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The global workflow management system market size was valued at $6.85 billion in 2020, and is expected to expand at a compound annual growth rate (CAGR) of 30.6% from 2021 to 2028. This growth comes from the recognition that workflow management systems improve business efficiency and reduce operational costs. Furthermore, workflow management systems optimize automation, […]
Poorly managed processes have caused disastrous and costly errors. For instance, a measurement mix-up between metric and imperial units by NASA caused the disintegration of one of their satellites. This cost the air and space agency $125 million in damages. Business process management (BPM) is the management and control of business operations to prevent costly […]
The global workflow management system market was valued at $4.8 billion in 2018. This figure is anticipated to rise with a compound annual growth rate (CAGR) of 27.7% from 2019 to 2025. One reason for this tremendous growth is the digital transformation of businesses globally. This transformation is called industry 4.0. The workflow management systems […]