Business term of the day - Term for July 27, 2013: "Business activity monitoring"

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Business activity monitoring (BAM) is software that aids in monitoring of business activities, as those activities are implemented in computer systems.

The term was originally coined by analysts at Gartner, Inc. and refers to the aggregation, analysis, and presentation of real-time information about activities inside organizations and involving customers and partners. A business activity can either be a business process that is orchestrated by business process management (BPM) software, or a business process that is a series of activities spanning multiple systems and applications. BAM is an enterprise solution primarily intended to provide a real-time summary of business activities to operations managers and upper management.