DIREC project

AI and Blockchains for Complex Business Processes

Summary

Today, business processes in private companies and public organizations are widely supported by Enterprise Resource Planning, Business Process Management, and Electronic Case Management systems to improve the efficiency of the processes.

The combined result is however often an increasingly elaborate information systems landscape, leading to ineffectiveness, limited understanding of business processes, inability to predict and find the root cause of losses, errors, and fraud, and inability to adapt the business processes. This lack of understanding, agility and control over business processes places a major burden on companies and organizations.

Together with industry, this project aims to develop methods and tools that enable the industry to develop new efficient solutions for exploiting the huge amount of business data generated by enterprise and blockchain systems, with specific focus on tools and responsible methods for the use of process insights for business intelligence and transformation.

Project period: 2021-2025

More info

Enterprise and block chain systems generate a plethora of highly granular data recording their operation. Machine learning has a great potential to aid in the analysis of this data in order to predict errors, detect fraud and improve their efficiency. Knowledge of business processes can also be used to support the needed transformation of old and heterogeneous it landscapes to new platforms. Application areas include Anti-Money-Laundering (AML) and Know-Your-Customer (KYC) supervision of business processes in the financial sector, supply chain management in agriculture and foodstuff supply, and compliance and optimisation of workflow processes in the public sector.

The research aim of the AI and Blockchain for Complex Business Processes project is methods and tools that enable industry to develop new efficient solutions for exploiting the huge amount of business data generated by enterprise and blockchain systems, from techniques for automatic identification of business events, via the development of new rule based process mining technologies to tools for the use of process insights for business intelligence and transformation.

The project will do this through a unique bridge between industry and academia, involving two innovative, complementary industrial partners and researchers across disciplines of AI, software engineering and business intelligence from three DIREC partner universities. Open source release (under the LGPL 3.0 license) of the rule-based mining algorithms developed by the PhD assigned task 2 will ensure future enhancement and development by the research community, while simultaneously providing businesses the opportunity to include them in proprietary software.

Impact

The project will develop methods and tools that enable the industry to develop new efficient soluations for exploiting the huge amout of business data generated by entreprise systems.