Thursday, November 21, 2019

Word of the Day: process mining software

 
Word of the Day WhatIs.com
Daily updates on the latest technology terms | November 21, 2019
process mining software

Process mining software is a type of programming that analyzes data in enterprise application event logs in order to learn how business processes are actually working. Process mining software provides the transparency administrators need to identify bottlenecks and other areas of inefficiency so they can be improved.

When the software is used to analyze the transaction or audit logs of a workflow management system, data visualization components in the software can show administrators what processes are running at any given time. Some process mining apps also allow 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 and machine learning. If there already is a model, the process mining software will compare it to the event log to identify discrepancies and their possible causes.

Use cases

 

Process mining software is especially useful for optimizing workflows in process-oriented disciplines such as business process reengineering (BPR). 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. Process mining software can analyze millions of transaction records and spot deviations from normal workflows that might indicate increased risk. 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.

Quote of the Day

 

"Those organisations that take control of their processes now will be able to get better transparency into their business and gain a greater understanding of their existing operations. In turn, this will enable them to give their customers what they want, when they want, and truly capitalise on the promise of digital business transformation." - Brian McKenna

Learning Center

 

Why CIOs need to adopt a process mining initiative

The father of process mining Wil van der Aalst weighs in on the future and explains why it's crucial for organizations to start process mining on a larger scale today.

6 ways AI and automation could improve process mining

Creating a digital twin of your enterprise, identifying automation candidates like RPA and connecting isolated tasks into processes are a few ways CIOs can advance process discovery.

Value stream mapping vs. process mapping to drive process innovation

What's the difference between value stream mapping vs. process mapping? One is focused on making an existing process more efficient, while the other dissects the value of each step.

Data visualization in machine learning boosts data scientist analytics

Data scientists offer practical insights into the role of visualization tools in building, exploring, deploying and monitoring their machine learning models.

4 powerful digital transformation examples
Four organizations succeeded in their digital transformation efforts. Here's a look at what goals they had, problems they faced and rewards they reaped.

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For feedback about any of our definitions or to suggest a new definition, please contact us at: editor@whatIs.com

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