Recent years have witnessed a growing adoption of machine learning techniques for business improvement across various fields. Among other emerging applications, organizations are exploiting opportunities to improve the performance of their business processes by using predictive models for runtime monitoring. Predictive analytics leverages machine learning and data analytics techniques to predict the future outcome of a process based on historical data. Therefore, the goal of predictive analytics is to identify future trends, and discover potential issues and anomalies in the process before they occur, allowing organizations to take proactive measures to prevent them from happening, optimizing the overall performance of the process. Prescriptive analytics systems go beyond purely predictive ones, by not only generating predictions but also advising the user if and how to intervene in a running process in order to improve the outcome of a process, which can be defined in various ways depending on the business goals; this can involve measuring process-specific Key Performance Indicators (KPIs), such as costs, execution times, or customer satisfaction, and using this data to make informed decisions about how to optimize the process. This Ph.D. thesis research work has focused on predictive and prescriptive analytics, with particular emphasis on providing predictions and recommendations that are explainable and comprehensible to process actors. In fact, while the priority remains on giving accurate predictions and recommendations, the process actors need to be provided with an explanation of the reasons why a given process execution is predicted to behave in a certain way and they need to be convinced that the recommended actions are the most suitable ones to maximize the KPI of interest; otherwise, users would not trust and follow the provided predictions and recommendations, and the predictive technology would not be adopted.
Recent years have witnessed a growing adoption of machine learning techniques for business improvement across various fields. Among other emerging applications, organizations are exploiting opportunities to improve the performance of their business processes by using predictive models for runtime monitoring. Predictive analytics leverages machine learning and data analytics techniques to predict the future outcome of a process based on historical data. Therefore, the goal of predictive analytics is to identify future trends, and discover potential issues and anomalies in the process before they occur, allowing organizations to take proactive measures to prevent them from happening, optimizing the overall performance of the process. Prescriptive analytics systems go beyond purely predictive ones, by not only generating predictions but also advising the user if and how to intervene in a running process in order to improve the outcome of a process, which can be defined in various ways depending on the business goals; this can involve measuring process-specific Key Performance Indicators (KPIs), such as costs, execution times, or customer satisfaction, and using this data to make informed decisions about how to optimize the process. This Ph.D. thesis research work has focused on predictive and prescriptive analytics, with particular emphasis on providing predictions and recommendations that are explainable and comprehensible to process actors. In fact, while the priority remains on giving accurate predictions and recommendations, the process actors need to be provided with an explanation of the reasons why a given process execution is predicted to behave in a certain way and they need to be convinced that the recommended actions are the most suitable ones to maximize the KPI of interest; otherwise, users would not trust and follow the provided predictions and recommendations, and the predictive technology would not be adopted.
Explainable Predictive and Prescriptive Process Analytics of customizable business KPIs / Galanti, Riccardo. - (2023 Sep 22).
Explainable Predictive and Prescriptive Process Analytics of customizable business KPIs
GALANTI, RICCARDO
2023
Abstract
Recent years have witnessed a growing adoption of machine learning techniques for business improvement across various fields. Among other emerging applications, organizations are exploiting opportunities to improve the performance of their business processes by using predictive models for runtime monitoring. Predictive analytics leverages machine learning and data analytics techniques to predict the future outcome of a process based on historical data. Therefore, the goal of predictive analytics is to identify future trends, and discover potential issues and anomalies in the process before they occur, allowing organizations to take proactive measures to prevent them from happening, optimizing the overall performance of the process. Prescriptive analytics systems go beyond purely predictive ones, by not only generating predictions but also advising the user if and how to intervene in a running process in order to improve the outcome of a process, which can be defined in various ways depending on the business goals; this can involve measuring process-specific Key Performance Indicators (KPIs), such as costs, execution times, or customer satisfaction, and using this data to make informed decisions about how to optimize the process. This Ph.D. thesis research work has focused on predictive and prescriptive analytics, with particular emphasis on providing predictions and recommendations that are explainable and comprehensible to process actors. In fact, while the priority remains on giving accurate predictions and recommendations, the process actors need to be provided with an explanation of the reasons why a given process execution is predicted to behave in a certain way and they need to be convinced that the recommended actions are the most suitable ones to maximize the KPI of interest; otherwise, users would not trust and follow the provided predictions and recommendations, and the predictive technology would not be adopted.File | Dimensione | Formato | |
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