This paper describes an architecture and framework for business process transformation and monitoring, using active shared space along with business process solution composer, for achieving the above goals. This framework treats business data and business services as the first class citizens. The central notions of this framework are business artifacts and business services both of which users can exploit to define the key business data and performance indicators. There are producers and consumers of business artifacts and business services for the shared data space. Underlying services and data graphs can be configured in such a way that the service invocation and data mediation can be fully automated via the active shared space without human intervention. Active shared space advocates new programming paradigm that enables business level monitoring and business process execution based upon the definitions of business artifacts, business services and data graph. The architecture of the active shared space will be detailed in this paper. A reference implementation will be given for the sake of validation and discussion.