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2nd Edition of the International Conference on Stochastic Processes and Algebraic Structures (SPAS 2019) - From Theory Towards Applications will take place in Västerås, Sweden, September 30 - October 2, 2019. Conference is organised by the Division of Applied Mathematics, Research environment MAM, Mälardalen University, Västerås, Sweden. The goal of this conference is to showcase the frontiers of research in several important topics of mathematics, mathematical statistics and its applications. The conference will be organised along the following three tracks: Stochastic Processes / Modern statistical methods in theory and practice, Algebraic Structures and applications, Engineering Mathematics.