Process Mining vs. RPA: Benefits, Costs, and Comparison
Process management is an enormous field that is divided into various sections. It is all about dealing with the crucial aspects of creating, managing, and implementing multiple architectures by minimizing all the obstacles in the process. Among the essential constituents of process management; comes process mining, which can be seen as a blend of various technologies that help complete a project successfully, saving time and energy.
The primary purpose of process mining is to inspect the way processes work, how they originate, the hurdles that appear, and the techniques to minimize the barriers and upsets for a process' improvisation. Keep reading this blog as we will shed light on process mining, how it works, its benefits, and will compare it with RPA:
What is Process Mining?
Process mining can be defined as a process to examine and to keep an eye on the processes’ progress. Earlier process mining was done by conducting various workshops and consulting individuals to draw a picture of the processes.Since everything has modernized with time, so have the process mining techniques as they have evolved from the traditional practices to more advanced and automated ways. These days, process mining is conducted by analyzing the already available data and displaying a process based on the information.Process mining can be implemented on any process if the required data is available or stored in a system. It has made the visualization of your processes more effortless than ever before. You can use process mining to conduct an in-depth analysis, compare different strategies, monitor tasks, set benchmarks, and work on the data for improving processes.
Process Mining Benefits
Process Mining brings a series of benefits with its implementation since it is a solid upgrade from the weary traditional methods for analyzing data and project management. Let's take a look at the salient advantages of process mining in this section:
1) Process Improvements & Error Detection
All the activities that are conducted for the initiation, processing and finalization of processes are shown by the process flow. A process flow includes all the anomalies, divergences, and missed steps to help you conclude better results. A user can track the processes and check if anything goes against your target model, check for improvements, and make the needed amendments right on time. Not only that, but a process flow also informs you about the better methods, and you may implement them for improved results.
2) Timely Improvements
Process mining makes it quick and a lot simpler to get the results, so it also has the nature to accept the real-time changes in the market.It also makes the process of setting goals easier, which helps in developing an all-encompassing, assertive, and long-term optimization strategy that's also flexible and welcomes new changes without any problems.
Since many processes are running in parallel, it is impossible to monitor each project following a traditional approach. Process mining provides more clarity in process management, as it shows the progress of all processes, whether running alone or in parallel to other processes.Earlier, the visibility was quite tricky since there was a lot of paperwork involved, and with bigger projects, it was nearly impossible to track every process. Gone are the days when you had to guess if a process was failing or successfully running; with process mining, you get a clear picture of the progress of all processes.
4) Quick Results
Since process mining follows the latest approaches for optimization, it dramatically increases the pace of results. Rather than spending hours on paperwork and analysis, mining does your job in a matter of seconds.
5) Easy Monitoring
Process mining displays all your processes in great detail so that you can bring about changes at any phase to improve your processes. It allows you to either enhance the whole process or just work on the snippets of a process. All this helps you in developing a better strategy. On top of that, process mining also allows you to check how your optimizations are affecting your processes and change the strategy at any point for better results.
Process Mining and Robotic Process Automation (RPA)
Process mining has been used effectively to analyze the current state of business process performance, identify areas of improvement, and assess the results of process improvements. With process mining, you get a clear, data-driven picture of how well a process performs. The ability to see issues and solutions clearly will intrigue people working with process management. It will strengthen a company's commitment to making decisions based on data. Some businesses have already recognized process mining as a significant step in implementing RPA with better results. Many upcoming solutions will use a fusion of process mining, robotic process automation, and machine learning for best results.
How Do Process Mining and RPA Compare Against Each Other?
RPA handles all the tasks that are performed on a repeated basis, as it automates all those repetitive tasks to be done by robots in a faster and more efficient way. The RPA bots are handled via an application, and they imitate all the human actions that include regular tasks like adding, editing, removing, sorting the data, and much more. Unlike RPA, which is a solution or a tool, process mining is more like a methodology, intending to turn data into useful information and take appropriate actions. In order to digitize and automate business processes, businesses use process mining to analyze event log data for trends, correlations, and precise details about how a process develops. The new insights obtained from process mining can be used to eliminate corrupt data, efficiently allocate resources, and respond to any changes rapidly. RPA automates business processes while process mining solutions help in the CRMs and ERP systems. Despite the fact that RPA and process mining are polar opposites, they work brilliantly together.
Benefits of Using Process Mining and RPA Together
Process mining and RPA are both powerful technologies but are lethal when they come together. They help your business in the following ways:
- Process mining and RPA complement each other as the former ads system event logs to gain insight into business processes, and the latter automates these processes.
- When used together, process mining improves the efficacy of bot operations and their deployment, which results in better results.
- Process mining increases the success rate of RPA projects.
Process Mining + RPA = Hyper-automation
Hyper-automation refers to the practice of automating everything that can be automated in a business. Think of it as a combination of RPA and process mining. Using AI, ML, and other technologies, organizations adopting hyper-automation aspire to streamline operations across their business so that they can function without human involvement. Businesses implementing hyper-automation will find that process mining does much more than just identify areas for automation. The system also establishes links between different IT systems and reveals previously hidden workloads. People mostly get confused figuring out the difference between automation and hyper-automation, so let’s clear how they differ once and for all. Automation refers to the accomplishment of a routine task without the involvement of a human being. It's more common on a micro level, with solutions tailored to specific problems. Hyper-automation pertains to using various automation tools for large-scale automation projects. The tools used in process mining also produce data ready for machine consumption, allowing for the automated process's robotic automation. Hyper-automation can benefit an organization in myriad ways, including:
- Helping your workforce with teaching the right skillset.
- Improving your business via intelligence using Artificial Language and Machine Learning.
- Providing information on automating your ROI so that your business can continue to grow.
- Optimizing any business process using the latest technologies.
Process Mining and RPA Costs
Sure, process mining and RPA are not cheap. You might get scared a bit when looking at the costs of RPA and process mining. But here's the thing. You need to calculate the value they are providing against their price. Calculate how much labor costs you will be saving with their implementation. If we take into account the amounts that these tools help us save, then their amounts will look like nothing. Keep in mind that these tools aren't built for struggling small businesses or individuals; but rather for enterprises. Using RPA bots as a quick fix instead of tighter data integrations and improved ETL processes is quite common these days. RPA bots often hide technical debt by sitting on top of fragmented software landscapes. Businesses can benefit from more intelligent automation. However, many organizations are better off unraveling their technical debt to enable simple data integrations and automation within their existing software rather than embarking on RPA expeditions.
In this technological era of development, anyone abstaining from the latest technological advancements will find themselves getting stuck in the web of problems.All successful businesses are embracing process mining and robotic process automation to help them grow faster than ever. The combination of both RPA and process mining is lethal, so if you can afford it, then go for it.
Data Science Project Life Cycle: Stages & Significance
If you are a data science enthusiast, then your curiosity about the life cycle of data science projects is quite understandable. Knowing such important processes is essential in developing a better understanding of the overall subject. Data Science has come a long way since it was first introduced and is constantly evolving with time. Data Science works on data as the main subject, and all the studies and researches are conducted to derive more from the available data.
To feed all the inquisitive data scientists with the information they need, we have covered the life cycle of data science projects in great detail in this blog. Keep reading to find out about the steps involved in the life cycle.
What is a Data Science Life Cycle?
You may think of a project's data science life cycle as recurring stages that are required to be completed, and its deliverance to the client is dependent upon the successful completion of each step. Even though the life cycle contains similar steps, each company or organization follows a different approach. Data science projects require collaboration and are unsuccessful without a proper team effort. Different deployment and development teams come together on one platform to work on the given data and study it to derive various solutions and their analysis.
The data science life cycle encompasses all stages of data, from the moment it is obtained for research to when it is distributed and reused. The data lifecycle begins when a researcher or analyst comes forward with an idea or a concept. Once the concept for the study is accepted, then begins the process of collecting the relevant data. Data is stored after it is collected by the research team and is made available to other researchers to be used in the future. Once data has reached the distribution point, it is stored where other researchers can access it.
Why Do We Need Data Science?
Not too long ago, we didn't have enormous quantities of data, and it was readily available in a well-structured form to be easily stored in documents and sheets. However, as the data size increased with time, keeping big data and maintaining it became quite an obstacle and required extra effort. Companies dealing with gigantic data sizes can not rely on Excel sheets or a few folders for their storage; they want an improvised solution.
The need for maintaining and analyzing the vast data amounts gave birth to the idea of Data Science, which solves this problem using its complex algorithm, and robust technology. Data science is necessary to process, analyze, and interpret data safely. It helps the organizations better plan, set realistic goals, get a proper understanding of their current data, and focus on growth. The prominence of data science in the past few years has caused a spike in demand for data scientists throughout the world.
Five Stages of the Data Science Life Cycle
Data Science has come a long way since it emerged almost three decades back. Problems like these require a proper set of steps to tackle the issues correctly. Over the years, data scientists have developed a life cycle for data science projects and adhere to the process while working on data science problems. We all love shortcuts without realizing the damage they can provide. Some organizations prefer to jump towards the methods to solve the problem directly, without going through the proper steps. Sometimes these shortcuts solve your problem, but they almost always prove detrimental in the long run. Following the data science, life cycle steps ensure that the problem is being tackled to its core and provide a much better and more detailed analysis. The data science life cycle is divided into five steps, and we have listed the steps below along with their brief overview.
1. Business Understanding
Before you start working on your client's model, learn about the obstacles they're facing to apprehend their needs. Most people skip the pivotal step of understanding the actual problem and directly jump to the next phase and often end up in a failure or not fulfilling their client's demands. Understanding your client's issues is essential to building an efficient business model. Conduct thorough research to learn more about your client's business and ask them their expectations. Don't be reluctant to spend your time on the understanding phase, take help from the relevant people, conduct multiple meetings, and do whatever is required until you have understood the existing problems and issues. Business analysts are normally given the duty to collect customer information and send it to the data scientists team for analysis. Identifying and analyzing the objectives with the utmost accuracy is crucial, as even a tiny mistake can result in a project's failure.
2. Data Collection
Data science is non-existent without data, so collecting data is one of the most crucial life cycle stages for data science projects. When you have clearly understood your client's requirements and have analyzed the existing system and its problems, it's time to map down how to collect the required data. Consult your client, conduct team meetings, and do proper research to develop your data requirements and the methods to obtain them. Seasoned data scientists have their own ways to source, collect, and extract data to meet clients' expectations. Usually, the data analyst team is assigned to obtain the data, and they either source data via web scraping or with third-party APIs.
3. Data Preparation
Data is primarily obtained in a raw form, and the proper alignment of the scattered form is required to perceive it as information. It has to go through a cleaning process and be arranged in a proper format to be understood and used in an analytical step. The process of refining data is called data cleaning and is the core of data preparation. Once the data is presented in a structured form and is free from useless information, it helps you devise a strategy much better. Multiple sources are used for extraction during the data collection process, but they have to be compiled together in an understandable form for proper analysis. When data is typically acquired from various places, it sometimes is incomplete or has many gaps to make any sense for analysis. Data scientists have designed multiple methods to extract the missing piece and help structure the data. They also take the help of the exploratory data analysis (EDA), which identifies the important process of conducting initial research on data to find patterns, detect anomalies, and test hypotheses using statistical results and graphical representations.
4. Data Modelling
Data modeling is perhaps the core of the data science life cycle. In this step, the data scientist has to choose the appropriate model depending upon the problem. Using structured data as input, a model then outputs the desired result. Once the model family has been decided, the data scientist has to choose the right algorithm depending upon the model family that would give the best results and implements them effectively. Data scientists use the modeling stage to find data patterns and derive insights. The modeling stage marks the start of the entire data science system's analysis and allows you to measure the accuracy and relevance of your data.
5. Model Deployment
The final step of the life cycle of a data science project is the deployment phase. The step focuses on developing a delivery procedure to deliver the model to the users or a machine. The complexity of the deployment step depends upon the nature of the project. At times, it would require you to display your model output, and sometimes it would need you to scale your model to the cloud to thousands of users. Normally this step is taken care of by the application developers, SQA team, data engineers, machine engineers, and cloud engineers.
Q. What is the life cycle of a data science project?
Ans: The life cycle of a data science project comprises the five stages that lead to the project's completion. The five stages are listed as follows:
- Business Understanding
- Data Collection
- Data Preparation
- Data Modelling
- Model Deployment
Q. What is the first step in the data science life cycle?
Ans: The first step in the data science life cycle is business understanding. Data scientists should start with understanding their client's requirements first before jumping on to the next steps.
Q. What are the final stages of data science methodology?
Ans: The final stages of data science methodology include structuring the data, choosing the appropriate model, and then deploying the model.
Data science is the field that revolves over statistical methods, innovative technologies, and scientific thinking. We have tried to cover the data science life cycle in this blog and have tried to explain every step concisely and clearly. Still, if you are unclear about anything, don't hesitate to comment, and we will answer your queries ASAP!
Snowflake vs Redshift - Complete Comparison Guide
Data is the new commodity in today’s tech-driven world. With the increasing dependencies of the world on data, it proves to be the fundamental asset for small and mid-sized businesses to the big enterprises. Dependence upon data increased as enterprises started tracking records of their data for analytics and decision-making objectives.
The international big data market is predicted to grow to 103 billion U.S. dollars by 2027 with a share of 45 percent, and the software segment will occupy a notable big data market volume by 2027.
However, to keep a managed record of these overwhelming volumes of data, a proper data warehousing solution must be adapted. A data warehouse helps users in the accessibility, integrations, and more critically on the security aspect. This blog post focuses on the discussion of state-of-the-art data warehousing solutions and their detailed comparison, i.e.,
Snowflake vs. Redshift. To understand the differences between Snowflake and Redshift, we will go through some key aspects of both platforms.
What is Redshift?
Redshift can be considered a highly managed, cloud-based data warehouse service seamlessly integrated with various business intelligence (BI) tools. The only thing left is Extract, Transform, Load - ETL process to load data into the warehouse and start making informed business decisions.Amazon makes it easier for you to initiate with a few hundred gigabytes of data and scale up or down the capacity as per your requirements. It enables businesses to enjoy the perks of their data to get fruitful business insights about themselves or their customers.
If you want to launch your cloud warehouse, you have to launch a set of nodes known as a Redshift cluster. Once you have triggered the cluster, data sets can be loaded to run different data analysis operations. Irrespective of the size of your data set, you can leverage upon fast query performance by using the same SQL-based tools and BI utilities.
What is Snowflake?
Like Redshift, Snowflake is another powerful and renowned relational database management system -RDBMS. It’s introduced as an analytic data warehouse to support structured and semi-structured data that follows a Software-as-a-Service (SaaS) infrastructure.
This means it’s not set up on an existing database or a big data platform (like Hadoop). Instead, Snowflake serves as an SQL database engine with a unique infrastructure specifically developed to offer cloud services.This data and analytics solution is also quick, interactive, and offers more scalability than conventional data warehouses.
Redshift vs Snowflake - Comparison
If you have used both Redshift ETL and Snowflake ETL, you’ll probably be aware of several similarities between the two platforms. However, there are additional unique capabilities and other functionalities that each platform offers differently.Suppose you’re gearing up to run your data analytics operations entirely on the cloud. In that case, the similarities between these two state-of-the-art cloud data warehousing platforms are far more than their differences.
Snowflake offers cloud-based storage and analytics in the form of the Snowflake Scalable Data Warehouse. In this case, users can analyze and store data on cloud media.Next, data will be stored in Amazon S3. If you’re using Snowflake ETL, you can benefit from the public cloud environment without any need to integrate utilities like Hadoop.These cloud warehouse infrastructures are powerful and provide some unique features for handling overwhelming amounts of data.To choose a suitable solution for your company, one must compare integrations, features, maintenance, security, and costs.
Snowflake vs Redshift: Integration and Performance
If your business is already based on AWS, then Redshift might seem like the smart choice. However, you can also opt for Snowflake on the AWS Marketplace with on-demand utilities. If you’re already using AWS services like Athena, Database Migration Service (DMS), DynamoDB, CloudWatch, Kinesis Data Firehose, etc., Redshift shows promising compatibility with all these extensions and utilities. However, if you’re planning to use Snowflake, you need to note that it doesn’t support the same integrations as Redshift. This, in turn, will make it complex to integrate the data warehouse with services like Athena and Glue. However, Snowflake is compatible with other platforms like Apache Spark, IBM Cognos, Qlik, Tableau, etc. As a result, you can conclude that both platforms are just about even equally useful and workable. While Redshift is the more defined solution, Snowflake has completed notable miles over the last couple of years.
Snowflake vs Redshift: Database Features
Snowflake makes it simpler to share data between different accounts. So if you want to share data, for instance, with your customers, you can share it without any need to copy any of the data.This is a very smart approach to working with third-party data. But at the moment, Redshift doesn’t provide such functionality. Redshift is not compatible with semi-structured data types like Array, Object, and Variant. But Snowflake is.When it comes to handling String data types, Redshift Varchar limits data types to 65535 characters. You also have to opt from the column length ahead.On the other hand, the String range in Snowflake is limited to 16MB, and the default size is the maximum String size. As a result, you don’t have to know the String size at the start of the exercise.
Snowflake vs Redshift: Maintenance
With Amazon’s Redshift, users are encouraged to look at the same cluster and compete over on-desk resources. You have to utilize WLM queues to handle it, and it can be much complex if you consider the complex set of rules that must be acknowledged and managed. Snowflake is free from this trouble. You can easily initiate different data warehouses (of various sizes) to look at the same data without any need to copy it, and multiple copies of the same data can be distributed to different users and tasks in the simplest way possible. If we talk about Vacuuming and Analyzing the tables on regular basic copying, Snowflake ensures a turnkey solution. With Redshift, it can become troublesome as it can be an overwhelming task to scale up or down. Redshift Resize operations can also become extremely expensive suddenly and lead to notable downtime. This is not the case with Snowflake due to the separate compute and storage domains, and you don’t have to copy data to scale up or down. You can just switch data compute capacity whenever required.
Snowflake vs Redshift: Security
For any big data project, security is the core of all aspects. However, it can be difficult to maintain consistency as every new data source can likely make your cloud vulnerable to evolving threats. It can generate a gap between the data generated and the data that’s being secured. When it comes to security measures, it’s not a race between Snowflake and Redshift, as both platforms provide enhanced security. However, Redshift also provides tools and utilities to handle Access management, Amazon Virtual Private Cloud, Cluster encryption, Cluster security groups, Data in transition, Load data encryption, Log-in credentials, and Secured Socket List - SSL connections. Snowflake also provides similar tools and utilities to incorporate security and regulatory compliance. But you have to be conscious while the edition as features aren’t available across all its variants.
Snowflake vs Redshift: Costs
Both Snowflake ETL and Redshift ETL have very contrasting pricing structures. If you take a deeper look, you’ll get to know that Redshift is less expensive when it comes to on-demand pricing. Both solutions provide 30% to 70% discounts for businesses who choose prepaid plans.With a one-year or three-year Reserved Instance (RI) price model, you can access additional features that you can miss out on a standard on-demand pricing model.
Redshift charges customers based on a per-hour per-node basis, and you can calculate your monthly billing amount using the following formula:
Redshift Monthly Cost = [Price Per Hour] x [Cluster Size] x [Hours per Month]
Snowflake’s price is heavily dependent on your monthly usage. This is because each bill is generated at hour granularity for each virtual data warehouse. In addition to that, data storage costs are also separate from computational costs.For instance, storage costs on Snowflake can start at an average compressed amount at a fixed rate of $23 per terabyte. It will be summed up daily and billed each month. But compute costs will be around $0.00056 per second or credit on Snowflake’s On-Demand Standard Edition.However, it can quickly become troublesome because Snowflake offers seven tiers of computational warehouses, with the most basic cluster costing one credit or $2 per hour.
The resultant bill is likely to double as you go up a level.In simple words, if you want to play safe, then Redshift is a less expensive option for you as compared to Snowflake on-demand pricing. But to leverage from notable savings, you’ll have to register for their one or three-year RI.
Snowflake vs Redshift: Pros & Cons
Amazon Redshift Pros
- Amazon Redshift is very interactive user-friendly.
- It also requires less administration and control. For instance, all you have to do is create a cluster, choose a type of instance, and then manage to scale.
- It can be easily integrated with a variety of AWS services
- If your data is stored on Amazon S3, Spectrum can easily run difficult queries. You just have to enable scaling of the compute and storage independently.
- It’s highly favorable for aggregating/denormalizing data in a reporting environment.
- It provides very fast query execution for analytics and enables concurrent analysis.
- It provides a variety of data output formats, including JSON.
- Developers with an SQL background can enjoy the perks of PostgreSQL syntax and work with the data feasibly.
- On-demand reserved instance price structure covers both compute power and data storage, per hour and per node.
- In addition to improved database security capabilities, Amazon also has a wide array of integrated compliance models.
- Offers safe, simple, and reliable backups options
Amazon Redshift Cons
- Not suitable for transactional systems.
- Sometimes you have to roll back to an old version of Redshift while you wait for AWS to launch a new service pack.
- Amazon Redshift Spectrum will cost extra, based on the bytes scanned.
- Redshift lacks modern features and data types.
- There can be complexities with hanging queries in external tables.
- To ensure the integrity of transformed tables, you’ll also have to rely on passive mediums.
- Snowflake is suitable for enterprise-level businesses that operate mainly on the cloud.
- This data warehouse platform is extremely user-friendly and compatible with most other services.
- Its SQL interface is highly intuitive.
- Integration is simple because Snowflake itself is a cloud-based data warehouse.
- Easy to adapt and launch.
- Supports a wide array of third-party services and utilities.
- SaaS can be integrated with cloud services, data storage, and query processing.
- Data storage and compute pricing will be based on different tier and cloud providers and charged separately.
- Enable secure views and secure user-defined functions.
- Account-to-account data transfer can be done via database tables.
- Integrates easily with Amazon AWS.
- Snowflake is not recommended if you’re running a business using on-premise infrastructure that doesn’t easily support cloud services.
- A minute’s worth of Snowflake credits will also be consumed whenever you enter a virtual warehouse but charged by the second after that.
- There’s much room for improvement as Snowflake’s SQL editor needs to be upgraded to handle automated functions.
The choice between Redshift and Snowflake depends upon your usage and specific business requirements. For instance, if your organization manages overwhelming workloads ranging from the millions to billions, the obvious option here is Redshift. While their model is cost-effective, companies also can reduce their expenses by opting for query speeds at a lower price value for daily active clusters. As Redshift is a renowned Amazon product, there’s also comprehensive documentation and support that can help your employees deal with any potential problem. However, the bottom line is that your data warehouse decision has to be made based on your daily usage and the amount of data you will deal with.