Digital transformation — CMW Lab Blog https://www.cmwlab.com/blog/digital-transformation/ Plan. Manage. Collaborate. Fri, 27 Dec 2024 13:24:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 BPM and the Evolution of Remote Work: Tools and Strategies for 2025 https://www.cmwlab.com/blog/bpm-and-the-evolution-of-remote-work-tools-and-strategies-for-2025/ https://www.cmwlab.com/blog/bpm-and-the-evolution-of-remote-work-tools-and-strategies-for-2025/#respond Fri, 27 Dec 2024 13:24:18 +0000 https://www.cmwlab.com/blog/?p=7046 As business landscape transforms and with the integration of Business Process Management (BPM) and working remotely changing the scenario. Companies are starting to reconsider not only how they function but how they innovate and interact as well. The synergy between BPM and remote work is proving vital for organisations aiming to remain agile, efficient, and […]

The post BPM and the Evolution of Remote Work: Tools and Strategies for 2025 appeared first on CMW Lab Blog.

]]>
As business landscape transforms and with the integration of Business Process Management (BPM) and working remotely changing the scenario. Companies are starting to reconsider not only how they function but how they innovate and interact as well. The synergy between BPM and remote work is proving vital for organisations aiming to remain agile, efficient, and competitive.



CMW Platform banner

This article explores the trends, tools, and strategies shaping the future of work in 2025, and how CMWLab’s new BPM platform helps businesses to operate in the remote mode.

Remote Work in 2025

Working remotely has shifted from being a choice to being a norm. With 22.8% percent of employees in the US being part of a remote workforce that’s more than 35 million people. To make the most of the distributed teams, businesses are restructuring their operations. The hybrid work model is now the gold standard as it has allowed the collaboration of work that is done in the office and that which is done away from the office.

On a broader sense, this change is not just a shift in resolving logistical issues but a change in the engagement in the workplace. When looking at the current state of the organizations, flexibility has become an essential element while still maintaining a level of operating discipline and this is where BPM solutions come in handy.

Why Remote Work Matters in Business Outcomes

Working from home is driving tangible results. Companies have reported a 21% rise in profitability thanks to increased flexibility, reduced overheads, and improved employee engagement. However, challenges remain. There is a marked increase in worker engagement, yet strategies and systems must be developed to ensure the productivity of workers who are completely remote.

This is where BPM tools step in, helping streamline workflows, keep teams aligned, and ultimately connect the various remote teams while enhancing the expected results.

BPM and the Evolution of Remote Work

Modern BPM Tools for Remote Work

To meet the demands of remote teams, BPM tools have advanced significantly. Platforms like CMWLab’s BPM suite are addressing the complexities of remote work and are certainly speaking the language of the remote workforce.

Key Features of Remote-Optimised BPM Tools

  • Low-Code Platforms

Empower teams to develop and adjust workflows without needing extensive coding skills.

  • Seamless Integration

Connect various business tools into a cohesive system to enhance team efficiency.

  • Collaboration Enhancements

Real-time editing, in-platform comments, and notifications keep everyone in sync.

  • Mobile Accessibility

Manage workflows on the go, with interfaces designed for mobile use.

  • Robust Security

Protect sensitive business information through encrypted data, role-based access controls, and thorough audit trails.

Why CMWLab Stands Out

CMWLab paving the way in the BPM revolution. Its platform is crafted to give businesses a strong foundation for managing remote operational structures, simplifying even the most complex processes.

Here’s how CMWLab’s platform supports remote teams:

  1. Process Standardisation

Achieve consistency across workflows, ensuring every team member is on the same page regardless of location.

  1. Telework Risk Assessments

Identify potential pain points in remote setups and implement solutions to maintain a smooth operation.

  1. Data Security

Safeguard business-critical information and ensure compliance with robust security measures.

  1. Collaboration Tools

Facilitate seamless communication and coordination to keep projects on track.

  1. Integration Capabilities

Allow remote teams to connect their favourite tools into a unified workflow, streamlining processes from end to end.

Proven BPM Strategies for Remote Environments

Organisations thriving in remote setups share common BPM strategies. Here are practical methods to consider for your own business:

  • Clear Communication

Utilise dependable tools like those available within CMWLab’s suite to maintain open and efficient communication streams.

  • Goal-Driven Operations

Set clear performance metrics and expectations for alignment across all team members.

  • Sustained Company Culture

Build a remote-friendly culture that nurtures trust, accountability, and inclusion.

  • Work-Life Balance

Introduce flexible policies so teams can enjoy autonomy without compromising productivity.

  • Employee Well-Being

Encourage mental health initiatives and professional development programs for remote workers.

  • Continuous Improvement

Regularly review feedback, optimise strategies, and adapt to evolving requirements.

Overcoming Challenges in BPM for Remote Work

Remote working has its perks but these come with a cost, technology gaps, accountability, and micromanagement while addressing communication is over the simpler more pressing barriers businesses stand face to face with.

The solution is enabling these threats to directly and single handedly be the means for success. By streamlining processes to prioritise clarity, employing scalable technology, and leveraging BPM solutions like CMWLab, organisations can stay ahead of the curve and unlock greater productivity.

What’s Next for BPM and Remote Work?

The future promises exciting innovations for BPM and remote work, and CMWLab is perfectly positioned to help businesses lead the change. Here’s what to expect beyond 2025:

  • AI-Driven BPM

Expect even smarter insights and automated functions to optimise workflows further.

  • Remote-First Hiring Across Borders

Unlock global talent pools to champion workforce diversity and innovation.

  • Stronger Employee-Centric Design

Work environments shaped by tools that prioritise flexibility and employee well-being.

  • Sustainability Strategies

Incorporate environmentally conscious workflows and technologies into your processes.

Thriving with CMWLab

BPM and remote work represent the future of business operations. Leveraging reliable BPM platforms, such as those offered by CMWLab, allows companies to remain competitive, adaptive, and efficient.

CMWLab simplifies business complexities, giving organisations the tools they need to seamlessly handle operations, promote collaboration, and stay secure—all while enabling teams to work from anywhere.

Start your transformation today with CMWLab—your partner in crafting a resilient, future-ready workforce. Get Started Now.

The post BPM and the Evolution of Remote Work: Tools and Strategies for 2025 appeared first on CMW Lab Blog.

]]>
https://www.cmwlab.com/blog/bpm-and-the-evolution-of-remote-work-tools-and-strategies-for-2025/feed/ 0
Leveraging BPM for Enhanced Cybersecurity Measures in 2025 https://www.cmwlab.com/blog/leveraging-bpm-for-enhanced-cybersecurity-measures-in-2025/ https://www.cmwlab.com/blog/leveraging-bpm-for-enhanced-cybersecurity-measures-in-2025/#respond Fri, 27 Dec 2024 13:13:08 +0000 https://www.cmwlab.com/blog/?p=7039 The World has rapidly advanced in BPM practices, and integrating them with cybersecurity is rapidly becoming a requirement for organizations as they look to secure their digital assets while also automating operations. And as we move well into 2025, this pairing will not only improve the efficiency in the area of detection & response but […]

The post Leveraging BPM for Enhanced Cybersecurity Measures in 2025 appeared first on CMW Lab Blog.

]]>
The World has rapidly advanced in BPM practices, and integrating them with cybersecurity is rapidly becoming a requirement for organizations as they look to secure their digital assets while also automating operations. And as we move well into 2025, this pairing will not only improve the efficiency in the area of detection & response but will also enhance the security systems of the organizations as a whole.



CMW Platform banner

This guide explores why this synergy matters, the trends shaping it, and actionable steps to implement BPM-enhanced cybersecurity in your business. We’ll also focus on how cutting-edge tools like CMWLab's platform can help organizations stay one step ahead of cyber threats.

The Current State of BPM and Cybersecurity in 2025

Recent data highlights the growing importance of integrating BPM with cybersecurity:

  • 75% of BPM platforms now leverage AI technologies like machine learning to optimize decision-making and responsiveness (Source).
  • The Global BPM market is expected to reach 60.5 billion USD by 2031 which would be nearly five times the number for the year 2022 (Source).
  • Alarmingly, 88% of cyber breaches happen due to human error thus the increased need of automation and standardization to secure organizations.
  • On the workforce front, 4.7 million professionals worldwide are working today to advance the field of cybersecurity.

These numbers reflect a thriving yet challenging landscape, where automation and innovation are vital to navigating complexities.

CMWLab's Platform: Your Partner in BPM-Enhanced Cybersecurity

CMWLab stands out with its robust BPM platform designed to enhance cybersecurity seamlessly. Here’s how it supports forward-thinking organizations:

1. Strengthened API Security

CMWLab offers secured APIs to ensure data integrity. This means integrations remain airtight, keeping sensitive information safe while enabling smooth cross-platform communication.

2. Advanced Threat Detection

The enterprise extends a never sleeping set of eyes over its assets through the use of AI installed software which focuses on discovering problems and resolving them before they become an issue. The software further has built in analytics which helps in overall development for the company.

3. Unified Security Management

CMWLab provides a comprehensive dashboard that unifies visibility and control, helping organizations manage vulnerabilities and maintain compliance effortlessly.

4. Continuous Optimization

This platform supports big organisations in enhancing their security by using models such as Cybersecurity Capability Maturity Model (C2M2).

5. Real-Time Process Monitoring

Stay agile with tools that allow you to track and optimize your processes in real-time, providing valuable insights to enhance both productivity and security.

By adopting CMWLab’s solutions, businesses can effectively turn their BPM into a proactive defense mechanism against cyber threats.

Best Practices to Leverage BPM for Cybersecurity

To maximize the advantages of BPM in securing your operations, follow these actionable strategies:

1. Assess and Protect Your Data Assets

  • Identify and categorize sensitive data.
  • Use encryption and role-based access controls to limit exposure.
  • Regularly back up data to safeguard against ransomware attacks.

2. Secure Endpoints and Applications

  • Deploy advanced endpoint protection software to tackle malware and zero-day attacks.
  • Conduct regular vulnerability assessments and patch updates.

3. Align BPM Processes With Compliance

  • Map BPM workflows to regulations like GDPR or PCI DSS.
  • Maintain detailed records for audits to demonstrate compliance.

4. Standardize and Document Processes

Well-documented, standardized workflows reduce operational inconsistencies and create a trackable audit trail for future reference.

5. Monitor and Optimize Continuously

  • Use real-time analytics to spot inefficiencies and potential threats.
  • Use insights to recalibrate both BPM workflows and security protocols.

6. Train Employees to Spot Risks

  • Regularly update staff on cybersecurity best practices and emerging threats.
  • Conduct simulations to prepare them for potential incidents.

7. Have an Incident Response Plan

Speed up recovery by having a predefined playbook for handling breaches effectively—think containment, investigation, and mitigation.

By adopting these best practices, businesses can reinforce their defenses while ensuring their operational processes run smoothly.

Leveraging BPM for Enhanced Cybersecurity Measures in 2024

Why Integrating BPM and Cybersecurity Matters

Organizations that merge BPM and cybersecurity enjoy several key benefits:

  • Faster Threat Response

Structured workflows streamline how incidents are detected, analyzed, and resolved, reducing downtime.

  • Improved Compliance and Risk Reduction

BPM systems align processes with regulatory demands, minimizing fines and exposure to legal risks.

  • Cost and Resource Efficiency

Process automation saves time and lowers operational costs, allowing teams to focus on what matters most.

  • Better Information Security

BPM enhances visibility over data flows, making it easier to prioritize vulnerabilities and secure sensitive information with role-based access controls.

Together, BPM and cybersecurity create a formidable pairing that enables businesses to stay competitive in an increasingly digital world.

Real-World Success Stories

Organizations worldwide are already reaping the rewards of BPM-enhanced cybersecurity:

  • Generali Slovenia streamlined underwriting and claims processes. Employees became 20% more productive while maintaining full compliance with insurance policies.
  • Central Bank fortified monetary stability by digitizing oversight activities for financial institutions, automating over 35 critical workflows.
  • Healthcare Provider secured financial operations by automating refund approvals and bank reconciliations, reducing errors and tightening controls.

These examples highlight just a fraction of what’s possible with the right strategies and technology.

Final Thoughts

BPM and cybersecurity aren’t just complementary—they’re essential to navigating the increasing complexities of 2025 and beyond. Platforms like CMWLab are leading the way, offering flexible, innovative solutions to help businesses protect what matters most.

It’s time to rethink how your organization approaches operational security. Start transforming the way you protect your assets today—because your business deserves nothing less.

The post Leveraging BPM for Enhanced Cybersecurity Measures in 2025 appeared first on CMW Lab Blog.

]]>
https://www.cmwlab.com/blog/leveraging-bpm-for-enhanced-cybersecurity-measures-in-2025/feed/ 0
The Future of BPM with AI and Machine Learning https://www.cmwlab.com/blog/the-future-of-bpm-with-ai-and-machine-learning/ https://www.cmwlab.com/blog/the-future-of-bpm-with-ai-and-machine-learning/#respond Fri, 27 Dec 2024 12:33:24 +0000 https://www.cmwlab.com/blog/?p=7030 The incorporation of AI and ML into business process management (BPM) is changing the character of business in a completely different manner. Businesses are able to improve productivity and efficiency, as well as make better planning and operational decisions. This guide states the scope of where AI currently is in BPM, characteristics of leading platforms […]

The post The Future of BPM with AI and Machine Learning appeared first on CMW Lab Blog.

]]>
The incorporation of AI and ML into business process management (BPM) is changing the character of business in a completely different manner. Businesses are able to improve productivity and efficiency, as well as make better planning and operational decisions. This guide states the scope of where AI currently is in BPM, characteristics of leading platforms like CMWLab, and trends that will characterize the future of business operations.



CMW Platform banner

Why AI and ML in BPM Are a Game-Changer

Today, AI and ML are not just tools—they are strategic enablers. From automating repetitive tasks to enhancing complex decision-making, they empower businesses to work smarter, not harder. These are statistics worth mentioning:

  • The global AI and ML market in business reached a valuation of $120.9 billion in 2022 and is projected to grow by $190.5 billion by 2032, with a projected CAGR of 32% (source).
  • Organizations implementing AI-driven BPM have reduced errors and labor-intensive workloads, achieving significant cost savings and efficiencies (source).

What Sets CMWLab’s Platform Apart?

For businesses ready to elevate their BPM strategy, CMWLab’s platform offers a comprehensive suite of advanced tools:

1. Intelligent BPM Suite (iBPMS)

CMWLab’s iBPMS all the elements of AI and robotic process automation including RPA, enabling deeper process analysis and smarter automation. This suite enhances decision-making, optimizes workflows, and predicts scores with precision.

2. Process Optimization

AI-powered features allow for a 98% improvement in process accuracy while retaining the ability to make the decisions 93% faster than traditional methods. Key tools are geared to pattern recognition, bottleneck reduction, and better resource distribution.

3. Predictive Analytics

Make use of past information to address problems and enhance cost estimates as well as make timely business decisions.

4. Natural Language Processing (NLP)

NLP capabilities streamline document classification, automate responses to customer inquiries with over 50 international languages to generate reports.

5. Low-Code Design

Providing the means for low-code, CMWLab addresses non-technical users enabling them to easily model, apply and manage processes with teams without deep technical expertise.

The Future of BPM with AI and Machine Learning

Key Trends Shaping the Future of BPM

The future of BPM will be defined by several cruitical trends:

1. Hyperautomation

Hyperautomation combines RPA, AI, and ML for end-to-end automation, delivering seamless workflows and enhanced efficiency.

2. Enhanced Predictive Insight

Predictive and prescriptive analytics allow businesses to monitor the market and understand possible threats and opportunities early thereby improving cost control and resource distribution.

3. Real-Time Monitoring

Insights generated by AI support effective real-time monitoring that allows businesses to rectify malfunctions quickly and move ahead of competition.

4. Emerging Technology Integration

Expect deeper integration between BPM platforms and technologies like blockchain, IoT, and cloud solutions, fostering growth and security.

5. Prioritizing User Experience

Virtual Assistant AI Applications, including Chatbots and Contextual Suggestions, will further personalize customers and interactions raising retention and satisfaction rates.

Overcoming Challenges in AI Adoption

Adopting AI has immense potential, but businesses may encounter roadblocks such as data quality issues, skill gaps, and integration with legacy systems. Here’s how to address these challenges:

  • Quality Data Management: Use centralized data lakes to ensure high-quality, accessible data.
  • Upskilling and Training: Invest in workforce training to bridge AI-related skill gaps.
  • Ethical AI Frameworks: Develop transparent policies to minimize biases and maintain user trust.

Why Invest in AI-Driven BPM Now?

Organizations that act now to integrate AI and ML into their BPM tools will gain lasting advantages. Leveraging platforms like CMWLab not only simplifies complex workflows but aligns operational performance with future demands for agility and innovation.

With every automated task, simplified decision, and enhanced insight, AI and ML are proving that they are not just reshaping—but revolutionizing—business process management.

The post The Future of BPM with AI and Machine Learning appeared first on CMW Lab Blog.

]]>
https://www.cmwlab.com/blog/the-future-of-bpm-with-ai-and-machine-learning/feed/ 0
Retail real estate sector is booming: how digital transformation can help to succeed? https://www.cmwlab.com/blog/retail-real-estate-sector-is-booming-how-digital-transformation-can-help-to-succeed/ https://www.cmwlab.com/blog/retail-real-estate-sector-is-booming-how-digital-transformation-can-help-to-succeed/#respond Fri, 28 Apr 2023 14:35:19 +0000 https://www.cmwlab.com/blog/?p=6686 With the end of lockdown, the retail real estate sector showed significant growth in 2022. The forecasts for 2023 prove this tendency with a retail vacancy rate falling to 4,2%. It means the beginning of an even tougher race between real estate agencies than it ever was before. How to stay on top in this […]

The post Retail real estate sector is booming: how digital transformation can help to succeed? appeared first on CMW Lab Blog.

]]>
With the end of lockdown, the retail real estate sector showed significant growth in 2022. The forecasts for 2023 prove this tendency with a retail vacancy rate falling to 4,2%. It means the beginning of an even tougher race between real estate agencies than it ever was before. How to stay on top in this highly competitive environment and what technologies can help with it? In this article, we’ll explore some of the ways that digital transformation influences the real estate industry and the benefits it brings.

Impact of the digital transformation on consuming in retail

Digital transformation, no doubts, has significantly impacted retail real estate. First of all, it has led to fundamental changes in the way retailers approach their physical spaces. One of the most noticeable changes is the lockdown shift towards online shopping, which has resulted in the closure of many physical stores and malls. According to a report by Coresight Research, a total of 9,832 stores closed in the United States in 2020, the highest number on record.

digital transformation on consuming in retail

However, the booming popularity of online shopping has not spelled the end of retail real estate. Rather, it has transformed the sector, with retailers focusing on creating more experiential and innovative physical spaces that cater to the changing needs and preferences of consumers and real estate agencies — dealing with more customer oriented and even quicker results delivery.

Augmented reality (AR) and virtual reality (VR) are two technologies that are creating more immersive and engaging shopping experiences. By enabling customers to virtually try on clothes or see how furniture would look in their home, AR and VR are making it easier for retailers to bridge the gap between online and offline shopping.

Mobile apps are another technology that is having a significant impact on retail real estate. By using mobile apps to provide personalized recommendations and in-store navigation, retailers are able to create more seamless and convenient shopping experiences for customers. According to a report by McKinsey, customers who use mobile apps while shopping are 40% more likely to purchase from a retailer than those who do not.

Digital transformation has also enabled the rise of micro-retail — a trend towards smaller, more flexible retail spaces that are designed to meet the needs of emerging retail concepts and pop-up stores. This trend has been enabled by technology, which has made it easier for retailers to set up and manage these smaller spaces. According to a report by JLL, micro-retail is a growing trend in cities across the world, with landlords and developers recognizing the benefits of these smaller spaces in creating more diverse and dynamic retail environments.

New digital opportunities

Business processes visualization. Source: CMW Platform

Business processes visualization. Source: CMW Platform

Increased Information Accessibility

One of the most significant ways that digital transformation has influenced real estate is through increased access to information. With the advent of online property listings, buyers and sellers can now access a wide range of information about properties, including photos, virtual tours, floor plans, and detailed descriptions. This has made it easier for tenants to find properties that meet their specific needs and for landlords to reach a wider audience.

According to a study by the National Association of Realtors, 93% of home buyers used the internet to search for homes in 2020, up from 44% in 2010. This shows that the vast majority of buyers now rely on digital resources to find their next home. As a result, real estate professionals need to ensure that their online presence is up-to-date and informative to capture the attention of potential buyers.

Increased Information Accessibility

Improved Efficiency in Transactions

Another benefit of digital transformation in real estate is improved efficiency in transactions. Online tools such as e-signatures, virtual notarization, and online payment systems have made it possible to complete real estate transactions entirely online, saving time and resources for buyers, sellers, and real estate professionals.

In addition, digital tools such as customer relationship management (CRM) systems and project management software have streamlined the process of managing real estate transactions. These tools allow real estate professionals to manage and track leads, communicate with clients, and monitor the progress of transactions from start to finish.

Enhanced Marketing Opportunities

Digital transformation has also brought new marketing opportunities for the real estate industry. Social media platforms such as Facebook, Instagram, and LinkedIn have made it easier for real estate professionals to reach potential clients and promote their listings. By creating engaging content and utilizing targeted advertising, real estate professionals can connect with buyers and sellers in a more personalized way.

Increased Transparency and Accountability

Digital transformation has led to increased transparency and accountability to the real estate industry. Online review platforms such as Yelp and Google Reviews allow buyers and sellers to share their experiences with real estate professionals, which can help improve the overall quality of service in the industry.

In addition, blockchain technology has the potential to transform the way real estate transactions are conducted by providing a tamper-proof ledger of all transactions. This can help prevent fraud and increase transparency in the industry.

Emerging Trends in Real Estate Technology

As digital transformation continues to influence the real estate industry, new technologies are emerging that have the potential to revolutionize the way we buy, sell, and manage real estate. Some of these emerging trends include:

Digital transformation platforms have made it easier for agencies to manage their operations and workflows. For example, real estate agents can use BPM-software to manage their leads and track their interactions with clients, as well as efficiently manage their properties and tenants. This has helped real estate agencies save time and reduce manual work, allowing them to focus on providing better service to their clients.

Artificial intelligence (AI) and machine learning: These technologies can help simplify many of the tasks involved in real estate transactions, such as lead generation, property valuation, and contract management.

Process automation: Dealing with a huge volume of information, brokers have to be sure their operations are error-free. This technology ensures minimization of human errors and enhances customer experience.

5 process automation ideas for real estate agencies

Staying on the top of a highly competitive environment now often means a transition from manual processes to automated ones. According to CMW Lab customer requests, here is the list of the most demanded operations that real estate agencies are struggling with and which are seeking for automation.

Property listing and management: This involves automating the process of creating and managing property listings, including uploading property details, photos, and videos to listing websites and social media platforms. By creating an automated listing creation process, real estate agents can save time significantly. The BPM software can automatically publish property listings to multiple websites, sync the listings across all platforms, and provide analytics to track listing performance.

Customer Relationship Management: This involves automating the process of managing customer relationships, including email and text message follow-ups, lead scoring, and lead nurturing. A BPM software can help automate these processes, providing real estate agents with a centralized platform to manage leads and track customer interactions. It can also provide insights into customer behavior, enabling real estate agents to tailor their approach to each customer.

Property valuation: This involves automating the process of property valuation, using machine learning algorithms to analyze property data and generate accurate valuations. Automating property valuation in real estate involves using technology to streamline the process of determining the market value of a property. This process can include the following steps:

  • Data collection: this can include information such as the property’s location, size, age, features, and recent sales of comparable properties in the area.
  • Information analysis: Once the data has been collected, it can be analyzed to determine the market value of the property. AI algorithms can use machine learning to analyze the data and make predictions about the property’s value based on factors such as location, size, and features.
  • Consider multiple valuation methods: Automated property valuation can incorporate various methods of valuation, including cost approach, income approach, and sales comparison approach.
  • Verify the results: While automated property valuation can provide a quick estimate of a property’s value, it’s important to verify the results with a human appraiser. A human appraiser can take into account factors that automated systems may miss, such as the condition of the property and any recent renovations.

Contract generation and management: This involves automating the process of generating and managing contracts, including digital signatures and contract tracking. This can help real estate agents streamline the sales process and reduce the time it takes to close a deal. A contract management software can automate the process of contract generation, providing real estate agents with pre-populated templates that can be customized for each client.

Document tracking. Source: CMW Platform

Document tracking. Source: CMW Platform

Lease parsing: By automating the lease parsing process, real estate agents and property managers can save time and reduce errors, while also gaining valuable insights into their leasing operations. The automated process can help them quickly and accurately process lease agreements, monitor leasing performance, and make data-driven decisions to optimize their leasing strategy. This process may consist of the above:

  • Data extraction: The first step is to extract data from the lease agreement document. This is typically done using natural language processing (NLP) and machine learning (ML) techniques. The software scans the document for relevant information, such as lease start and end dates, rent amount, security deposit, and other key terms and conditions.
  • Data validation: Once the data is extracted, it needs to be validated to ensure its accuracy and completeness. The software checks the extracted data against predefined rules and templates, and alerts the user if any errors or inconsistencies are found.
  • Data normalization: After validation, the extracted data is normalized into a standardized format, which can be easily imported into a BPM-platform for further processing.
  • Data enrichment: To provide additional context and insights, the extracted data can be enriched with other relevant information, such as property details, neighborhood information, and other relevant data sources.
  • Data analysis and reporting: The final step is to analyze and report the extracted data. The software can generate customized reports and dashboards that provide insights into key metrics such as lease duration, rental income, and occupancy rates as well as further notifications on the lease agreement dates or changes.

Conclusion

Digital transformation has brought many benefits to the real estate industry, including increased access to information, improved efficiency in transactions, enhanced marketing opportunities, increased transparency and accountability, and the emergence of new technologies that have the potential to revolutionize the industry. As technology continues to evolve, it’s essential for real estate professionals to adapt and embrace new digital tools to stay competitive in the market.

According to a report by Grand View Research, the global real estate market size is expected to reach $4,263.7 billion by 2025, with digital transformation playing a significant role in this growth. Real estate professionals who leverage digital tools and embrace emerging technologies will be well-positioned to succeed in this rapidly evolving industry.

Book a demo

Helen Belskaya is a Marketing and Communications Manager empowering companies for effective completion of their business goals with omnichannel marketing, public relations, process management and automation.

The post Retail real estate sector is booming: how digital transformation can help to succeed? appeared first on CMW Lab Blog.

]]>
https://www.cmwlab.com/blog/retail-real-estate-sector-is-booming-how-digital-transformation-can-help-to-succeed/feed/ 0
What does “hyperautomation” mean? https://www.cmwlab.com/blog/what-does-it-mean-to-hyperautomate/ https://www.cmwlab.com/blog/what-does-it-mean-to-hyperautomate/#respond Wed, 15 Mar 2023 09:47:50 +0000 https://www.cmwlab.com/blog/?p=6617 In recent years the world tech field has introduced lots of different tools and approaches to help businesses increase their results. Artificial intelligence, robots, automation, machine learning, process management – all these serve business purposes. And consequently causes lots of doubts among business people on how to implement and boost performance owing to these tools. […]

The post What does “hyperautomation” mean? appeared first on CMW Lab Blog.

]]>
In recent years the world tech field has introduced lots of different tools and approaches to help businesses increase their results. Artificial intelligence, robots, automation, machine learning, process management – all these serve business purposes. And consequently causes lots of doubts among business people on how to implement and boost performance owing to these tools. So here is when the enterprise first faces “hyperautomation”.

According to Gartner, 80% of companies are planning to increase investment into hyperautomation in the upcoming years despite business instability and supply chain problems. Being a part of digital transformation, hyperautomation helps enterprises adapt to changes rapidly with the best possible outcome.

hyperautomate

Defining the hyperatomation approach

Hyperautomation is a result-driven approach when a company automates as many possible processes and operations as possible. It involves the use of many different technologies: robotic process automation (RPA), artificial intelligence (AI), machine learning, business process management (BPM), low-code/no-code. In 2023 all these technologies are being introduced within digital transformation suites letting companies manage all processes and tools in a single environment. As a result hyperautomation became an integral part of a digital transformation, aligning RPA and AI to eliminate most of the manual business work. It gives flexibility in those areas where automation has never been possible before: processes that are not supported by any documentation or do not rely on any structured data.

Today’s digital transformation platforms provide for the agile technologies incorporation, giving a possibility to benefit from more technologies on the go. They effectively merge different tools and software within one environment empowering business people with automation capabilities. Advanced hyperautomation software includes the following functionality:

Benefits of hyperautomation

Speed up projects completion

Introduction of automation to everyday work lets involve all the employees into the business transformation process converting their knowledge into workload reductive actions.

Introducing digital workspace

Aligning different technologies within one platform creates a single digital workspace to improve employees performance. It gives freedom to connect business applications, work with unstructured data, optimize processes and find new growth opportunities.

Artificial intelligence power

When RPA works together with AI this is where the hyperautomation magic happens. It lowers the volume of manual control and reduces costs, improves efficiency on the employee and enterprise level, as well as business compliance.

Many companies do not feel ready to start automation because of the lack of data or technical specialists. But here when the low-code BPMS comes to action. Though the market is overwhelmed with products providing low-code/no-code possibilities, most of them will have limited functionality for hyperautomation. The advanced digital transformation platforms consolidate RPA, employees, CRM, bots and data to empower citizen developers for real time changes
cmw-platform-banner-2

Real impact of the hyperautomation

Healthcare

Hyperautomation can benefit the healthcare sector by improving patient satisfaction, boosting revenue, and producing more precise data. Hyperautomation is used to automate client communications, invoicing cycles, and data collection. Additionally, it can deal with managing patient records, gathering information, and producing meaningful output for more precise plans for treatment.

Hyperautomation is frequently utilized to ensure regulatory compliance, which is essential for any healthcare organization. Additionally, it can be used to schedule personnel and other resources as well as manage drug inventories and procurement. Hyperautomation has countless applications in the healthcare sector, and its advantages can benefit the company, its partners, and its clients.

Finance and banking

The banking and finance sectors are under constant pressure to lower expenses, boost productivity, and offer a more accessible and individualized service quality.

Higher data reliability can be made available to staff members through hyperautomation, allowing them to use business process management (BPM) more successfully to give consumers information that helps them decide more effectively. Hyperautomation also offers the side efficiency needed to support online banking and financial apps’ constant availability, as well as the necessary rules and reporting. Large amounts of data are used in the financial and banking industries, which can be difficult to handle. By streamlining the procedures required, hyperautomation enables faster, more reliable, and error-free processes.

Oil & Gas

Energy industry companies are now able to manage the unpredictability and fluctuation that are typical of the industry thanks to AI and ML algorithms. Enterprises aim to foresee, optimize strengths, and minimize weaknesses in sectors like electricity generation, distribution, and trading procedures by using the capabilities and performances of AI-based systems. The fact that enormous processing capacity is now affordable and can be used to speed up the training of deep learning algorithms is one of the main reasons AI has become so popular in the energy sector. The tremendous growth in data availability and storage capacity, which gives businesses superior algorithm training material, is another important factor. And when it comes to energy volume forecasting, power optimization, distribution process set up or upgrade, current risks evaluation, digital transformation platforms give their automation power.

How CMW Lab can help

CMW Lab provides its customer with digital transformation and business process management solutions that are gathered in a CMW Platform – a low-code digital transformation suite unleashing the process automation power for building innovative business apps. It gained the trust of multiple government agencies and companies such as Hertz, Aetna, CVS pharmacy. Supporting digital transformation for more than 10 years on the US market, CMW Lab products are rated #1 BPM Solutions by Gartner Peer Insights.

Our analysts team can help with business process mapping, finding the bottlenecks and improving business results without millions spending on solution deployment and management. CMW Platform guarantees security and flexibility no matter the vertical you represent and can be deployed in cloud or on-premise. Fully Open API lets create powerful integrations with RPA, AI tools for a real hyperautomation happening within one software.

Book a demo

Helen Belskaya is a Marketing and Communications Manager empowering companies for effective completion of their business goals with omnichannel marketing, public relations, process management and automation.

The post What does “hyperautomation” mean? appeared first on CMW Lab Blog.

]]>
https://www.cmwlab.com/blog/what-does-it-mean-to-hyperautomate/feed/ 0