IBM to acquire myInvenio to help organizations use AI-powered automation to optimize business processes

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ARMONK, NY, April 2021 – IBM as we speak introduced a definitive settlement to accumulate myInvenio, a course of mining software program firm primarily based in Reggio Emilia, Italy. The acquisition will present organizations with information – pushed software program that may assist them establish essentially the most impactful enterprise processes to automate the usage of AI – together with gross sales, buying, manufacturing and accounting. This can assist advance IBM’s AI and hybrid cloud technique, offering purchasers with a whole set of AI-powered automation capabilities. Monetary particulars weren’t disclosed.

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

At this time’s information underscores IBM’s continued funding in offering organizations with a novel complete A-power automation providing for enterprise automation, together with course of mining, robotic course of automation (RPA) by means of the current acquisition from WDG Automation, Doc Processing, Workflow and Resolution Making. All of those capabilities are tightly built-in with the IBM Cloud Pak for Enterprise Automation and powered by Red Hat OpenShift to run anyplace and assist clients automate their total enterprise.

“Digital transformation is accelerating throughout industries as enterprises face rising challenges with managing important IT programs and complicated enterprise functions that span the hybrid cloud panorama,” stated Dinesh Nirmal, basic supervisor of IBM Automation. “With IBM’s deliberate acquisition of myInvenio, we proceed to spend money on constructing essentially the most complete suite of AI automation capabilities for enterprise automation, so our purchasers may also help workers use their time and focus. in a extra strategic job. “

“By IBM’s deliberate acquisition of myInvenio, we’re revolutionizing the way in which firms handle their course of operations,” stated Massimiliano Delsante, CEO of myInvenio. “MyInvenio’s distinctive potential to routinely analyze processes and create simulations – what we name a Digital Twin of an Group – joins IBM’s AI-powered automation capabilities to higher handle course of execution. Collectively we are going to ship a complete answer. for digital course of transformation and automation to assist firms frequently flip insights into motion. “

IBM’s acquisition of myInvenio is predicated on its OEM settlement with the corporate. Upon closing of the acquisition, IBM plans to combine the capabilities of myInvenio into its Automation portfolio, together with the IBM Cloud Pak for Enterprise Automation, IBM’s hybrid cloud software program for utilizing AI to rework enterprise processes and assist make folks extra productive.

MyInvenio capabilities reveal inefficiencies, bottlenecks and duties that may profit from automation, to assist organizations considerably scale back their working prices and enhance customer support. Simulations could be run to guage automation alternatives to measure the advantages of making use of automation early within the automation course of. By analyzing historic conduct and course of execution information, myInvenio expertise may also help decide the place to use RPA bots, automated choices, AI fashions, and different automations to have the best enterprise influence.

MyInvenio capabilities may also be out there to IBM enterprise companions and the IBM World Enterprise Companies Automation follow to assist purchasers generate insights about their enterprise processes that might assist acquire clear roadmap information to use automation. successfully.

Utilizing myInvenio’s course of mining capabilities alongside AI-powered automation, a corporation can simplify its accounts receivable course of by analyzing interactions with ERP and billing programs. Course of mining software program helps you perceive whether or not workers spend a number of time manually analyzing invoices and auditing buy requisitions for anomalies – two processes the place AI-powered automation may also help improve effectivity and scale back prices, on the identical time. It frees up workers to do extra strategic work. One other instance includes the IT Ticketing system. Companies can use course of mining to look at the commonest IT requests and automate decision.

The transaction is topic to customary closing situations. It’s anticipated to shut on the finish of this quarter.

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