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.