MIDDLETON, Mass., January 14, 2022 /PRNewswire/ — Quadrant Knowledge Solutions today announced that it has named Minit a 2021 Technology Leader in the SPARK Matrix analysis of the global process mining market.
the Quadrant Knowledge Solutions SPARK Matrix™ includes detailed analysis of global market dynamics, key trends, vendor landscape and competitive positioning. The study provides competitive analysis and ranking of leading process mining vendors in the form of its SPARK Matrix, providing strategic insights for users to assess various vendors’ capabilities, competitive differentiation, and market position.
Process mining helps organizations analyze, identify, automate, and monitor event logs and real-time system data to improve end-to-end operational business processes. Process mining includes a dynamic set of tools that collect data from an organization’s computer systems and various data sources. This collected data helps organizations identify business gaps and address issues that may impact business process performance.
Organizations are automating their business processes to drive digital transformation, and processes play a critical role in effectively implementing these digital business initiatives. Process mining is an essential solution that uncovers existing processes in an organization and provides subject matter experts with solutions for modeling, documenting, and collaborating to redesign an organization’s business processes. Process mining also helps organizations move beyond traditional process discovery use cases and helps map process mining solutions with customer journey mapping to further improve the customer experience. Organizations are also leveraging artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) that allow them to automatically discover and optimize critical business processes.
“Minit, with its comprehensive technology for process mining, received high marks on the Technology Excellence and Customer Impact metrics and was positioned among the Technology Leaders in the SPARK 2021 Process Mining Market Matrix,” says Prandjal Singh, analyst at Quadrant Knowledge Solutions. “Minit’s AI-powered root cause analysis helps organizations automatically assess potential bottlenecks. Additionally, it uses ML algorithms for detailed metrics and statistics and advanced dashboards that combine interconnected visualization of both process mining and business intelligence.With its robust technology platform, comprehensive functional capabilities, and compelling product strategy and roadmap, Minit is well positioned to expand its market share in the global process mining market.”
Rasto Hlavac, Chief Strategy Officer at Minit, said: “We are delighted to be named leader for the fourth consecutive time by independent analysts. We appreciate that Quadrant Knowledge Solutions has recognized Minit as a technology leader in its SPARK: Process Mining 2021 Matrix, proving that our efforts and investments in both our technology and our customers are paying off.”
Minit, a leader in the process mining market according to Everest Group and NelsonHall, enables companies to achieve transparent operations by uncovering opportunities for greater operational efficiency.
Its customer-centric approach, flexible solution deployment, and risk-free model enable process experts as well as business stakeholders to quickly understand their processes and implement data-driven improvements right from the start. first day. Customers claim that Minit’s award-winning solution and its features such as AI-powered root cause analysis, simulations or patent-pending hierarchical process mining are essential for them to gain a competitive advantage in the Marlet.
Recognized by Fortune 500 companies and backed by global venture capital firms Salesforce Ventures, Earlybird VC, Target Global and OTB Ventures, Minit is transforming the way its clients approach continuous process improvement. As a fast growing company, its head office is in amsterdam with offices at New York, London, and Bratislava. Thanks to its extensive network of partners, Minit serves customers all over the world.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global consulting and advisory firm focused on helping clients achieve their business transformation goals through business strategy and growth consulting services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and advisory deliverables are designed to provide comprehensive insights and strategic insights to help clients formulate growth strategies to survive and thrive in ever-changing business environments. For more research available, please visit https://quadrant-solutions.com/market-research/
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