Process mining BY CELONIS K.LAKSHMI SOWJANYA 20A31A0475 ECE-B,3RD YEAR INTRODUCTION Celonis is global leader in execution management. The Celonis Execution Management System provides companies a modern way to run their business processes entirely on data and intelligence. The Celonis EMS helps you not just understand your processes, but to run your entire business on data and intelligence. PQL is a domain-specific, programming language used to run process-related queries on the custom-built Celonis PQL Engine. It provides capabilities for Real-Time Data Ingestion, Process and Task Mining, Planning and Simulation, Visual and Daily Management, and Action Flows. Process mining is defined as an analytical discipline for discovering, monitoring, and improving business processes as they actually are- not as you think they might be HISTORY: Celonis was founded in 2011 by Alex Rinke, Bastian Nominacher, and Martin Klenk. In July 2015, Celonis signed a reseller agreement with SAP. Celonis has since been offered by SAP as Celonis Process Mining by SAP. Celonis was the first company from the SAP Startup Focus program to sign a reseller agreement with SAP. In June 2016, Celonis received $27.5m in series A funding led by 83North and Accel.In June 2018, Celonis received a further $50m in series B funding at a valuation of $1bn. The funding round was led by 83North and Accel.In November 2019, Celonis closed $290m in series C funding at a valuation of $2.5bn.In June 2021, Celonis raised a $1bn series D investment at $11bn valuation, becoming New York’s and Germany’s most valuable startup as per Forbes.In August 2022, it is announced that Qatar's sovereign wealth fund Qatar Investment Authority has joined Celonis as the leader of the US$400 million Series-D expansion, which was already completed in June 2021 in the amount of US$1 billion, bringing the company's valuation to around US$13 billion. Process mining introduction In current times, the majority of apps/websites we are using on a daily basis are greatly interested inhowwe are using them.That is because they want to learn from the users’ behavior and improve in order to attract or retain more users. Process mining is a set of techniques used for obtaining knowledge of and extracting insights from processes by the means of analyzing the event data, generated during the execution of the process.The end goal of process mining is to discover, model, monitor, and optimize the underlying processes About internship In this internship I had completed 2 modules which are basically important in process mining. ➢ Process Mining Fundamentals: The track "Process Mining Fundamentals for Students" gives us encompassing insights into both the theoretical and applied foundations around Process Mining. ➢ Process Mining Execution Management: Execution Management is a new category of enterprise software that combines process mining, AI, and automation to drive business performance. How does Process Mining Work? As people and software robots work with corporate IT systems, their activities are captured by those systems. Process mining transforms this data into an event log—and then creates visualizations of the end-to-end process along with insightful analyses. So you’ll have the facts you need to understand, improve, and monitor how things get done… anywhere they’re getting done Steps involved in working of process mining : Step 1: Use digital footprints to discover your process Every enterprise system—like SAP, Salesforce or Oracle—captures event data related to your processes. Process mining reads this data and transforms it into an event log. This event log contains three key pieces of information vital for process mining: a time stamp, a case ID, and an activity. Step 2: Zoom in on every process Using the event log, process mining automatically creates a process graph that lets you understand every detail of your process—including the timing of each step and all the variations in process flows. That’s exactly the level and type of detail you need. BENEFITS OF PROCESS MINING ▪ • • Objective, fact-based insights: It offers objective, fact-based insights, derived from actual data, to help you audit, analyze, and improve your existing business processes. Faster, cheaper and more accurate: It is faster, cheaper and more accurate than the lengthy and often subjective process mapping workshops. No rip-and-replace needed : Process mining works on top of your existing systems, helping you to leverage your existing technology investments.There is no rip-and-replace involved. A few more benefits of process mining are as follows : • Survey processes everywhere across the enterprise—at high scale and low human effort • Analyze processes fully and accurately based on the facts • Zero in on bottlenecks, deviations and inefficient processes that should be rethought or automated • Continuously monitor processes and measure improvements • Simplify compliance, with full audit trails • Use in any industry: financial services, telecommunications, manufacturing, healthcare or consumer goods and beyond • Analyze virtually any process in any functional area: contact centers, purchase-to-pay, order-to-cash, and many more THANK YOU