Wednesday, November 14, 2018

Word of the Day: process mining software

Word of the Day WhatIs.com
Daily updates on the latest technology terms | November 14, 2018
process mining software

Process mining software is a type of program that analyzes data in enterprise application event logs in order to learn how business processes are actually working. The goal of process mining software is to identify bottlenecks and other areas of inefficiency so they can be improved.

Process mining software is especially useful to optimize workflow in process-oriented disciplines, such as business process reengineering (BPR) and business process management (BPM). Vendors of process mining software claim the technology can analyze millions of transaction records and spot deviations from normal workflows that might indicate increased risk.

If the software is used to analyze the transaction logs of an ERP or CRM system or the audit logs of a workflow management system, for example, data visualization components in the software can show users what processes are running at any given time. Some process mining software also allows users to drill down to view the individual documents associated with a process.

If a process model doesn't already exist, the software will perform business process discovery to create one automatically, sometimes with the aid of artificial intelligence techniques, such as machine learning. If there is a model, the process mining software will compare it to the event log to identify discrepancies and their possible causes.

The technology is often applied to the most common and complex business processes executed in most organizations, such as order to cash, accounts payable and supply chain management. An organization might use process mining software to find the cause of unexpected delays in invoice processing, for example, by examining the logs of the accounts payable module in an ERP system. Analysis of an audit log can also spot deviations from important regulations, such as the U.S. Sarbanes-Oxley Act (SOX) rules for archiving business records or HIPAA requirements for protecting medical records.

The broader benefits of the efficiencies enabled by process mining software include reduced risk, improved customer satisfaction more revenue and better transparency of IT systems and business processes.

At least a dozen commercial software vendors specialize in process mining software and academic organizations offer free versions. Many of the products have integration that allows them to work with popular brands of enterprise applications.

Quote of the Day

 
"Process mining is all about automatically discovering the as-is business process from the data that an organization generates -- it's like an X-ray or MRI machine for your business." - Alexander Rinke

Learning Center

 

Celonis' process mining software helps manufacturer improve efficiency
Process mining software from Celonis helped manufacturing company Chart Industries understand its accounts payable and accounts receivable processes, leading to improved process efficiency. The company began a digital transformation by identifying candidates for robotic process automation.

Process mining software provides an inside view of SAP systems
Process mining software helps Vodafone get an inside look at its SAP business processes to improve operational efficiency and prepare for an S/4HANA upgrade.

What software features are key for process manufacturing ERP?
One expert shares the keys to finding the right process manufacturing ERP software features and why industry identification is critical.

Siemens uses process mining software to improve manufacturing visibility
Siemens implemented process mining software to improve visibility into its manufacturing systems and is seeing a big payoff.

Which platform for machine learning is right for your enterprise?
Does your company need a platform for machine learning, which helps turn data into insights, informing outcomes? The big names in tech, like Google, Microsoft, Amazon and others, offer machine learning platforms. Learn more about each and which is best for your business.

Quiz Yourself

 

As change is constant, you should have a process for ______ improvement of your controls and compliance efforts.
A. continual
B. continuous

Answer

Stay in Touch

 
For feedback about any of our definitions or to suggest a new definition, please contact me at: mrouse@techtarget.com

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