Why Process Mining? What does it provide and what makes it special?
One of the main benefits of Process Mining is that it allows enterprises to gain a deeper understanding of their processes. By analyzing large amounts of data, Process Mining can reveal patterns and trends that would otherwise be difficult to detect. This information can then be used to identify areas where improvements can be made, such as reducing process cycle times or increasing process compliance.
Another benefit of Process Mining is that it can help enterprises to increase their process efficiency. By identifying bottlenecks and inefficiencies, Process Mining can help enterprises to pinpoint the specific steps in a process that are causing delays or errors. This information can then be used to make targeted improvements, such as automating certain tasks or re-designing the process to eliminate unnecessary steps.
Transparency and Compliance
Process Mining can also help enterprises to improve their process compliance. By analyzing process data, Process Mining can reveal deviations from established process guidelines or regulations. This information can then be used to ensure that processes are being executed correctly and that compliance is being maintained.
In addition to these benefits, Process Mining can also help enterprises to improve their process transparency. By providing detailed, data-driven insights into how processes are being executed, Process Mining can help enterprises to increase visibility into their processes and make them more transparent to stakeholders.
If we're looking at this techincally, Process Mining can be seen as a subcategory of Business Intelligence (BI), however, are they really the same? We would argue that they are not. While similar in nature, their focus points are in different areas.
Business Intelligence (BI) is a set of strategies, technologies, and tools that organizations use to analyze and present data to support decision-making and strategic planning. BI typically involves data warehousing, reporting, and analysis tools, and is focused on providing historical, current, and predictive views of business operations.
Process Mining, on the other hand, is a technique used to analyze and improve business processes. It involves extracting data from various systems, such as enterprise resource planning (ERP) systems and process-execution logs, and using that data to create visual representations of processes and identify bottlenecks, inefficiencies, and areas for improvement. Process Mining is focused on understanding and optimizing the flow of work within an organization.
In summary, Business Intelligence is more focused on analyzing data, while Process Mining is focused on analyzing and improving business processes.
There are many Process Mining software providers. While they all provide the technology which is essntial for Process Mining, they all have different approaches to it. This obviously results in different pros and cons.
Here are some of the Process Mining software providers:
Which one should you go for? Well, it is not that simple, but we can definitely give a recommendation!
Celonis is currently a clear leader in the Process Mining market and they have the stats to back them up. In the 2022 Everest Group PEAK Matrix® for Process Mining, Celonis continues its category leadership, holding the highest reported capability scores in all nine assessment criteria including market adoption, portfolio mix, value delivered, vision and strategy, process set-up and integration, process intelligence, implementation and support, and commercial sales model.
Processand - the world's leading Process Mining service provider, has been a service partner of Celonis for almost as long as Celonis has existed, therefore, we have always had a great inter-company relationship. As it currently stands, Processand is Celonis Platinum Implementation Partner.
Overall, Process Mining is a powerful tool that can help enterprises to optimize their business processes by providing valuable insights, increasing efficiency, improving compliance, and increasing transparency. It can also help to make data-driven decisions, which will lead to better outcomes for the business.
In conclusion, Process Mining is a valuable tool for any enterprise looking to optimize their business processes. By providing valuable insights, increasing efficiency, improving compliance, and increasing transparency, Process Mining can help enterprises to make data-driven decisions and improve their overall performance. So, it is highly recommended for the enterprises to use Process Mining for the betterment of their business.
If you are intrigued by the possibilities that Process Mining offers, then what you can do right now is to contact us and get a free trial in our Celonis cloud environment. We can provide you with best use cases and help you setting up your first Celonis report. In this way, you can get acquainted with the tool and try out your first analysis!
You can also explore all the various use cases we offer here.
If you are still not sold on Process Mining, you can read more about how exactly Process Mining works here.
And don’t forget, if you are ever left wondering on how to approach the Process Mining implementation in your company, don’t hesitate to contact us any time! We have implemented over 350 processes and our reliability is proven by our 100+ satisfied customers from over 10 different industries.