intelligent automation is the method of automating your key business processes to increase the overall efficiency of a workplace. It is also known as cognitive automation and combines three tools- robotic process automation (RPA), business processes management (BPM), and artificial intelligence (AI).

Intelligent automation is a much sought-after technology as it delivers concrete benefits to companies. It not only simplifies processes for the human component of the workforce but can also eliminate operational inefficiencies.

Intelligent process automation is extremely relevant to business as it has diverse applications. Intelligent automation can be used by financial institutions, government bodies, manufacturing units, hospitals, schools, universities, and the list goes on. It adds improved support for collaboration in analytics, decision-management, social media integration, etc.

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Does Marketing Automation Work For Non-Profits?

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Marketing automation is defined as using digital technology and software to automate and streamline various marketing-related tasks. Marketing automation can help improve organizational efficiency and long-term profitability.

Furthermore, marketing automation is essential for non-profits due to the low amount of financial resources and many marketing-related business processes.

Therefore, marketing automation can be highly beneficial for non-profit organizations. Studies have shown that 78% of successful marketers say that marketing automation is most responsible for improving revenue.

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In What Ways Is Telemedicine Changing The Business Of Healthcare?

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Telemedicine is defined as providing and distributing healthcare services, resources, and information through telecommunication. Telemedicine has many benefits for healthcare provision firms, such as reduced financial expenditure, improved access to healthcare resources, more convenience, and better patient experiences. Studies show that 78% of respondents that received telehealth services were satisfied with their experience.

Therefore, as the complexity and access to digital technology continue to evolve exponentially, telemedicine is increasingly changing the business of healthcare.

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How Can You Improve Patient Satisfaction?

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One of the most crucial aspects of the healthcare provision process is improving patient satisfaction. Improving patient satisfaction has many benefits that healthcare institutions and organizations should take advantage of, such as increased patient retention rates, efficient healthcare provision processes, better clinical health outcomes, and much more.

Recent studies have shown that the loss of a patient due to dissatisfaction can cost a healthcare firm or organization up to $200,000 in lost revenue. Therefore, healthcare firms need to find innovative and productive methods to improve patient satisfaction. Read more

Could Workflows Make Hospitals More Efficient?

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Hospitals are one of the most critical foundations and frameworks for a healthy and safe society. However, as the amount of data that hospitals are expected to track continues to increase exponentially, manually keeping track of organizational data is becoming more challenging than ever.

Due to the high-risk situations hospitals are usually placed in, human or administrative errors due to manual data collection and analysis can be potentially life-threatening. Therefore, many hospitals are beginning to take advantage of the power of workflow automation.

A workflow is defined as how business processes are conducted using organizational resources. Workflow automation can have many benefits for hospitals, such as increased efficiency and consequent productivity. Studies show that 97% of IT decision-makers stated that business process automation is crucial for digital organizational transformation.  Read more

How To Protect My Company Data?

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As our current business landscape continues to evolve, the amount of data that businesses are expected to collect, track and analyze daily is increasing at an exponential rate. However, with increasing amounts of data, there is also a growing need to protect your company’s sensitive data. If your company’s data falls into the wrong hands, it could be potentially disastrous for employees, clients, and stakeholders.

Recent studies indicate that the average cost of a data breach to companies worldwide is approximately $3.86 million. Therefore it is imperative that your company leverages the power of secure software to protect sensitive data. Planet Crust’s low-code CRM solutions are 100% open-source, can be self-hosted behind any cloud or firewall, and enable businesses to take advantage of security automation. Read more