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Thought this was interesting. Across 160 teams of researchers, just about all failed to make good life outcome predictions on things like GPA, evictions, layoffs, and others. Data followed 4.5k families across 15 years, with 13k features (varied over time). Haven't looked at it directly yet, but will be turning the docs and data inside out... In the meantime, authors claim this as showing the limits of ML. Oh, and it's published in PNAS, so you know there's some big publication energy there.
https://www.pnas.org/content/117/15/8398
Has anyone else begun to resent data science?
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The fact that Celonis enables you to quantify the financial impact of your analysis and insights makes for great resume lines
Yes, with Celonis and Signavio plus some other smaller vendors. Its cool work, finding insights about the process, identify bottlenecks, inefficiencies, etc.
A lot of organizations will not adopt a tool like Celonis claiming they can obtain the same insights from their BI tool, like Tableu and PowerBI. Which is incorrect because a BI tool cannot stitch up the end to end business process as easily as a Process Mining Tool, you can get more discrete pieces of insight with a BI Tool, but Process Insights is best obtained with a tool like Celonis.
As to how you get into this field, some practicioners come from a more functional background where they understansd a procurement, financial or supply chain process business process really well - then go on to learn the basics of the tool to work with a client. If you want to be hardcore, a good background in statistics will help, sql to pull and join data and some python to clean up data, and a good undertanding of all process mining algorithms.
I never liked the tool but I only worked in UIpath process mining. I thought it was tedious & our leadership tried to apply it everywhere which became increasingly complex. I see it being helpful in the same way most consultants view process mapping.
I am thankful that RPA isn’t a hot topic anymore though. Lord I hate RPA
The work is interesting and it’s a rapidly growing space. I love it. Clients love it.
Thanks! Can you shed some insight into your typical client industries or is it truly agnostic. How is the compensation in the field?
Process Mining is awesome! I use Celonis for most of my client engagements
How does do you get into this area? Background is BPR, some analytics, and RPA (functional side). Seems relevant, but thoughts?