From the course: Improve Business Process Modeling with Generative AI
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Naming typical business modeling techniques
From the course: Improve Business Process Modeling with Generative AI
Naming typical business modeling techniques
Across all industries businesses use models to represent the current state and future state of operations. Consider the common toolbox that can help transform how you understand and optimize the state of operations. These tools for business modeling, influence diagrams, flow charts and dependency matrices are incredibly practical frameworks that you can leverage regularly. Business process modeling often involves each of these tools, among many others. By understanding these techniques, you'll be better equipped to identify which can be enhanced by AI for more effective modeling. First, let's talk about influence diagrams, also known as context diagrams. These are particularly valuable when you need to make decisions that may affect many stakeholders or have various downstream outcomes. Influence diagrams help you contextualize the relationships among different organizations, products, and technologies. They also help you visualize the nature of each relationship. For example, the…
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