After several successful IT events organized by IIA YP, an IT event on Process Mining, Data Analytics and Big Data within Audits was organized on the 1th of June 2016 at the Rabobank and hosted by Jack Mills (EY). 35 people attended the event from many sectors including Insurance, Banking, Professional services, Retail, Telecommunications and Power & Utilities.
The event started with an introduction to the world of Data Analytics by Esther van Laarhoven (Senior Manager Data Analytics, EY). She gave an introduction into the many types of analytics being applied within risk management and performance improvement. This ranged from Customer to Tax to Fraud to Internal Audit to Process Analytics. After presenting a high level overview of the breadth of analytics available, Esther proceeded by explaining a model for embedding analytics into the internal audit life cycle through the phases of Define --> Produce --> Consume. At each phase Esther explained some of the common challenges faced, the tooling available and the outcomes. In summary, Esther presented an overview of the latest trends and developments in the world of analytics.
The second speaker, Mike van Bussel (Rabobank), took us through an interactive case on Process Mining. Mike arranged six laptops installed with the process mining tool Disco and divided the group into six teams to run through a series of process mining ‘challenges’ that each team had to solve using the tool within a given time frame. The process mining data was based on dummy data for the ‘insurance policy creation process’. The challenges included using process mining to identify segregation of duties issues, activities performed in the weekend and inefficiencies within the process. The session was highly interactive and gave the participants an opportunity to work with process mining in a real life case.
We look back on a great event in international settings, with multiple nationalities amongst the participants. We would like to thank the speakers and the participants for a great afternoon!