The real next big thing in business automation

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 92%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Process mining is being combined with artificial intelligence to predict where and when bottlenecks may occur

Software-makers are now finding ways to untangle the procedural spaghetti with the help of “process mining”. Its dull name notwithstanding, it is one of the fastest-growing areas of information technology . It generated around $1bn in annual sales in 2022, reckons Gartner, anconsultancy, and could treble in size in the next few years.

The notion of process mining isn’t new; Mr van der Aalst began writing modelling algorithms in the 1990s. But it took startups like Celonis to “industrialise these ideas”, says Bastian Nominacher, who co-founded the firm in 2011 with two fellow students in Munich. They stumbled upon process mining when they were asked to fix the dysfunctionalof a local broadcaster. It took them just three months to develop their first product.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Plant based products

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines