What do KPIs stand for in the context of process mining?

In the context of process mining, KPIs stand for Key Performance Indicators. These indicators are essential metrics used to evaluate the success of an organization in achieving its business objectives. KPIs provide measurable values that can be analyzed to understand the performance and efficiency of business processes.

By focusing on specific performance metrics, organizations can identify areas that require improvement, track progress over time, and make data-driven decisions. In process mining, KPIs help stakeholders visualize the current state of processes, identify bottlenecks, and assess overall effectiveness, thereby driving continuous improvement initiatives.

Understanding KPIs as Key Performance Indicators is critical for effectively leveraging process mining techniques and tools to enhance operational efficiency and optimize business outcomes.