Enhancing Business Operations with Process Mining: Automated Analysis and Continuous Optimization of Event Logs and Real-Time Data

Process mining, which includes a dynamic set of tools to capture data across an organization's IT systems and different data sources, assists enterprises in analyzing, identifying, automating, and monitoring event logs and real-time systems data to enhance end-to-end operational business processes. This aids businesses in finding holes in their operational procedures and resolving problems that might affect how well these procedures operate. The organization's "as is" business processes are dynamically seen through the conversion of the acquired data into event logs.

These event logs are automatically used by the process mining software to build a comprehensive process graph that provides fact-based insights into the business processes. With the use of these insights, firms may carry out process audits, find irregularities in the process, pinpoint the underlying reasons, streamline processes, and track the outcomes against several KPIs. Process mining also finds problems that require improvement, which helps firms to keep improving and optimizing their processes over time.

In-depth market research on developing technologies, market trends, and the prospects for the worldwide market is all included in Quadrant Knowledge Solutions' Process Mining study. Technology vendors can utilize this research's strategic information to better understand the current market and support their growth strategies, and users can assess the capabilities, competitive advantages, and market positions of various vendors.

In-depth analyses of the competitors and vendor evaluations using the exclusive SPARK Matrix analysis are included in the research. ABBYY, Appian, Apromore, BusinessOptix, Celonis, Futuroot, IBM, iGrafx, Inverbis Analytics, QAD (Livejourney), Microsoft, mindzie, mpmX, Pegasystems, process.science, QPR software, SAP Signavio, Software AG, StereoLOGIC, UiPath, UpFlux, and Workfellow are among the top Process Mining vendors ranked and positioned in the SPARK Matrix.

"A process mining system provides comprehensive, fact-based, and data-driven actionable insights to drive numerous projects related to operational excellence, process automation, and digital transformation, including conformity checking, performance mining, and encouraging enhanced process modeling.”

Table of Contents

Executive Overview

Market Definition and Overview

Market Definition

Market Overview

Key Process Mining Capabilities

Competition Landscape and Analysis

Key Competitive Differentiators

SPARK Matrix™: Process Mining, Q4 2023

Vendor Profile

Research Methodologies

Custom Research Service

Our bespoke research service is made to satisfy the unique demands of the customer by offering a tailored, comprehensive analysis of the technology market to satisfy your strategic requirements. Furthermore, our deliverable for custom research and consulting services is exceptionally potent, inventive, realistic, and useful in assisting businesses in effectively addressing business difficulties. The following are some ways that our team of knowledgeable consultants can assist you in reaching your short- and long-term business goals:

Detailed understanding of the industry structure, market participants, and value chain mapping

Business potential and opportunities of target markets, economies, and industries

Strategic planning and tactical opportunities

Go-to-market strategies

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