The Internet of Things (IoT) is often defined as an ever-growing network of physical objects that use IP addresses for internet connectivity. More specifically, IoT is the communication that occurs between these objects and other Internet-enabled devices and systems. The most emblematic example of IoT’s disruptive capabilities is in retail and consumer sectors where networking home devices such as lights, home alarm systems, thermostats and other appliances has moved from a luxury item to a commonly desired feature.
Within the last couple of years, IoT has slowly started to penetrate other markets as businesses and organizations have started contemplating the value that combining IoT within BPM Solutions programs could bring to an organization.
This integration brings analytics, social and mobile capabilities into current processes and the applications that can lead to much desired agility with regard to critical business decisions. This merger of technologies can help organizations better support evolving business requirements with robust process modeling tools, standards, and best practices.
Benefits of merging IoT and BPM solutions?
- Faster access to information from any device or environment with a people-centric and customer-centric focus
- Improved consumer feedback that lead to better process lifecycles, from design and deployment to analysis and governance
- Accelerated solution deployment, streamlined operations, and continuous process improvements
There is better news – IoT with BPM solutions has moved beyond mere hypothesis to practical enterprise applications.
In a BPM Solution-IoT Whitepaper written by Carlos Soto, associated with Redmond Media group, he explores how this disruptive integration impacts business – bringing analytics, social and mobile capabilities into current processes for increased agility when it comes to critical business decisions. Carlos cites use cases of BPM solutions with IoT in collaborative environments using Social and collaborative tools such as SharePoint and an industry evolution forecast highlighting collaboration and Big Data.
In many ways, the healthcare industry has been an early adopter of IoT. However, the major benefits they experience from the use of IoT and BPM solutions are not limited to their industry, but rather applicable to multiple sectors. Remotely troubleshooting devices for example can create major cost savings in industries with remote physical devices. When linked with a BPM solution to measure the cost savings and downtime, remotely troubleshooting physical devices can help minimize costs in sectors like manufacturing, utilities and oil and gas.
Utilities and oil and gas, specifically, are filled with physical assets on a global footprint that elevate overhead costs and carry the potential of escalating downtime and skewing utilization rates. Utilization and decreased downtime of essential equipment are two other factors that have led to a quicker adoption of IoT and within healthcare.
In the oil and gas industry, IoT and BPM solution enabled geophones in remote locations in the Pacific Ocean, Australia, Alaska and Gulf of Mexico integrate and send seismic and financial data to social media engines or organizational collaboration tools like SharePoint. Connected to BPM solution on the backend, these processes can help businesses make more informed financial decisions on prospective future wells.
Another key technology to integrate within the IoT and BPM solution transformative chain is the need at some point for Big Data analytics. IoT devices send out a lot of data. BPM analytics adds more size and depth on that data. It’s just a matter of time before the data gets so large and diverse that extrapolating actionable results requires the incorporation of Big Data analytics.
The era of the Internet of Things (IoT) has begun and has the potential to touch every individual and every enterprise, improving daily life and helping companies be more agile.