Process mining - a family of techniques relating the fields of data science and process management to support the analysis of operational processes based on event logs - has the goal to turn event data into insights and actions, which can bring massive competitive advantages if used appropriately.
In 2021, analyst firm NelsonHall estimated the global Process Discovery & Mining (PDM) market to be at around US$670mn. By 2025, they project it will grow to around US$4.3bn. The pandemic exposed blind spots in business processes, across all industries. To stay competitive in this growing market, businesses need to improve their process flows and derive actionable insights. Process mining shows the path forward.
Who are ABBYY and NelsonHall?
ABBYY are trusted by over 5000 customers including many of the Fortune 500. Leaders in the field of intelligent automation, they help clients reimagine the way their staff work and accelerate their business goals by delivering the intelligence needed to fuel automation platforms. A major player in the RPA and wider intelligent automation market through strategic partnerships and embedded technology licensing with leading vendors, they aim to make robots smarter. With over 30 years experience, they are considered a global leader in Intelligent Document Processing (IDP) and process discovery and mining.
They were recently proud to have been named a leader in the NelsonHall NEAT Evaluation for the second year.
NelsonHall are one of the leading global analyst firms dedicated to helping organisations understand the 'art of the possible' in IT and business services. Through their IT services (ITS) research, they help organisations understand, adopt, and optimise adaptive approaches to IT services that underpin and enable digital transformation within the enterprise. Their business process services (BPS) research helps organisations with the next generation of digital models for business processes.
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