What is Process Mining?
Process mining is a field that combines data mining, process analysis, and business process management to extract insights and knowledge from event logs of a company’s information systems. It involves analyzing the data captured by information systems to gain insights into the actual performance of business processes, identify process bottlenecks, and discover opportunities for process improvement.
Process mining uses algorithms and statistical models to analyze event logs and extract information about the process flows, resource usage, and performance metrics. This analysis can help identify patterns, deviations, and inefficiencies in the processes, which can be used to optimize and improve the processes.
Process mining can be used in various business domains, including manufacturing, finance, healthcare, and logistics, among others. It provides a data-driven approach to process improvement, allowing organizations to make informed decisions based on objective data and evidence.
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Process Mining Software
Today, there are over 35 commercial process-mining vendors exists. More details are coming soon.