The News: At PegaWorld iNspire, Pegasystems Inc. announced the acquisition of Everflow, a Brazilian process mining software company. The addition of process mining to Pega’s workflow automation solutions could lead to the most complete hyperautomation platform on the market. Read the full Press Release from Pega here.
Pega’s Everflow Acquisition Brings Intuitive Process Mining to Hyperautomation Solutions
Analyst Take: Pega’s Everflow acquisition, announced at this year’s virtual PegaWorld iNspire event, is a move I’m excited to see. Everflow is a process mining software company headquartered in Brazil. Combining Everflow’s process mining capabilities with Pega’s decisioning and workflow automation platforms, make it a very compelling enterprise hyperautomation solution. This combined functionality will allow users the ability to monitor processes and identify issues or deviations in real time, which is exactly what I think most organizations are looking for. Real time is everything today.
Process mining is, in the simplest of terms, the path to successful digital transformation. It allows organizations to streamline complex processes by recognizing inconsistencies or redundancies that are impeding workflow and impacting productivity and fix them. Everflow’s process mining solution is an intuitive one. The integration with Pega’s AI-powered workflow software will help faciliate increased ease of use and digestibility of process mining data, allowing users to identify problems quickly and effectively. Pega’s AI and automation capabilities will enable process mining results to become immediately actionable, allowing organizations to analyze and optimize processes from one complete hyperautomation solution — and quickly.
Evolving Process Mining Toward Hyperautomation
This is an acquisition by Pega that makes perfect sense — and the combination of Everflow’s software with Pega’s platform provides a value proposition that I think it will be hard to ignore. The ability to move the process mining field forward from static modeling to real-time process optimization will delivers immediate, impactful results for organizations. In pursuit of a truly hyperautomated solution, Pega’s acquisition of Everflow opens the door to innovation and evolution surrounding process mining capabilities that are user-friendly, accessible, and actionable. The new capabilities Everflow brings to the table for Pega clients will be offered as an add-on to Pega Process AI on a limited basis by the end of the year and more widely in early 2023.
I’m all in on the benefits of hyperautomation. Integrating process mining data into Pega’s workflow automation suite only makes it a more compelling offering. As the complexity of managing business processes continues to rise, smart solutions like these are needed to keep enterprises on track and flourishing. Pega’s acquisition of Everflow is a forward-looking move and one that I believe will encourage the evolution of process mining toward true hyperautomation, offering results that should significantly empower businesses to streamline and adapt processes for greater success.
As an aside, the Pegaworld iNspire event is a 100% virtual, on demand event. Even better, it’s free. If you didn’t get a chance to check it out, and if you’re interested in how automation solutions can help drive change in your organization, check out some of the sessions. I’m pretty sure you won’t be disappointed.
Disclosure: Futurum Research is a research and advisory firm that engages or has engaged in research, analysis, and advisory services with many technology companies, including those mentioned in this article. The author does not hold any equity positions with any company mentioned in this article.
Analysis and opinions expressed herein are specific to the analyst individually and data and other information that might have been provided for validation, not those of Futurum Research as a whole.
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Shelly Kramer is a Principal Analyst and Founding Partner at Futurum Research. A serial entrepreneur with a technology centric focus, she has worked alongside some of the world’s largest brands to embrace disruption and spur innovation, understand and address the realities of the connected customer, and help navigate the process of digital transformation. She brings 20 years' experience as a brand strategist to her work at Futurum, and has deep experience helping global companies with marketing challenges, GTM strategies, messaging development, and driving strategy and digital transformation for B2B brands across multiple verticals. Shelly's coverage areas include Collaboration/CX/SaaS, platforms, ESG, and Cybersecurity, as well as topics and trends related to the Future of Work, the transformation of the workplace and how people and technology are driving that transformation. A transplanted New Yorker, she has learned to love life in the Midwest, and has firsthand experience that some of the most innovative minds and most successful companies in the world also happen to live in “flyover country.”