As artificial intelligence continues to expand, companies will need more than ever to ensure that human employees work efficiently alongside the company’s computer systems and tools. This is just part of the reason why the field of process mining is becoming so popular.
The process mining industry is projected to grow at an impressive compound annual growth rate (CAGR) of 49% by 2030, from just $557.11 million in 2022 to an astounding $13.5 billion. As companies continue investing in their systems, the demand for process mining professionals will grow. Glassdoor estimates that process mining consultants earn an average annual salary of $129,558. However, salary levels can vary depending on factors such as location and experience level.
For emerging graduates looking to enter the rapidly growing industry of process mining, the University of Illinois Springfield (UIS) offers an online Master of Science (MS) Management Information Systems (MIS) in Business Process Management program. This specialized program qualifies graduates for high-paying management positions in the process mining industry.
What Is Process Mining?
Built In defines process mining as an emerging data science technique that involves analyzing event logs for information regarding an organization’s underlying operational processes. In other words, process miners help companies improve their workflows by looking for digital footprints (such as an event log or computer history) to determine a company’s processes and how to improve them.
There is often a massive difference between how companies understand their processes and how employees get things done. Process mining helps companies discover these discrepancies. This field has already shown benefits, especially in industries with strict operations, such as finance, healthcare, manufacturing and logistics.
Optimizing Organizational Processes
A process miner is like a detective. A detective takes eyewitness accounts, matches them with evidence and determines the cause of a crime. Similarly, a process miner gets briefed by leadership on what a company’s process should look like, searches for digital clues to determine how the process functions and then renders a conclusion on moving forward.
There are dozens of instances where a company would find process mining valuable. Celonis highlights scenarios where process mining would be beneficial, including the following:
- Merging or partnering with another company
- Migrating systems or updating your tech stack
- Tightening up compliance programs
- Building resiliency within your supply chain
- Onboarding new software (such as AI or LLMs)
In each scenario, companies need to gain a deeper understanding of their existing workflows to refine and share them with the proper stakeholders. By better understanding their processes, companies can determine how to improve their operations, perform more efficiently and increase profitability.
Mastering Process Mining
Process mining requires comprehensive knowledge of machine learning information systems and data mining in addition to industry-specific skills. An advanced MIS degree can help graduates fine-tune these skills before entering the workforce. With this in mind, UIS offers an online MS MIS – Business Process Management.
This program offers a Business Process Management and Process Mining course that allows students to examine an organization and its relationship with suppliers, customers and competitors. Throughout the semester, students identify existing processes to design and implement new processes that optimize operations and achieve compliance. Courses like this provide the best way to gain industry-specific knowledge and experience without entering the workforce.
Advance Your Career in as Few as 12 Months at UIS
In addition to process mining courses, UIS also offers core courses on the Fundamentals of Business Analytics, Management Information Systems and Management of Database Systems. These courses help graduates establish the necessary business knowledge to prepare them for managerial roles. Upon graduation, students will not only understand process mining but also be capable of leading companies through data-based organizational changes.
Learn more about the University of Illinois Springfield’s online Master of Science in MIS in Business Process Management program.
