IBM Buys Italy’s Process Mining Software Firm myInvenio

IBM. JHVEPhoto /

IT big IBM has acquired myInvenio, an Italian startup that builds and operates course of mining software program. myInvenio offers prospects with a complete AI-powered automation portfolio for enterprise automation – together with course of mining, robotic course of automation (RPA), doc processing, workflow, and choices – all constructed on Purple Hat OpenShift.

Process mining software may also help organizations simply seize data from enterprise transaction techniques and offers detailed — and data-driven — details about how key processes are performing.

With the acquisition of myInvenio, IBM will assist corporations overcome the problem of streamlining enterprise processes which might be cumbersome or create bottlenecks, slowing down innovation and rising prices.

“Digital transformation is accelerating throughout industries as corporations face rising challenges with managing crucial IT techniques and sophisticated enterprise purposes that span the hybrid cloud panorama,” mentioned Dinesh Nirmal, Normal Supervisor, IBM Automation.

“With IBM’s deliberate acquisition of myInvenio, we’re persevering with to put money into constructing the business’s most complete suite of AI-powered automation capabilities for enterprise automation in order that our prospects may also help workers re-claim their time to give attention to extra strategic work.”

IBM’s acquisition of myInvenio builds on its OEM agreement with the corporate. Upon shut of the acquisition, IBM has plans to combine myInvenio’s capabilities into its Automation portfolio, together with IBM Cloud Pak for Enterprise Automation, IBM’s hybrid cloud software program for utilizing AI to remodel enterprise processes and assist allow folks to be extra productive.

myInvenio capabilities reveal inefficiencies, bottlenecks and duties that may profit from automation, to assist organizations considerably cut back their working prices and enhance customer support.

Simulations might be run to evaluate automation alternatives to measure the advantages of making use of automation on the outset of the automation journey. By analyzing historic course of execution information and desktop behaviour, myInvenio expertise may also help decide the place to use RPA bots, automated choices, AI fashions, and different automation to have essentially the most impression on a enterprise.

“Via IBM’s deliberate acquisition of myInvenio, we’re revolutionizing the way in which corporations handle their course of operations,” mentioned Massimiliano Delsante, CEO, myInvenio.

“myInvenio’s distinctive functionality to robotically analyze processes and create simulations — what we name a ‘Digital Twin of an Group’ —  is becoming a member of with IBM’s AI-powered automation capabilities to raised handle course of execution. Collectively we are going to supply a complete resolution for digital course of transformation and automation to assist enterprises repeatedly rework insights into motion.”

Utilizing myInvenio’s course of mining capabilities along with IBM AI-powered automation, a corporation can streamline their accounts receivable course of by interactions with ERP and invoicing techniques.

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