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What is clustering and business process mining?

Every organization has business processes which are typically reflected in their accounts in some way. Each business generates revenue which in a basic example is typically the result of a client purchasing a product or service. This process would be reflected in the finances of the business and the same is true of payroll, expenses and many other more complex business processes. By modeling an organization’s accounts, a machine can find all the processes that impact the finances of a business. More interestingly, clustering and group these business processes, the machine does not need to understand them. The machine does this by simply analyzing the monetary flows and understanding which accounts in the ledger participated in the transactions. In order to understand the business process groups, a machine looks for common patterns and repeated interactions.

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