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Fabrici Management Consulting delivers results that help our Clients to succeed in their work and initiatives.

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We use our expertise and experiences to support our Client's Business to assure their sustainable growth and profit.We serve the Clients with full range of Consulting Services in Strategy, Sales & Marketing, Operations, Risk and Information Technology.

BAM

Business Activity Monitoring refers to the aggregation, analysis, and presentation of real time information about activities inside organizations and involving customers and partners. A business activity is a part of Business Processes that it is built with. BAM is an enterprise solution primarily intended to provide a real-time summary of business activities to operations managers and upper management.

The goals of business activity monitoring are to provide real time information about the status and results of various operations, processes, and transactions. The main benefits of BAM are to enable an enterprise to make better informed business decisions, quickly address problem areas, and re-position organizations to take full advantage of emerging opportunities. One of the most visible features of BAM solutions is the presentation of information on dashboards that contain key performance indicators (KPIs) used to provide assurance and visibility of activity and performance. This information is used by technical and business operations to provide visibility, measurement, and assurance of key business activities. It is also exploited by event correlation to detect and warn of impending problems.

Although BAM systems usually use a computer dashboard display to present data, BAM is distinct from the dashboards used by business intelligence (BI) in so far as events are processed in real-time or near real-time and pushed to the dashboard in BAM systems, whereas BI dashboards refresh at predetermined intervals by polling or querying databases. Depending on the refresh interval selected, BAM and BI dashboards can be similar or vary widely.

Some BAM solutions additionally provide trouble notification functions, which allows them to interact automatically with the trouble-ticket system. For example, whole groups of people can be sent e-mails, voice or text messages, according to the nature of the problem. Automated problem solving, where feasible, can correct and restart failed processes.

In nearly all deployments of BAM solutions, extensive tailoring to specific enterprises is required. Many BAM solutions seek to reduce extensive customization and may offer templates that are written to solve common problems in specific lines of business, for example banking, manufacturing, etc.

All BAM solutions process events. While most of the first BAM solutions were closely linked to Business Process Management (BPM) solutions and therefore processed events emitted as the process was being orchestrated, this had the disadvantage of requiring enterprises to invest in BPM before being able to acquire and use BAM. Fortunately the newer generation of BAM solutions are based on Complex Event Processing (CEP) technology, and can process high volumes of underlying technical events to derive higher level business events, therefore severing the dependency on BPM, and providing the benefits of BAM to a wider audience of customers.

 

Hot News

October 2015 - Fabrici Management Consulting has signed a Contract to deliver Enterprise Application Integration for Transpetrol, a.s.

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Septebmer 2015 - Fabrici Management Consulting has signed a Consulting Contract with Poštová Banka, a.s.

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