Individuals with expertise in areas such as Cybersecurity, Cloud Computing, and Machine Learning are in high demand, but process mining is quickly gaining traction as a must-have skill. Here are three reasons why you should think about adding it to your aptitude armoury:
Why Process Mining Is the Top Skill To Learn in 2022
With digitization becoming increasingly important, having the right set of tech skills has never been more vital for both job seekers and established professionals alike, with advanced IT know-how at top of the list.
1. Processes are everywhere!
The role of Process Management in business is gaining more importance by the day. Business Processes are an important success factor whether it comes to Supply Chain, Logistics, Finance, and Marketing. Frictionless Processes are an inherent component to company success as smooth processes drive customer satisfaction and productivity and faulty processes can be a huge cost and time factor for businesses. Over the last 20 years, awareness for Process Management has risen in businesses. The fact that over 50% of Fortune 500 companies already use Process Mining technology speaks for itself.
Process Management, and more specifically process mining, has turned into a huge field of employment as well. If you searched for jobs on Linkedin in 2021 alone, there were over 300,000 open positions related to Process Mining, Process Management, and Execution Management. There are millions of jobs in the field that will arise in the next few years.
2. A data-driven approach towards process management is strictly necessary
Moreover, we are in the middle of a digital revolution. According to an ECB survey from 2018 looking at large-scale businesses in the EURO region, big data technologies are looked into by over 80% of firms, being the biggest contributor to digital transformation followed by Cloud Computing, E-Commerce, and Artificial Intelligence (ECB Economic Bulletin, Issue 7/2018). According to a more recent post-pandemic study from the European Investment bank which compares digitization between the US and EU Region, the digitalization rate is even higher in US firms clearly fueling a rapid digital transformation (Digitalisation in Europe 2020-2021, 2021).
Process Management is equally affected by digitalization trends. Over the last 30 years I have researched how a data-driven approach can facilitate process insights and analytics. Process Mining has turned into one of the leading approaches for Process Management. Processes leave digital footprints generated through all sorts of interactions tracked using website cookies, to administrative ERP and CRM systems, to sensors and other IoT gadgets. A data-driven approach towards Process Management is necessary to survive in our digital economy.