Last week, process intelligence decacorn Celonis held its annual customer conference, Celosphere. This in-person event was in Celonis’ founding city of Munich. The high energy was palpable among its 2,000+ attendees after three long years of virtual get-togethers. Celonis grew at dizzying rates in those three years. More importantly, it set up a much broader network of technology and services partners, rounding out the analyst and client representatives at Celosphere.
Celonis co-founder and co-CEO Alex Rinke (pictured) spoke at Celosphere about reinvention and growth by gaining completely new perspectives. The company made three product announcements in line with these themes: Process Sphere (3D process views), Business Miner (helping individuals consume insights), and Task Mining (revamped with new capabilities). HFS’ takes on the new capabilities follow:
Implementing emerging technologies in a large organization is never easy; process intelligence is no different in this respect. Many process intelligence initiatives suffer from persisting challenges in complex data integration, lack of talent, and data quality issues. Celonis expanded the universe of process mining with the Execution Management System (EMS), going from process insights into action and automation. Many customers we’ve spoken to, including some at the Celosphere event, have yet to catch up on the EMS and are still figuring out how to get the basics right. Our research shows that only up to 29% of process intelligence initiatives are considered scaled-up and industrialized by enterprise leaders.
Celonis’ new launches are promising and once again expand the universe—bringing in functionality for non-technical users and developing entirely new types of process insights. What is missing, then, is Celonis’ vision for how all its existing and new intellectual property will work together with partner apps and solutions. Both mature and new process intelligence practitioners would benefit immensely from a stitched-together perspective to help them contextualize their use of Celonis and the path ahead.
Celonis’ CMO Dave Peterson’s kick-off emphasized the company’s commitment to delivering measurable business value and finding ways to push sustainability for its customers forward. That’s a tall order in terms of impact for any emerging technology startup. But with Celonis’ increasingly global clientele and its investments in customer success programs, it just might get there.
Register now for immediate access of HFS' research, data and forward looking trends.
Get StartedIf you don't have an account, Register here |
Register now for immediate access of HFS' research, data and forward looking trends.
Get Started