Event logĪn event log is a structured file containing records and timings of events and activities within a computer database. It has since grown in meaning, and today it is often used to refer to any virtual model of a physical object, whether or not it uses predictive analytics. The term was first used in the 1990s to describe a hypothetical computer model based on an object that could predict how that object would behave under different conditions. Digital Twinĭigital twins are virtual representations of physical objects. Conformance checking can also be called conformance analysis or business process conformance checking. It is a key component of process mining software, which is the application of data mining techniques to discover, monitor, and improve processes. It is used to assess the real state of processes and to identify any variations between the should be and the as-is behavior outlined. Conformance checking / Conformance analysisĬonformance checking is a method of comparing the execution of a business process against a predefined set of conditions, such as a business process model. Each case can be identified by its individual case ID and can have attributes. Within process mining case describes a business object that runs through a particular process reflecting exactly one process cycle. Case / Case IDĪ case is a unique identifier assigned to a particular item within an IT system, such as an invoice or customer service ticket. In more simple terms, BPM is a process-focused way to improve your business. Business process managementīusiness process management (BPM) is a practice used to improve organizational performance by reviewing, documenting, and redesigning business processes and systems for greater efficiency. BPI is typically limited to a project framework and may be repeated multiple times throughout the life of the process. There are various techniques, including the widely used Six Sigma approach. Business process improvementīusiness process improvement (BPI) is the practice of incremental improvement of processes. It is often based on a multi-step framework to identify, map and improve processes within a business unit or across an organization. Business process analysisīusiness process analysis (BPA) is a method of analyzing business operations and processes to find problems and improvement opportunities. In its most basic form, any set of activities performed by a business that begins with an event, transforms data, materials, or business agreements, and yields a result. In business operations, a bottleneck is a point of congestion in a production system that limits the overall capacity of the system Business processesīusiness processes are any tasks or workflows in a business organization that can be organized in sequential order into a process. Automation rates are an excellent indicator of the potential for process automation - processes that start with low automation rates can gain great advantage from solutions such as RPA. One area where this is commonly assessed is repetitive, high volume work such as invoice approvals. Automation rateĪutomation rate refers to the amount of work that is completed automatically in contrast to human manual work. It can also be more complex, such as filling out a form or assembling a chair, which requires multiple steps. It can be as simple as approving a purchase or capping a bottle on a production line. An activity is the smallest unit of a process that a business process team chooses to illustrate in their diagrams. Processes can be broken down into smaller and smaller subsections.
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