Real-time insights into organizational value drivers can also accelerate an organization’s ability to adapt to external developments and market challenges, helping it to sustain its competitive advantage and value creation process. Analysis of the processes can be run in the background and custom-made dashboards, linking financial and non-financial performance, can provide timely insights into the relevant cross-sections of the organization’s performance through multiple structured systems. These insights can support decision-making at a strategic and tactical level, for example regarding cost-saving potential, productivity improvements, time-to-market acceleration, and working capital optimization.
Another important application of process mining is in internal benchmarking, which can be executed with a greater level of detail and confidence than any external benchmark can provide. The variance analysis can provide valuable input for performance dialogues between leadership and management, and a conformance analysis can compare the real state of process execution against the designed or desired state, which makes it easier to spot and resolve differences and nonconformity.
Finally, internal and external auditors often use process mining for obtaining extensive functional insights into the usage of IT systems and movements of information through the organization.