Process Mining- The Modern Solution for Process Optimization
As businesses become more complex, so do the processes involved. Organizations can maximize process efficiency and make business process improvements only when they understand how their workflows truly work. Traditional methods such as Business Process Mapping are subjective, lengthy, and costly exercises.
Process mining is a modern tool that can help organizations uncover the real picture of their processes, identify root causes of bottlenecks in real-time, optimize resource allocation, and increase overall productivity.
Process Mining- Data Science in Action
Process mining is a technology at the intersection of data science and process management. It enables businesses to gain process insights by extracting and transforming event logs captured through transactional systems. Essentially, process mining is data science in action.
The core components of a process mining solution can be broken down as follows:
Process Discovery
Most businesses have a desired process model in mind, but the reality is that the same process can have multiple variants across different cases. Process mining can expose the true complexity of business processes
Identify Execution Gaps
Process mining can analyze root causes or execution gaps that negatively impact key business KPIs and suggest remedies to resolve the underlying problems in the process
Drilldown Insights
By combining event data with relevant meta-information, process mining can help drill down and understand which specific business units, regions are execution gaps affecting the most.
Conformance Visibility
Gaining visibility over the as-is process can boost conformance checking activities and provide an understanding of how well the business processes comply with the predefined process models
Process Automation
Process mining takes business processes to the next level by combining AI to suggest the best actions and integrating automation workflows for monotonous manual tasks.
Process Mining at Rubikon Labs
Rubikon Labs boosts process experts, data science, and engineering professionals that can help you transform your business processes for maximum productivity.
Our process mining solutions are customized and geared towards each individual business case. Additionally, companies from multiple domains and varied business departments can benefit from our process mining solution.
