A rise in technologies like AI and robotic process automation (RPA) has increased the demand for process mining tools. More recently, an enterprise spurt in technology investment to respond to the pandemic has accelerated that demand.
Organizations have turned to process mining to gain more from their data. Process mining enables companies to automate and streamline operations by identifying best practices and then disseminating them across an organization. This reduces waste, allocates physical and human resources more efficiently, and enables faster responses to internal and environmental changes. Gartner estimated that the market for dedicated process mining tools grew from $110 million in 2018 to $320 million in 2019.
Process mining pinpoints where there are process inefficiencies and silos, as well as the untapped value inside workflows. But those revelations alone aren’t enough. That information must then drive execution management—actions—to fix those problems and derive value from unused sources. Execution management is a new category of software that processes data and intelligence to drive action. It works from within the same platform as process mining but takes it a step further by showing what actions can fix problems, particularly using intelligence and automation. It then allows users to take those actions through APIs, RPAs, or source data changes.
Process mining and execution management can create process models from any set of event log data. This is true across sectors and companies of any size. It’s also true of processes of every kind, like order management and invoice disputes, as described above, or even more complex activities, like finding and streamlining overlapping processes and systems in company mergers and acquisitions. These tools help deliver the promise of digital transformation—efficiency, flexibility, transparency, and speed—by using real-time data to drive meaningful action.
To guide your business through the many perks and benefits offered by process mining and execution management, Group Futurista is happy to present its 'Future of Process Mining and Execution Management for Businesses Virtual Summit to delve deeper into the workings of this new software and how it enables the disentanglement of your business’ complex data.
Register Now to secure your Digital Pass
Topic We Cover
CTO, CIO, CXO, Director, VP, Head, Manager, Specialist of -
This is an online event. You do not have to travel to any specific location. You can participate from your convenient location. The virtual event is accessible from a computer, mobile and tablet devices.
Your login details will be emailed to you ahead of the event. You can use those details to access the online event.
Absolutely. We are counting on you to invite others! Help us spread the word. You can simply share the link to this page, and they can register at their convenience.