Business Process Control and Compliance Assurance

The Banking Royal Commission’s final report was released recently with 76 recommendations. Among them, the report has set out in detail how and when so-called processing or administrative ‘errors’ veer into misleading or deceptive conduct and the need for corporations to have in place processes that avoid these systemic errors. The report also recommends that there should be one person in every bank that is responsible for the design and implementation of each product, keeping it fit for purpose, and if something goes wrong, remediating it. This implies having specific senior executive owning each of the enterprise processes, designing controls for these processes, and overseeing these checks and controls ensuring they are working without failure.

Predictive Data Analytics, Machine Learning, Decision Management & Business Process Management

This is a simple info-graphic illustrating several emerging concepts and practices, including big data, predictive analytics and machine learning, with relation to decision management, business process management and business operations.

New Business Models using OMG's Standards - OMM, BPMN, DMN & CMMN

A presentation by Trisotect on its new tools based on the OMG's standards - OMM, BPMN, DMN, CMMN - that facilitates in building of new holistic business models to support an enterprise digital transformation.

Multi-Vendor BPMN Interchange Demonstration

Another reason for adopting of BPMN. The BPMN Model Interchange Working Group (BPMN MIWG) held its 4th BPMN interchange capability demonstration. This demonstration involved several BPMN software vendors collaborating to create a BPMN model and then have it execute on various BPMN based business process engines. BTW unless the BPMN process model is developed in accordance to the standard, it defeats many key purposes of BPMN, including interchangeability and executability. Enjoy the demo.

BPMN, DMN and SBVR

Having shared the concepts in Decision Model & Notation (DMN) from OMG and how it supports business rules task in BPMN Process Model, let look at the potentials between another business rules related specification, Semantics Of Business Vocabulary and Rules (SBVR), also from OMG.