The Power of Data: Four Ways Process Mining Can Save Your Business

https://www.entrepreneur.com/article/341462

The Power of Data: Four Ways Process Mining Can Save Your Business

Big data play a key role in many industries, analysis the database to improve your business, at a minimum, companies have to monitor data related to budgeting, profits, and revenue. However, more and more companies rely on data analysis to track and understand marketing initiatives. Lead conversions, newsletter click rates, and website visitors are all key pieces of information that can help companies determine which measures are working and which ones may not be. Of course, there are tons of other data indicators companies use depending on their niche and objectives, and sales data is often integrated into these analyses as well.

   1. The transformation did right:
You can’t transform and scale your business without understanding what processes need to change first. In fact, a lack of information about existing processes kills 70 percent of large scale transformation projects, and 50 percent of robotic process automation programs. 

2.Understanding and collaboration:
Automation anxiety can spread fast and wide when your business looks to transform. That’s why the process mining stage is a great time to get your team onboard with your business’ broader ambitions.

3. Results-based decision making
Evidence gathered from process mining can be used to communicate tangible results to key stakeholders, management and employees. This means data can be used to justify projects and programs as well as leverage workflows. The more your business understands about their own processes, the better equipped they’ll be to transform them.
4. Peak performance management
Once you begin monitoring and measuring process performance, you won’t look back. Process mining solutions are designed to ensure your business’ daily processes are operating at their peak while regularly monitoring for inefficiencies.




      

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