Process Intelligence: Increasing Maturity of Adoption and Growing Use Cases
Sarah Burnett
Technology evangelist and board advisor, author of "The Autonomous Enterprise - Powered by AI", analyst, FBCS
The Evolution of Process Intelligence
The landscape of process intelligence is evolving rapidly. As businesses across the globe adopt new technologies, there's a clear transition from merely identifying automation opportunities to building smarter, more efficient operations. Additionally, organizations are recognizing the critical role of knowledge workers, who now handle more complex, high-value tasks.
From Automation to Innovation
Initially, process intelligence focused on pinpointing bottlenecks and improving operations through automation. Today, with routine tasks automated, organizations seek solutions that enhance speed, efficiency, and both customer and employee experience. Modern enterprises require technologies tailored to their unique workflows that foster growth and innovation.
Practical Applications and Benefits
Take the example of a financial services company implementing process intelligence to streamline its loan approval process. While initial automation may target simple tasks like data entry and document verification, the true potential lies in analyzing large datasets from the process to uncover deeper inefficiencies.
Process intelligence might reveal that delays in loan applications occur due to manual checks in the credit evaluation stage. By identifying the checks are done, the process intelligence software could recommend implementing AI-driven credit scoring models or generative AI applications. These could not only reduce evaluation time but also improve the accuracy of assessments.
Moreover, process intelligence can leverage generative AI to offer actionable insights, helping credit officers prioritize high-value applications and identify potential issues earlier. This example illustrates how process intelligence goes beyond basic automation, providing deep insights and adaptive solutions that drive growth and efficiency.
The Role of Data and AI
A crucial element in this shift is the ability to harness large, rich datasets. By analyzing data from various sources, businesses can gain deep insights into their operations, understand what factors impact efficiency, and make data-driven decisions that improve both human and machine performance.
One of the most exciting advancements in process intelligence is the use of generative AI. By providing AI-generated recommendations and intuitive insights, companies can quickly address challenges without the need for costly data specialists. This not only lowers costs but accelerates the delivery of actionable insights, making them accessible to a broader audience within the organization.
Real-World Impact
Real-world examples show the tangible benefits of process intelligence. Businesses have enhanced workflow capacity and tool adoption by gaining better visibility into their operations. For instance, identifying underused tools can boost both productivity and employee satisfaction, leading to a higher return on investment (ROI).
Consider the common scenario where a company introduces a new project management tool, but employees continue using outdated methods like spreadsheets and emails. This leads to inefficiencies and communication breakdowns. Through process intelligence, companies can identify these issues, optimize staff training, and improve the usability of the tool, resulting in smoother workflows and greater productivity.
Future Prospects
Modern process intelligence solutions offer flexibility, enabling organizations to address a wide range of challenges. From creating detailed business case calculations to optimizing work schedules, these tools provide precise, actionable insights that transform operations.
Looking ahead, the potential for process intelligence to revolutionize business operations is immense. The seamless integration of advanced technologies and the ever-expanding use cases will drive growth and innovation across industries. By adopting these technologies, companies can not only enhance efficiency but also improve employee work-life balance, creating a more productive and fulfilling work environment.
I discussed the growth of process intelligence and its expanding use cases with Felix Haeser , head of customer success at KYP.ai ; Click here to watch the recording: https://www.youtube.com/watch?v=dBmrzZVx8wg