Skip to main content

Process Mining Software

 

Process mining software is a type of programming that analyses 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 analyse millions of transaction records and spot deviations from normal workflows that might indicate increased risk.

If the software is used to analyse 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 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.

Comments

Post a Comment

Popular posts from this blog

Black swan

A  black swan event  is an incident that occurs randomly and unexpectedly and has wide-spread ramifications. The event is usually followed with reflection and a flawed rationalization that it was inevitable. The phrase illustrates the frailty of inductive reasoning and the danger of making sweeping generalizations from limited observations. The term came from the idea that if a man saw a thousand swans and they were all white, he might logically conclude that all swans are white. The flaw in his logic is that even when the premises are true, the conclusion can still be false. In other words, just because the man has never seen a black swan, it does not mean they do not exist. As Dutch explorers discovered in 1697, black swans are simply outliers -- rare birds, unknown to Europeans until Willem de Vlamingh and his crew visited Australia. Statistician Nassim Nicholas Taleb uses the phrase black swan as a metaphor for how humans deal with unpredictable events in his 2007...
Post a Comment
Read more

A Graphics Processing Unit (GPU)

A graphics processing unit (GPU) is a computer chip that performs rapid mathematical calculations, primarily for the purpose of rendering images. A GPU may be found integrated with a central processing unit (CPU) on the same circuit, on a graphics card or in the motherboard of a personal computer or server. In the early days of computing, the CPU performed these calculations. As more graphics-intensive applications such as AutoCAD were developed; however, their demands put strain on the CPU and degraded performance. GPUs came about as a way to offload those tasks from CPUs, freeing up their processing power. NVIDIA, AMD, Intel and ARM are some of the major players in the GPU market. GPU vs. CPU A graphics processing unit is able to render images more quickly than a central processing unit because of its parallel processing architecture, which allows it to perform multiple calculations at the same time. A single CPU does not have this capability, although multi...
Post a Comment
Read more

6G (sixth-generation wireless)

6G (sixth-generation wireless) is the successor to 5G cellular technology. 6G networks will be able to use higher frequencies than 5G networks and provide substantially higher capacity and much lower latency. One of the goals of the 6G Internet will be to support one micro-second latency communications, representing 1,000 times faster -- or 1/1000th the latency -- than one millisecond throughput. The 6G technology market is expected to facilitate large improvements in the areas of imaging, presence technology and location awareness. Working in conjunction with AI, the computational infrastructure of 6G will be able to autonomously determine the best location for computing to occur; this includes decisions about data storage, processing and sharing.  Advantages of 6G over 5G 6G is expected to support 1 terabyte per second (Tbps) speeds. This level of capacity and latency will be unprecedented and wi...
Post a Comment
Read more