Welcome to the July 2023 edition of the BusinessOptix newsletter!
In this edition of the BusinessOptix newsletter, we dive into the “Analyze” phase of an organization’s transformation journey.
The “Analyze” phase is critical to your business transformation journey, enabling you to gain insights to identify and quantify improvement opportunities for areas of automation, streamlining, and better compliance. By utilizing scenario modeling and simulation, you can test hypotheses to select the most optimal improvements to design transformations and create a business case for change.
Scenario Modeling and Simulation: A Risk-free way to Understand what to change and how
By utilizing BusinessOptix's scenario and simulation modeling capabilities, you can effectively identify bottlenecks and explore various scenarios and potential outcomes for your business transformation initiatives. This process is often referred to as a "what-if" analysis. By inputting multiple variables and assumptions, you can evaluate the impact of different decisions, process changes, or resource allocations. This empowers you to make better-informed, data-driven decisions by assessing the consequences of your choices before implementing them in practice. The ability to visualize and comprehend the potential impacts enhances the speed of your transformation efforts while reducing the risk of failure or negative consequences.
Our "Test, Fail, and Learn Safely" blog explores the advantages in more detail.
What's Trending
Beyond Simple Business Process Modeling, Organizations are Outgrowing Traditional Approaches
According to the 2023 Gartner® Market Guide for Enterprise Business Process Analysis Tools, “EBPA tools are of interest to business and IT roles looking to transform or optimize their process-related outcomes. These roles can include business leaders, business architects, enterprise architects, process architects, process analysts and process owners. Unlike more traditional business process analysis (BPA), EBPA tools support the professional modeling community (process architects and process analysts) and the rank-and-file workforce. This is part of the move toward the democratization of process improvement, as well as knowledge discovery and dissemination. EBPA tools support the business in trying to solve the strategy-to-execution dilemma. EBPA provides more accessible, understandable process analysis that goes beyond the traditional “boxes and arrows.” For this reason, it is the practical embodiment of BPA for the masses.”
The report recognized BusinessOptix as a Representative Vendor. We believe with our robust EBPA tool, BusinessOptix provides enhanced capabilities for process modeling and analysis. It enables organizations to document, analyze, and streamline complex processes at both conceptual and logical levels. This enables business process architects to effectively communicate and refine processes, regardless of planned automation. By utilizing appropriate methods and approaches, BusinessOptix enables business divisions to enhance their agility and efficiency.
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The purpose of this short survey is to gather insights from our valued customers, like yourself, regarding the BusinessOptix solutions you are currently using, other areas of our solutions that may be of interest and the type of marketing and training content that would be of most use to you.
Academy Updates
Our learning team are continually adding useful courses and content to the BusinessOptix Academy.
New additions include a features overview video on workflow, work instructions/SOP's and capability mapping.
We are incredibly grateful to our customers who have taken the time to share their positive reviews of the Power User 1 Certification course. Customer feedback plays a vital role in helping to shape and enhance our training programs and services. We appreciate your support and are committed to continually improving to meet your needs.
Gartner, Market Guide for Enterprise Business Process Analysis Tools, By Marc Kerremans, Andrei Razvan Sachelarescu, Issa Kerremans, Published 12 June 2023 GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
BusinessOptix sends this newsletter to you so we can provide you with timely updates on the latest releases, academy updates, and additional information you might find useful on your digital transformation journey. If you have any suggestions for information you would like to see in our newsletter, we welcome your input. Please email marketing@businessoptix.com with your newsletter content suggestions.
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