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The cloud workflow platform extends functionalities, such as improved efficiency and performance and real-time visibility.

PORTLAND, PORTLAND, OR, UNITED STATE, December 16, 2021 /EINPresswire.com/ -- Business processes can be administered, coordinated and defined without any need of base platforms with the help of cloud workflow. It provides features such as real-time visibility, improved performance and efficiency. As competition and regulations are increasing across the globe, organizations are looking for solutions that will not only improve the process drive but also help the organizations to keep up with the regulations imposed.

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Traditional processes which were carried out manually were prone to errors and consumed a huge amount of time and money. Enterprises could automate processes which resulted in generating higher efficiency with the help of the cloud workforce. Because of all these advantages, organizations are shifting their traditional workflow to automated cloud-based workflow which is thereby increasing the market share of cloud workflow services. Additionally, companies to gain a competitive edge in the market have started adopting advanced technology such as artificial intelligence and machine learning to upscale their skills.

By providing cost efficiency and improved performance, artificial intelligence has affected the workflow management industry by optimizing business processes. Furthermore, analyzing the activities of users and how they deal with tasks differently is carried out with the help of machine learning. With this process, strong patterns can be identified and automation of the process with the help of machine learning can be achieved for efficient management of workflow. Therefore, technologies such as artificial intelligence and machine learning provide a great opportunity for the cloud workflow market. However, as data processes on the cloud are accessed over the internet, it is vulnerable to cyber security threats. Therefore, the absence of a secure platform can restrain the market growth of cloud workflow services.

Key Players: IBM Corporation, Verint, SAP SE, Workday, Inc., Ultimate Software, The Hackett Group, Inc., Synel, WorkForce Software, LLC, TALOS Workforce Solutions, MPEX Solutions, Ascentis Corporation

COVID-19 Scenario Analysis:

• The emergence of COVID-19 has forced the largest companies to shift their workforce to remote working globally.

• Furthermore, lockdown and restrictions have caused many organizations to shut down their operations and manufacturing processes thereby disrupting their supply chain.

• However, the dependency on technology is increasing across many sectors such as healthcare, banking, IT, retailers, manufacturing.

• To ensure proper working in the organization many enterprises have started adopting cloud computing technology rapidly.

• Cloud computing provides the organization with flexibility as organizations need changes and also allows organizations to scale up or scale down operations and storage facilities according to their needs.

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1. Workflow Orchestration Market

2. Cloud-Based Business Analytics Software Market

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