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The Future of Process Mining: Trends and Insights

Explore the emerging landscape of process mining technology, its essential features, and the integration challenges for businesses, as industry experts discuss the future of this crucial analysis tool.
A new blog post of What’s Your Baseline was published on Feb 24, 2022:

Overview:

Process mining is emerging as a significant trend in business process management, but it still faces challenges in standardization and market consolidation. As more organizations explore its functionalities, innovations and a smaller selection of vendors are expected in the coming years.

Core content:

  • Process mining is gaining traction in the industry, but it remains in the early stages of adoption.
  • Expect to see market consolidation and innovations, especially from larger vendors outside the process mining space.
  • Effective process mining tools provide features like process exploration, variant analysis, and conformance analysis.
  • Integration capabilities are crucial for data import from runtime systems and task mining tools.
  • Cost structures vary by vendor, with multiple pricing components to consider when selecting a tool.

Learnings:

  • Understanding the basics of process mining will help businesses leverage its benefits and analytics capabilities.
  • Identifying key features in process mining tools can significantly improve process analysis and visualization.
  • Knowing the integration options available can enhance how companies utilize process mining with existing systems.
  • A clear understanding of costs associated with process mining provides better budgeting and tool selection strategy.
  • Organizations can expect a more streamlined vendor landscape and innovation as process mining matures.

The original content was published in English.

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