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Let us help you make better business decisions. Contact us today to start your Business Process Simulation journey.
Email: sales@silicoai.com
160 Kemp House, City Road, London, EC1V 2NX, UK
In today's fast-paced business landscape, process mining alongside Process Simulation are crucial for staying competitive, as it demands more than just optimising your processes—it requires a comprehensive understanding of how those processes operate and the ability to predict their outcomes.
This is where the dynamic duo of process mining and Process Simulation comes into play, offering a powerful approach to process improvement that goes beyond traditional methods.
Business Process Simulation complements process mining by offering a forward-looking perspective, allowing organisations to model, test, and validate various scenarios based on the real process insights identified through process mining.
Want to actually see how it works with your Process Mining tools? Watch this for a quick overview.
Process Mining is the process improvement tool used to uncover the hidden gems within your organisation's operations. It starts by automatically capturing and analysing event data from your systems and applications, providing a clear and objective picture of how your processes function. By mapping out the actual flow of activities, deviations, bottlenecks, and compliance issues become apparent. This data-driven approach is often described as having X-ray vision for your processes, allowing you to see what's happening beneath the surface.
Now, imagine taking those insights from Process Mining and taking them to the next level with Process Simulation.
Business Process Simulation (BPS) is like a crystal ball for your operations. It enables you to create virtual environments where you can test "what-if" scenarios and simulate the impact of process changes before implementing them in the real world. This predictive power is invaluable for decision-makers seeking to optimise processes while minimising risks. Process Simulation also links these insights directly to operational and commercial Key Performance Indicators (KPIs) that matter to your organisation.
Process Simulation is a technique used to model an organisation’s processes and simulate their performance in different conditions and future scenarios.
On the other hand, Process Mining uses event logs to explore and analyse an organisation’s processes. It reconstructs the sequence of events that have taken place in the past, providing insights into the process flow, bottlenecks, and inefficiencies. Process Mining software is often used for process discovery to discover the as-is state of a business process, providing a factual baseline for process improvement.
Unlike Process Mining which is retrospective and focuses on understanding past events, Process Simulation is analytical and future-focused. It enables organisations to model and simulate potential future scenarios and visualise the effects of changes. This can be instrumental in strategic decision-making and planning for future growth and improvements.
BPS provides the ability to analyse the impact of changes in one part of the process on the whole. This is particularly useful in complex processes where changes can have ripple effects throughout the system.
BPS allows for the direct linking of process performance to key performance and commercial objectives, ensuring that process improvements are aligned with your organisation’s objectives.
Silico offers the flexibility to alter processes as you would in real life, allowing you to change what you want and immediately see the effect. This level of control and immediacy is not typically available in process mining tools, which are more focused on analysing historical data and process bottlenecks.
Silico enables you to connect your decisions to your business outcomes, eliminating guesswork and uncertainty and offering a clear view into the future of your business. Process mining tools, on the other hand, is more centred on understanding and improving the existing processes based on historical event logs without a direct link to strategic business outcomes.
Silico offers an adaptable, transparent simulation platform. It enables continuous experimentation with process variants and optimisations, a feature often lacking in process mining simulation tools, thereby allowing decision-makers to test and improve processes on an ongoing basis, in real time.
BPS helps businesses connect their decisions to their business outcomes, eliminating guesswork and uncertainty. This provides a clear view into the future of the business and uncovers the route to reach optimal business performance.
BPS allows organisations to build flexible and adaptable models that reveal the impact of every action, from small improvement initiatives to large scale implementation projects.
While process mining is based on historical data, the mined data can be used as the basis for future simulation models. Thereby, BPS enables organisations to expand these insights into forward-looking scenarios.
Why should you start your Business Process Simulation journey?
Embarking on a Business Process Simulation journey equips your organisation for strategic success. Process Simulation facilitates quick, data-driven decisions, boosts efficiency and fosters continuous improvement across your organisation, on top of process mining. Lay the groundwork for a Digital Twin of your Organisation and prioritise based on what outcomes matter most.
Getting started with BPS is effortless with Silico’s streamlined 4-week Proof of Value, allowing you to swiftly harness the value of BPS and significantly enhance your organisation’s processes, following on from your process mining use cases.
Looking to uncover the opportunities hiding in your processes beyond your process mining insights?
Download our quick guide to using Process Simulation after Process Mining:
