Modern self-service BI and analytics platforms are engineered to keep a close watch over KPIs. The intelligence built into these platforms can smartly analyze data, proactively spot outliers, flag critical changes in KPIs, etc. With companies adopting more business applications with contextual integration capabilities, BI platforms can deliver key data alerts in the context of any application’s workflow without having to log in to the analytics app. This reduces the time to respond, enabling businesses to act on alerts instantly. Going forward, with the augmentation of AI and ML capabilities, platforms will be able to intelligently decide the necessary actions to be triggered based on insights. [1]

Figure 1. Overview of Business activity monitoring

Figure 1 shows Business activity monitoring (BAM) describes the processes and technologies that enhance situation awareness and enable analysis of critical business performance indicators based on real-time data. BAM is used to improve the speed and effectiveness of business operations by keeping track of what is happening and making issues visible quickly. The BAM concept can be implemented through many different kinds of software tools; those aimed solely at BAM are called “BAM platform products.” [2]

Business Activity Monitoring and Integration Solutions

BAM is a natural companion of integration. As integration solutions are transferring business-critical information between your systems, and increasingly in your partner network, your integration solution has all the data that is relevant to understanding your business processes. For this reason, a number of different integration solutions have provided BAM functionalities. [3]

More specifically, BAM addresses challenges facing enterprises as follows:

• Business end user empowerment through the BAM portal
• Business alerts and notifications
• Better visibility creation and consumption experience
• End-to-end visibility of the business process
• Support for pipelines (and indirectly, adapters and Web services)
• Immediate Activity change-on-the-fly
• Interceptor and tracking profile guidelines [4]

References:

1. https://www.analyticsinsight.net/7-business-intelligence-trends-to-watch-out-for-in-2022/
2. https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring
3. https://www.youredi.com/blog/what-is-business-activity-monitoring
4. https://docs.microsoft.com/en-us/biztalk/core/what-is-bam

Cite this article:

Thanusri swetha J (2022), Overview of Business activity monitoring, Anatechmaz, pp. 30