Process Mining: A Catalyst for Digital Transformation
Futuroot Blog
by Futuroot
11M ago
Organisations today are living through uncertain times. In an incredibly competitive market climate that is more connected and complex than ever, the imperatives to be compliant, resilient, and innovative weigh heavy upon businesses, irrespective of their size. As Jeff Bezos puts it, “in today’s era of volatility, there is no other way but to re-invent.” However, is it possible to re-invent or transform something that cannot be comprehended or perceived in the proper context? It is why, despite spending a fortune on the best gear and services for Digital Transformation, businesses often fail ..read more
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The Impact of Process Mining Across Different Industries
Futuroot Blog
by Futuroot
11M ago
From multinational corporations to agile, tech-driven startups, organiwations are only as efficient as their key business processes allow them to be. Nevertheless, how is it possible to better understand and validate whether the internal workflows are functioning as intended? Indeed, as businesses grow in complexity by adding resources, technologies, and policies, it is no longer feasible to manually extract and analyse process data fast enough to make informed decisions. Process mining lets decision-makers deep dive into operations and unearth the truth instead of going by the assumptions ..read more
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Process Mining & Intelligent Automation: Helping Businesses to Be Sustainable by Design
Futuroot Blog
by Futuroot
11M ago
We live in an era where environmental consciousness is at its peak, and the single bottom line concept is fast leaving the ground for a call for more inclusive business practices. Consequently, today businesses are under immense pressure to be sustainable and environmentally friendly not only on paper but also through action.  While till now, measuring and delivering on the sustainability commitments of businesses has been a complex demand, the emergence of cutting-edge technologies like Process Mining and the marriage of Artificial Intelligence with Robotic Process Automation is playing ..read more
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New Features: Comparison Screen With Custom KPIs, KPI-Based Watchpoints, Advanced Features Redesign and Additional Enhancements
Futuroot Blog
by Futuroot
11M ago
We have enhanced the Variant Explorer Screen and the FUTUROOT SmartPDF, updated the Comparison Screen with custom KPIs and added the option for KPI-Based Watchpoints. The Advanced Feature has been redesigned to create a better user experience and you can now see the Organisational Mining Screen in Workforce Analytics. See below a quick summary of our latest updates. Variant Explorer Screen Enhancements You can now choose multiple consecutive ornon-consecutive variants and set them as an ideal process through the Variant Explorer feature. With the new functionality of switching from Graph V ..read more
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Process Mining: A Necessity for Modern Banking
Futuroot Blog
by Futuroot
11M ago
In March 2023, the news of the collapse of one of the most prominent banks in the United States grabbed the headlines worldwide. At the heart of this undoing, it appeared, is the intuition’s perilously high exposure to long-term treasury bonds since 2021. This strategy is unsustainable in the current scenario of the Federal Bank raising the interest rates to curb inflation. A subsequent chain of events threw the bank into a severe liquidity crunch and insolvency.  For many, the incident is simply one more instance of a bet gone wrong and a classic case of mismatched deposits and assets. N ..read more
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Models for Extracting Process Mining Event Logs With Privacy in Mind
Futuroot Blog
by Futuroot
11M ago
With privacy regulations and compliance growing increasingly hawkish worldwide, the application of process mining must go hand in hand with due regard for privacy rights.     ‍Only then it will deliver a net positive impact on the organisational goals.      Specifically, extracting event logs from business systems is a critical step in process mining and process discovery. Event logs provide tangible evidence for making operational decisions rather than basing these decisions on assumptions.     However, event logs also contain sensitive information like n ..read more
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Ensuring Operational Efficiency & Compliance With Process Mining
Futuroot Blog
by Futuroot
11M ago
Peter Drucker once famously said, “If you can’t measure it, you can’t manage it.” Perhaps the observation is most pertinent for modern business systems where efficiency is defined by your ability to keep your processes transparent, accountable, and aligned to global operational standards. However, as your business processes grow in complexity, how do you manage them, almost intuitively, to derive maximum efficiency and guarantee compliance? It is where deep process intelligence comes into play, allowing you to maintain a continuous oversight on your ongoing tasks and activities. It helps you ..read more
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New Features: Workforce Analytics, SmartPDF, Watchpoints, and More
Futuroot Blog
by Futuroot
11M ago
We have made the data extraction process smoother, added task performance analysis, revamped process comparison, created SmartPDF optionality and set up watchpoints monitoring. Here’s a quick overview. Smart Connectors Connect, extract, transform – all under one roof with FUTUROOT’s Extraction functionality. It will help the FUTUROOT platform to integrate seamlessly with your source system, making raw data extraction a much smoother process. The user-friendly SQL editor helps you transform raw data into event logs. FUTUROOT’s Extraction functionality   Organisational Mining with FUT ..read more
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