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IBM's new approach to Model Driven Business Transformation

New approach "Business Artifacts" for Business Process Modeling

■“Business Artifacts” provide a fundamentally new way to design and implement  
  Business Processes
       
     -
A bridge between business perspective and realization

A business artifact focuses on a key business object, and includes       
     -
Information model for the object
       
     - 
Lifecycle for the object
       
     -
A locus for interaction & collaboration between partners

There are many possible BP meta-models based on the basic notion of business artifact

IBM Research’s Project ArtiFact™ is        
     -
Creating a declarative rendition of artifact-centric
     - Exploring many aspects around the new meta-model, including user-centric, 
        implementation, 
monitoring and self-adaptation, BP life-cycle, foundations, …
        
     -
Aggressively seeking university collaborators

Reference Materials:

“Business Artifacts”: Bridging a gap between business perspective ... .
A Data-Centric Design Methodology for Business Processes