Business process management (BPM) considers processes to be strategic assets of an organization, which must be understood, managed, and improved to fulfill customer demand (voice of customer and value stream mapping) and enable business transformation resulting in top and bottom line attribution.
Many organizations have a fractured sense of end-to-end processes due to the silo nature of systems, organizations, and cultures, which result in innovation drain and “business as usual.” Organizations are looking to consolidate applications onto a single encompassing platform to eliminate platform fragmentation and monetize the reuse of process, code, and data. For many of these platforms, the difficulty of adding new components is a restriction on moving large quantities of applications to the platform.
Using orchestration capabilities developed with Red Hat JBoss BRMS and jBPM 5, State Street is achieving the single platform and experiencing ease of adding new components. The solution allows applications to migrate to the new platform and contribute their specific functionality, which would have otherwise prevented them from moving.
In this session, Sanjeev Kumar of State Street and Trevor Narayan from Red Hat Consulting will discuss the emerging strong linkage between BPM and IT and how BPM toolkit can transform IT agility into business agility and drive innovation in the enterprise. They will share the details of the workflow-based platform that State Street has built in conjunction with Red Hat JBoss BRMS. They will also cover the various items that have been implemented and are currently under development, including: