6CIOReview | | MAY 2023In the wake of digitalization, organizations increasingly rely on data to optimize performance. This is compelling companies to adopt IoT and AI technologies and strategies to automate their business operations while reducing operational costs and inefficiencies. In response, the market for business process management (BPM) solutions is growing at a CAGR of more than 19.4 percent and is estimated to reach $40.6 billion by 2028.The market growth can primarily be attributed to the rising need for automation owing to its ability to improve productivity by aligning operations with business strategy. Organizations are increasingly adopting SaaS and PaaS cloud environments to become more agile and responsive to the rapid pace of change in the digital age. In addition, the growing demand for cross-functional cooperation and integration among all business functions for process automation is further propelling the market expansion.This edition of CIOReview shines a spotlight on how businesses are leveraging the latest tech trends and market expertise to cater to the increasing demand for automating business processes for enhanced productivity. It features thought leadership articles from Cristina Duta, director of intelligent automation at AECOM, who explains how digital transformation is ushering in a new era of reinvention that reimagines business models and creates new opportunities using technology. It also includes a thought leadership article from Juan Rico, head of business development - IoT at Teka Group, who explores advanced digital technologies that offer businesses a whole new set of tools to build product concepts.The edition also features ECONS, a BPM solution provider delivering contract and consulting services to businesses in the pursuit of process management excellence. It offers strategic and tactical solutions to help organizations navigate common challenges in streamlining, improving, and handling their business processes. In this edition featuring the most promising BPM solution providers and service companies, we hope you find the right partner to help you align your business functions with customer needs.Let us know your thoughts!EditorialStreamlining and Future-proofing Business Processes Copyright © 2023 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.CIOReviewEmail:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com May - 12 - 2023, Vol 12, Issue - 29 (ISSN 2644-237X) Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReviewVisualizersIssac GeorgeMichael WayneDisclaimer : * Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffJustin Smith Managing Editoreditor@cioreview.comManaging EditorJustin SmithEditorial StaffAaron PierceCarolynn WaltersShirley FaithRussell ThomasGina ClumskyYenny TurnerTiffany HayworthAbner Lawrence
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