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A PERIOD OF UNPRECEDENTED CHANGE
Process Mining Outlook 2021 - 2022
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Process mining software tools like Celonis and UiPath are now worth more than $37 Billion, and the market is still growing at a 39.9% CAGR. Here is why you should be paying attention going into 2022.
A period of unprecedented technological change has swept the business process improvement industry and has left burning questions in the minds of business leaders who have long considered business process discovery as too challenging to attempt without an army of consultants in their pocket. So, what is this new category called process mining software?
From Billion Dollar Valuations to Young Upstarts Gaining Market Share, the Business Process Management Industry Braces for Another Wild Ride.
WHAT SECTORS WILL SEE THE MOST RADICAL CHANGES?
How are operations, finance, and manufacturing leaders preparing for a new wave of technology tools that will separate the winners from the losers? We break down where we were before this technological revolution, what exactly process mining software does right now, and more importantly, where is this industry we’re going.
"MID-MARKET BUSINESSES ARE MORE OPTIMISTIC THAN EVER THAT EVEN IF THEIR MANAGERS ARE NOT CONCERNED WITH PROCESS MANAGEMENT AS A WHOLE, THEY CAN STILL USE PROCESS MINING TOOLS LIKE MINDZIE TO FIND OUT HOW THEY CAN IMPROVE THEIR OPERATIONAL EFFICIENCY."
WHERE WE WERE
As 2011 began, those lifelong business process management practitioners who were involved in the process performance field for the previous 20 years were still being plagued by the same underlying problems that had caused most companies to ignore the business process management discipline in the first place. One major problem with process management was the inability to connect enterprise systems like Microsoft and SAP with process analysis, a problem which has since been solved by integrations with startups, like mindzie. Although many processes were supported by these systems which recorded large volumes of process execution data, there was very little insight into the actual process execution or what could be improved.