
What's Your Baseline? Enterprise Architecture & Business Process Management Demystified
Ep. 47 - Process Simulation: John Hill
May 29, 2023
Explore the evolution of Process Simulation tools with AI, John Hill's background, and how Simulation aids in decision-making processes. Learn about optimizing resources, Digital Twins, and a successful client deployment example. Dive into the significance of Simulation in transforming organizations and driving business value through scientific analysis.
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Quick takeaways
- Process simulation optimizes revenue growth through strategic resource allocation and transformation initiatives.
- Digital twin concept uses process simulation for proactive decision-making and system representation.
Deep dives
Utilizing Process Simulation for Business Transformation Initiatives
Process simulation was employed by a client to optimize their 'order to cash process,' identifying that a 10% increase in annual order volume would result in missing out on 70 million in revenue. By simulating transformation initiatives, they were able to strategically allocate resources and plan for future revenue growth.
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