Example of a mortgage loan application process (Source: Chakraborti et al. [2020b])

Example of a mortgage loan application process (Source: Chakraborti et al. [2020b])

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The inception of large language models has helped advance state-of-the-art performance on numerous natural language tasks. This has also opened the door for the development of foundation models for other domains and data modalities such as images, code, and music. In this paper, we argue that business process data representations have unique charac...

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Context 1
... business process is a collection of ordered tasks, followed by a business to produce a product or a service Weske [2012]. Figure 1 shows the example of a mortgage application process where every application must go through the same steps before a decision is made. This allows mortgage lenders to structure their process, improve consistency across loan officers and track the execution of the process for accountability, auditing and improving the provided service. ...
Context 2
... business process is a collection of ordered tasks, followed by a business to produce a product or a service Weske [2012]. Figure 1 shows the example of a mortgage application process where every application must go through the same steps before a decision is make. This allows mortgage lenders to structure their process, improve consistency across loan officers and track the execution of the process for accountability, auditing and improving the provided service. ...

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