The Role of Business Process Management in Driving Digital Transformation: Insurance Company Case Study
Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 33122
The Role of Business Process Management in Driving Digital Transformation: Insurance Company Case Study

Authors: Dalia Suša Vugec, Ana-Marija Stjepić, Darija Ivandić Vidović

Abstract:

Digital transformation is one of the latest trends on the global market. In order to maintain the competitive advantage and sustainability, increasing number of organizations are conducting digital transformation processes. Those organizations are changing their business processes and creating new business models with the help of digital technologies. In that sense, one should also observe the role of business process management (BPM) and its maturity in driving digital transformation. Therefore, the goal of this paper is to investigate the role of BPM in digital transformation process within one organization. Since experiences from practice show that organizations from financial sector could be observed as leaders in digital transformation, an insurance company has been selected to participate in the study. That company has been selected due to the high level of its BPM maturity and the fact that it has previously been through a digital transformation process. In order to fulfill the goals of the paper, several interviews, as well as questionnaires, have been conducted within the selected company. The results are presented in a form of a case study. Results indicate that digital transformation process within the observed company has been successful, with special focus on the development of digital strategy, BPM and change management. The role of BPM in the digital transformation of the observed company is further discussed in the paper.

Keywords: Business process management, case study, Croatia, digital transformation, insurance company.

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1474579

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1334

References:


[1] E. Turban, D. Leidner, E. McLean and J. Wetherbe, Information Technology for Management: Transforming Organization I the Digital Economy 6th Edition. Hoboken, NJ: John Wiley & Sons, Inc, 2008, ch. 1.
[2] A. Van Looy, “A Quantitative Study of the Link between Business Process Management and Digital Innovation” In Business Process Management Forum 2017, Barcelona, 2017, vol. 297, pp. 177–192.
[3] D. Paschek, C.T. Luminosu and A. Draghici, “Automated business process management – in times of digital transformation using machine learning or artificial intelligence” In MATEC Web of Conferences matecconf/20121, France, 2017, vol. 121, pp. 04007.
[4] R. Morakanyan, A. Grace and P. O’Reilly, “Conceptualizing Digital Transformation in Business Organizations: A Systematic Review of Literature (Published Conference Proceedings style)”, In Proc. 30th Bled eConference: Digital Transformation – From Connecting Things to Transforming Our Lives, Bled, 2017, pp. 427-445.
[5] I. Ilvonen, S. Thalmann, M. Manhart and C. Sillaber, “Reconciling digital transformation and knowledge protection: a research agenda”, Knowledge Management Resarch & Practice, vol.16, no. 2, pp. 235-244, Mar. 2018.
[6] S. Benzegra, D. Hauf, M. Pretz and A. Bounfour, “When Energy Revolution Meets Digital Transformation”, In: Czarnowski I., Howlett R., Jain L. (eds) Intelligent Decision Technologies 2017. IDT 2017. Smart Innovation, Systems and Technologies, vol 73, Cham: Springer, 2017, pp. 65-81.
[7] E. Isikli, S. Yanik, E. Cevikcan, and A. Ustundag, “Project Portfolio Selection for the Digital Transformation Era”, In: Industry 4.0: Managing the digital transformation. Springer Series in Advanced Manufacturing, Cham: Spinger, 2018. pp. 105-121.
[8] O. Y. Kaminskyi, Y. O. Yereschko and S. O. Kyrychenko, “Digital transformation of university education in Ukraine: Trajectories of development in the conditions of new technological and economic order”, Information Technologies and Learning Tools, vol. 64, no. 2, pp. 128 – 137, Apr. 2018.
[9] T. Gelo and M. Družić, “Ukupna faktorska produktivnost sektora hrvatskog gospodarstva”, Ekonomska misao i praksa, no. 2, pp. 327-344, Dec. 2015.
[10] S. Hendon, “Digital transformation improves gas field operations”, Oil & gas journal, vol. 116, no. 6, pp-52-57, Jun. 2018.
[11] CJ. Saul and H. Gebauer, “Digital Transformation as an Enabler for Advanced Services in the Sanitation Sector”, Sustainability, vol. 10, no. 3, pp. 752, Mar. 2018.
[12] J. Loonam, S. Eaves, v. Kumar and G. Parry, “Towards digital transformation: Lessons learned from traditional organizations”, Strategic change-briefings in entrepreneurial finance, vol. 27, no. 2., pp. 101-109, Mar. 2018.
[13] I. Bertschek, J. Ohnemus and S. Viete, “The ZEW ICT Survey 2002 to 2015: Measuring the Digital Transformation in German Firms”, Jahrbucher fur national eokonomie und statistik, vol. 238, no. 1., pp. 87-99, Feb. 2018.
[14] B. Power, “Digital Transformation Through SaaS Multiclouds”, IEEE cloud computing, vol. 5., no. 3, pp. 27-30, May. /Jun. 2018.
[15] H. Seifert and V. Nissen, “Virtualization of Consulting Services: State of Research on Digital Transformation in Consulting and Future Research Demand” (Book section), In: Digital transformation of the consulting industry: extending the traditional delivery model, V. Nissen, Ed. Cham: Springer, 2017, pp. 61-73.
[16] H. Seifert and V. Nissen, “Crowd Workplace-A Case Study on the Digital Transformation Within IT- and Management-Consulting” (Book section), In: Digital transformation of the consulting industry: extending the traditional delivery model, V. Nissen, Ed. Cham: Springer, 2017, pp. 299-321.
[17] A. Pflaum and P. Golzer, “The IoT and Digital Transformation: Toward the Data-Driven Enterprise”, IEEE pervasive computing, vol. 17, no. 1, pp. 87-91, Jan.-Mar. 2018.
[18] M. Herrmann, P. Boehme, T. Mondritzki, JP. Ehlers, S. Kvadias and H. Truebel, “Digital Transformation and Disruption of the Health Care Sector: Internet-Based Observational Study”, Journal of medical internet research, vol. 20, no.3., pp. e104, Mar. 2018.
[19] C. Sullivan and A. Staib, “Digital disruption 'syndromes' in a hospital: important considerations for the quality and safety of patient care during rapid digital transformation”, Australian health review, vol. 42, no. 3., pp. 294-298, Jun. 2018.
[20] R. Kapur, V. Byfield, F. Del Frate, M. Higgins and S. Jagannathan, “The Digital Transformation of Education”, In: Earth Observation Open Science and Innovation. ISSI Scientific Report Series, vol 15, PP. Mathieu, C. Aubrecht, Eds. Cham: Springer, 2018, pp. 25-41.
[21] L. Kontic, and D. Vidicki “Strategy for Digital Organization: Testing a Measurement Tool for Digital Transformation”, International Journal of Strategic Management and Decision Support Systems in Strategic Management - Strategic management, vol. 23, no. 1, pp. 29-35., Jan. 2018.
[22] V. Bosilj Vukšić and A. Kovačić, Upravljanje poslovnim procesima. Zagreb: Sinergija, 2004, pp. 9
[23] T. Hyotylainen, Steps to Improved Firm Performance with Business Process Management. Tampere: Springer Gabler, 2015, ch.3
[24] A. Heberle, W. Lowe, A. Gustafsson and O. Vorrei, „Digitalization Canvas – Towards Identifying Digitalization Use Cases and Projects“, Journal of Universal Computer Science, vol. 23, no. 11, pp. 1070-1097, Nov. 2017.
[25] Gartner Inc.: Gartner IT Glossary – Digitization, available at: https://www.gartner.com/it-glossary/digitization/, 2017, Accessed on 03/07/2018.
[26] Gartner Inc.: Gartner IT Glossary – Digitalization, available at: https://www.gartner.com/it-glossary/digitalization/, 2017, Accessed on 03/07/2018.
[27] J. Vom Brocke, M. Fay, T. Schmiedel, M. Petry, F. Krause and T. Teinzer “A journey of Digital Innovation and Transformation: The Case of Hilti” (Book section), In: Shaping the Digital Enterprise, Cham: Springer, 2017, pp. 237 – 251.
[28] S. Mathrani, A. Mathrani and D. Viehland, “Using enterprise systems to realize digital business strategies”, Journal of Enterprise Information Management, vol. 26, no. 4, pp. 363.-386, Jul. 2013.
[29] K.R. Lang, and J.L. Zhao, “The Role of Electronic Commerce in the Transformation of Distance Education”, Journal of organizational computing and electronic commerce, vol. 10, no. 2, pp. 103-127, Nov. 2000.
[30] M. Lederer, J. Knapp and P. Schott, “The Digital Future Has Many Names”, In 6th International Conference on Industrial Technology and Management, 2017, March 7-10, 2017, Cambridge, UK, March 2017, pp. 22-26.
[31] D-Y. Liu, S-W. Chen and T-C. Chou, “Resource fit in digital transformation: Lessons learned from the CBC Bank global e-banking project”, Management Decision, vol. 49, no. 10, pp. 1728-1742, Nov. 2011.
[32] P. Gomber, R. J. Kauffman, C. Parker and B. W. Weber, “On the Fintech Revolution: Interpreting the Forces of Innovation, Disruption and Transformation in Financial Services”, in Financial Services, Journal of Management Information Systems, vol. 32, no. 1, pp. 220-265, Jan. 2018.
[33] Rummler-Brache Group, Business process management in US firms today, available at: http://rummler-brache.com/upload/files/PPI_Research_Results.pdf, 2004, Accessed on 22/02/2016.
[34] V. Bosilj Vukšić, Business Process Management Maturity in Croatian Companies, CBPIM 2016: 18th International Conference on Business Process Integration and Management, July 11-12, 2016, Stockholm, Sweden, July 2016, pp. 696-701.
[35] G. Westerman, D. Bonnet and A. McAfee, Leading digital: Turning technology into business transformation. Harvard Business Press: Boston, USA, 2014.
[36] Process Excellence Network Editor, Transforming Customer Experience with BPM, available at: https://www.processexcellencenetwork.com/business-process-management-bpm/whitepapers/transforming-customer-experience-with-bpm?ty-m, Accessed on 30/07/2018.
[37] Ecrion, Customer Journey Mapping, available at: https://www.ecrion.com/customer-journey-mapping, Accessed on 30/07/2018.