Business Activity Monitoring (BAM) - Revision history

User at 15:10, 1 November 2022

2022-11-01T15:10:17Z

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User: /* See Also */

2021-07-08T20:05:54Z

User at 13:22, 11 June 2021

2021-06-11T13:22:09Z

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User at 18:06, 21 February 2020

2020-02-21T18:06:01Z

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'''Content Coming Soon'''

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-'''[[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.”<ref>Defining [[Business Activity]] Monitoring (BAM) [https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring Gartner]</ref>
+'''[[Business]] Activity Monitoring (BAM)''' describes the processes and technologies that enhance situation awareness and enable an analysis of critical business performance indicators based on real-time [[data]]. BAM is used to improve the speed and effectiveness of [[Business Operations|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.”<ref>Defining [[Business Activity]] Monitoring (BAM) [https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring Gartner]</ref>
 BAM is used at nearly every organizational level, and can even be helpful to affiliate companies who have the capabilities and the permission to track and monitor related businesses' activities. BAM analyzes a span of actions between countless applications and systems.
@@ Line 45: / Line 45: @@
 == See Also ==
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
-[[Business]]<br />
+*[[IT Operations (Information Technology Operations)]]
 </div>

@@ Line 46: / Line 46: @@
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
 [[Business]]<br />
-[[Business Activity]]
+[[Business-to-Business (B2B)]]<br />
 </div>

@@ Line 46: / Line 46: @@
 <div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
 [[Business]]<br />
-[[Business-to-Business (B2B)]]<br />
+[[Business Activity]]
 </div>

← Older revision		Revision as of 13:22, 11 June 2021
Line 40:		Line 40:

	BAM Challenges and Best Practices		BAM Challenges and Best Practices
		+
		+
		+
		+	== See Also ==
		+	<div style="column-count:2;-moz-column-count:3;-webkit-column-count:3">
		+	[[Business]]<br />
		+	[[Business-to-Business (B2B)]]<br />
		+	[[Business Application]]<br />
		+	[[Business-Driven Development (BDD)]]<br />
		+	[[Business-to-Business Gateway]]<br />
		+	[[Business-to-Consumer (B2C)]]<br />
		+	[[Business Accelerator]]<br />
		+	[[Business Activity Monitoring (BAM)]]<br />
		+	[[Business Analysis]]<br />
		+	[[Business Analytics]]<br />
		+	[[Business Application]]<br />
		+	[[Business Application Programming Interface (BAPI)]]<br />
		+	[[Business Architecture]]<br />
		+	[[Business Asset]]<br />
		+	[[Business Capability]]<br />
		+	[[Business Capability Modeling]]<br />
		+	[[Business Ethics]]<br />
		+	[[Business Case]]<br />
		+	[[Business Centric Methodology (BCM)]]<br />
		+	[[Business Continuity Management (BCM)]]<br />
		+	[[Business Continuity Plan (BCP)]]<br />
		+	[[Business Continuity Planning (BCP)]]<br />
		+	[[Business Cycle]]<br />
		+	[[Business Diversification]]<br />
		+	[[Business Driven Technology]]<br />
		+	[[Business Drivers]]<br />
		+	[[Business Ecosystem]]<br />
		+	[[Business Environment and Internal Control Factors (BEICF)]]<br />
		+	[[Business Excellence]]<br />
		+	[[Business Expansion]]<br />
		+	[[Business Function]]<br />
		+	[[Business Function Model]]<br />
		+	[[Business IT Alignment]]<br />
		+	[[Business Impact Analysis (BIA)]]<br />
		+	[[Business Incubator]]<br />
		+	[[Business Insurance]]<br />
		+	[[Business Integration]]<br />
		+	[[Business Intelligence]]<br />
		+	[[Business Interruption Insurance]]<br />
		+	[[Business Life Cycle]]<br />
		+	[[Business Logic]]<br />
		+	[[Business Management System (BMS)]]<br />
		+	[[Business Model Innovation (BMI)]]<br />
		+	[[Business Model for Information Security (BMIS)]]<br />
		+	[[Business Motivation Model (BMM)]]<br />
		+	[[Business Objects]]<br />
		+	[[Business Operations]]<br />
		+	[[Business Oriented Architecture (BOA)]]<br />
		+	[[Business Mission]]<br />
		+	[[Business Vision]]<br />
		+	[[Business Model]]<br />
		+	[[Business Goals]]<br />
		+	[[Business Objective]]<br />
		+	[[Corporate Structure]]<br />
		+	[[Corporate Social Responsibility (CSR)]]<br />
		+	[[Chief Executive Officer (CEO)]]<br />
		+	[[IT Strategy (Information Technology Strategy)]]<br />
		+	[[IT Governance]]<br />
		+	[[Enterprise Architecture]]<br />
		+	[[IT Sourcing (Information Technology Sourcing)]]<br />
		+	[[IT Operations (Information Technology Operations)]]<br />
		+	</div>
		+
		+
		+	===References===
		+	<references />

@@ Line 1: / Line 1: @@
-'''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.”<ref>Defining Business Activity Monitoring (BAM) [https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring Gartner]</ref>
+'''[[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.”<ref>Defining [[Business Activity]] Monitoring (BAM) [https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring Gartner]</ref>
 BAM is used at nearly every organizational level, and can even be helpful to affiliate companies who have the capabilities and the permission to track and monitor related businesses' activities. BAM analyzes a span of actions between countless applications and systems.
-The term business activity monitoring was originally used by Gartner Inc., an IT and research firm based out of Stamford, Conn., that produces market analysis reports. The goal of BAM is to furnish comprehensive and cumulative reports about business, either between affiliate businesses (business-to-business) or within a single company. The process of BAM involves the status of various operations, analyses, transactions and other real-time electronic activity information, which is produced within electronic reports and relayed to business managers.<ref>What is Business Activity Monitoring (BAM)? [https://www.techopedia.com/definition/26397/business-activity-monitoring-bam Techopedia]</ref>
+The term business activity monitoring was originally used by Gartner Inc., an IT and research firm based out of Stamford, Conn., that produces [[market]] analysis reports. The goal of BAM is to furnish comprehensive and cumulative reports about business, either between affiliate businesses (business-to-business) or within a single company. The [[process]] of BAM involves the status of various operations, analyses, transactions and other real-time electronic activity information, which is produced within electronic reports and relayed to business managers.<ref>What is Business Activity Monitoring (BAM)? [https://www.techopedia.com/definition/26397/business-activity-monitoring-bam Techopedia]</ref>
 BAM Components
-The components that form a BAM system are the following:
+The components that form a BAM [[system]] are the following:
 *Decision support: through a set of rules it interprets and recognizes situations in order to help the user in decision making.
 *Action-ready dashboards: those decisions generated will transform into integrated actions on the dashboard.
@@ Line 17: / Line 17: @@
 *Business analysts use the BAM Excel Add-in to define the business processes they want to monitor. They also use the BAM Excel Add-in to define the way in which business users see the data collected by BAM. For example, a business analyst wants to present data about purchase orders and asks the following interesting questions about purchase orders:
 **How many purchase orders did the company receive this (year, month, week, day, hour, and so on)?
-**What is the current value of active purchase orders?
+**What is the current [[value]] of active purchase orders?
 **What is the average time it takes for a purchase order to move though the stages of the purchase order process?
 **How many purchase orders are in a particular stage of the process?
-**How many customers ordered a particular product?
+**How many customers ordered a particular [[product]]?
 **What is the sum of the orders for a particular product?
 **Are the quantities ordered different across geographic regions?
@@ Line 26: / Line 26: @@
 *Business users use BAM to view the data defined by the business analyst and collected by BAM. A business user can use BAM in the following ways:
 **View data about a single instance of a process. For example, if a business analyst created an activity to monitor a purchase order process, a business user could use BAM to see data about a particular purchase order.
-**View data about related activity instances. For example, the invoice or shipments associated with a particular purchase order.
+**View data about related activity instances. For example, the [[invoice]] or shipments associated with a particular purchase order.
 **View aggregated real-time or archived data about a process. Aggregated data is data over time. For example, a user could view the number of purchase orders with a value less than $500 that were received in the last (week, month, year, and so on), or the average value of purchase orders that arrived today.
 **View progress data, which allows a user to see data from the different stages of a process, such as the average time it takes for a purchase order to move from the received stage to the fulfilled stage.
@@ Line 32: / Line 32: @@
 '''BAM Benefits'''<ref>What are the benefits of BAM? https://www.opservices.com/bam-business-activity-monitoring/ OpServices]</ref><br />
-Business Activity Monitoring (BAM) uses high technology as an ally in the collection, evaluation and analysis of information in real time, ensuring that the company has a dynamic view of the market. With this, managers gain a lot in decision-making, which becomes more informed and precise. In addition to enabling decision-making, which is its main goal, BAM brings other advantages such as:
+Business Activity Monitoring (BAM) uses high technology as an ally in the collection, [[evaluation]] and analysis of information in real time, ensuring that the company has a dynamic view of the market. With this, managers gain a lot in decision-making, which becomes more informed and precise. In addition to enabling decision-making, which is its main goal, BAM brings other advantages such as:
 *Reduction and optimization of expenses: Since it is possible to have relevant information in real time and as decision-making becomes more accurate and efficient, you can reduce expenses and also optimize costs, ensuring that investments are rented more efficiently.
 *Monitoring of market dynamism: With the receipt and evaluation of information in real-time, the natural result is a more effective monitoring of the market dynamism, ensuring that any changes are absorbed faster.

← Older revision		Revision as of 18:06, 21 February 2020
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−	'''~~Content Coming Soon~~'''	+	'''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.”<ref>Defining Business Activity Monitoring (BAM) [https://www.gartner.com/en/information-technology/glossary/bam-business-activity-monitoring Gartner]</ref>
		+
		+	BAM is used at nearly every organizational level, and can even be helpful to affiliate companies who have the capabilities and the permission to track and monitor related businesses' activities. BAM analyzes a span of actions between countless applications and systems.
		+
		+	The term business activity monitoring was originally used by Gartner Inc., an IT and research firm based out of Stamford, Conn., that produces market analysis reports. The goal of BAM is to furnish comprehensive and cumulative reports about business, either between affiliate businesses (business-to-business) or within a single company. The process of BAM involves the status of various operations, analyses, transactions and other real-time electronic activity information, which is produced within electronic reports and relayed to business managers.<ref>What is Business Activity Monitoring (BAM)? [https://www.techopedia.com/definition/26397/business-activity-monitoring-bam Techopedia]</ref>
		+
		+	BAM Components
		+	The components that form a BAM system are the following:
		+	*Decision support: through a set of rules it interprets and recognizes situations in order to help the user in decision making.
		+	*Action-ready dashboards: those decisions generated will transform into integrated actions on the dashboard.
		+	*User answers/actions are captured within the BAM tool and then are sent to the systems to be executed.
		+	*Adaptation and learning, where user answers are integrated into the decision system with the intention of improving the support in decision making and in action-ready dashboard creation.
		+
		+
		+	'''BAM Users'''<ref>Who Uses BAM [https://docs.microsoft.com/en-us/biztalk/core/who-uses-bam Microsoft]</ref><br />
		+	There are two types of users who interact with the information worker features of BAM: business analysts and business users.
		+	*Business analysts use the BAM Excel Add-in to define the business processes they want to monitor. They also use the BAM Excel Add-in to define the way in which business users see the data collected by BAM. For example, a business analyst wants to present data about purchase orders and asks the following interesting questions about purchase orders:
		+	**How many purchase orders did the company receive this (year, month, week, day, hour, and so on)?
		+	**What is the current value of active purchase orders?
		+	**What is the average time it takes for a purchase order to move though the stages of the purchase order process?
		+	**How many purchase orders are in a particular stage of the process?
		+	**How many customers ordered a particular product?
		+	**What is the sum of the orders for a particular product?
		+	**Are the quantities ordered different across geographic regions?
		+	The business analyst uses these questions to define activities that reflect the type of information that BAM should collect from the business process.
		+	*Business users use BAM to view the data defined by the business analyst and collected by BAM. A business user can use BAM in the following ways:
		+	**View data about a single instance of a process. For example, if a business analyst created an activity to monitor a purchase order process, a business user could use BAM to see data about a particular purchase order.
		+	**View data about related activity instances. For example, the invoice or shipments associated with a particular purchase order.
		+	**View aggregated real-time or archived data about a process. Aggregated data is data over time. For example, a user could view the number of purchase orders with a value less than $500 that were received in the last (week, month, year, and so on), or the average value of purchase orders that arrived today.
		+	**View progress data, which allows a user to see data from the different stages of a process, such as the average time it takes for a purchase order to move from the received stage to the fulfilled stage.
		+
		+
		+	'''BAM Benefits'''<ref>What are the benefits of BAM? https://www.opservices.com/bam-business-activity-monitoring/ OpServices]</ref><br />
		+	Business Activity Monitoring (BAM) uses high technology as an ally in the collection, evaluation and analysis of information in real time, ensuring that the company has a dynamic view of the market. With this, managers gain a lot in decision-making, which becomes more informed and precise. In addition to enabling decision-making, which is its main goal, BAM brings other advantages such as:
		+	*Reduction and optimization of expenses: Since it is possible to have relevant information in real time and as decision-making becomes more accurate and efficient, you can reduce expenses and also optimize costs, ensuring that investments are rented more efficiently.
		+	*Monitoring of market dynamism: With the receipt and evaluation of information in real-time, the natural result is a more effective monitoring of the market dynamism, ensuring that any changes are absorbed faster.
		+	*Faster identification of opportunities and risks: When you keep up with the dynamism of the market it is much easier to identify business opportunities and risks. With this, you can also prepare to absorb impacts or take advantage of opportunities, ensuring more stability.
		+	*Greater preparation and competitiveness: Having so much information, the company becomes more prepared to be in the market and also more competitive, achieving better results. It also ensures more stability for the company, which manages to enter into the market.
		+
		+
		+	BAM Challenges and Best Practices