By Sanjeev Sharma on May 16, 2012
Check out, the new Oracle whitepaper "BPM Patterns & Practices in Industry", http://bit.ly/Jie8t1
In a research report released last week, Gartner announced a new use case for BPMS, dubbed iBPMS (Intelligent BPM Systems). Gartner's findings re-affirm our vision and existing capability in delivering real-time-decision making and intelligent process automation capabilities offered by Oracle BPM and Oracle CEP technologies.
In fact, i have blogged over the past few weeks on the need for brain-like decision systems, key attributes of such systems, the enabling technology components and iBPMS use-cases in Financial Services, Healthcare and Public Sector where opportunity cost of split-second "sense-and-respond" is overwhelming. You can find more details at the following links:
[Summary]: Faced with this data explosion, businesses are exploring means to develop human brain-like capabilities in their decision systems (including BI and Analytics) to make sense of the data storm, in other words business events, in real-time and respond pro-actively rather than re-actively. It is more like having a little bit of the right information just a little bit before hand than having all of the right information after the fact (premise of the book, "The Two Second Advantage"). To illustrate this thought, this post delves into the workings of the human brain.
[Summary]: Achieving near real-time predictive intelligence creates special demands of the technology components, hardware in particular, in terms of scalability, fault-tolerance and capacity (both compute and storage). After all performance is of the essence in building decision systems that operate at brain-like speeds. A possible solution lies in integrated systems that are engineered from the ground up and not merely assembled from multi-vendor components. This post provides a graphical representation of brain-like capabilities and the enabling technology components.
[Summary]: This post looks at real-world scenarios where Oracle BPM and Oracle CEP technologies collectively deliver intelligent automation, as envisioned by Gartner's study on iBPMS, in Financial Services, Healthcare and Public Sector.