NEW YORK and MUNICH, October 5, 2021 / PRNewswire / – Celonis, The Global Leader In Execution Management, Today Announced A Series Of Investments In Data, Intelligence And Action To Expand The Execution Management Landscape and enable every organization in the world to run its data.
These announcements include the acquisition of Lentils.io, a pioneer in the fast growing streaming data industry; the launch of Celonis Execution Graph, a revolutionary technology that provides information on all business processes; and plans to enter into a strategic partnership with Conexiom, the leader in sales order automation to help customers seamlessly automate complex order management processes.
“Organizations are collecting more and more data across devices, applications and data pools, both in the cloud and on-premises. However, they only run on a small fraction of the data at their disposal, ”said Alex Rinké, co-founder and co-CEO of Celonis. “That’s why we built the Execution Management System, and today we’re taking it to the next level by introducing breakthrough innovations on the three pillars of our platform: data, intelligence and action. “
The imperatives of data execution: data, intelligence and action
For decades, data has been primarily used for data analysis, but underused to drive action. And regardless of the size of the ocean of data (64 zettabytes * were produced in 2020 alone), only 1 in 10 business leaders say their teams regularly use data to make decisions today. Celonis has made a series of investments, innovations and partnerships to solve this problem and leverage all this data at scale.
Celonis completes the acquisition of Lenses.io
Real-time streaming data is continuously generated from dynamic sources including media, communications, transportation, telemetry, weather and environmental systems. Continuous data is revolutionary for business processes and can make or break an organization’s ability to adapt on the fly to meet evolving market and customer expectations.
For example, how and when a product is created and delivered is influenced by a multitude of factors in real time, ranging from weather conditions to access to raw materials or even social and political trends. Companies that integrate continuous data into their execution systems can capitalize on these millisecond changes in the business environment.
Celonis acquired Lenses.io to integrate this real-time data into business execution. Before Lenses.io, real-time streaming data was very difficult to apply in day-to-day business operations due to historically difficult-to-use frameworks like Apache Kafka. Lenses.io is a pioneer in solving this problem by creating a system that makes it easy for any business to use streaming data, produced at scale, in milliseconds.
“Consumers expect real-time information and personalized experiences from all of their apps, like being notified when you need to leave your home to catch your flight,” said Antonios Chalkiopoulos, founder and CEO of Lenses.io. “What really excited me was the potential to apply the streaming data to Celonis’ execution management system. I firmly believe that the way businesses use data should be as simple as how data drives actions in our everyday lives. “
“Instantly executing on core business processes represents a huge opportunity for us,” said Maximilian Hoffmann, responsible for process digitization at Lufthansa CityLine. “The Celonis EMS is the heart of this capability, and Lenses enables us to efficiently use real-time data, take action and improve processes every moment.”
Celonis Delivers Breakthrough in Process Intelligence with Celonis Execution Graph
One of the most difficult business challenges is to understand and act effectively on the complex connections between processes. Having a complete picture of how processes influence each other across all systems, all departments, and ultimately all vendors is the next evolution in fulfillment management.
Using process insights and data gathered over the past decade, Celonis has cracked the code on how to connect events, dependencies, and process relationships in multi-system environments.
This breakthrough, called the Celonis Execution Graph, will give businesses, for the first time, a glimpse into the true nature of their ecosystem of interconnected processes. And the execution graph becomes stronger and more unique for your business with the addition of more processes and more data. The Celonis Execution Graph is powered by two unique technological innovations:
- Celonis Multi Event Log enables customers to identify and locate sticking points in one process that are caused by another process, by visualizing interconnected processes and performing cross-process analyzes.
- Celonis Signal Link is a new capability that allows companies to connect events from different processes and provides unprecedented visibility between departments and organizations within companies.
“Celonis’ execution chart is a breakthrough on the same scale as pioneering process mining ten years ago. Celonis’ new ‘ah-ha’ understands how processes interact and influence each other, and that requires an execution graph, ”said Martin Klenk, co-founder and CTO of Celonis. “Just imagine a common situation like a late delivery creating an unhappy customer. Was the problem caused by the order management process? The shipping or inventory process? Supply or production? A combination of all of the above? Celonis’ execution chart answers these questions. . “
“We have seen very promising initial results in terms of better visualization of our entire supply chain through the use of the new Celonis Signal Link capability,” said Heymen Jansen, vice president of analytics process progress at ABB. “I am extremely excited about the possibilities that the new execution chart will unlock for our various businesses. This next-level technology enables exciting new capabilities to dynamically improve process performance across our global operational networks. “
“Last year I wrote that the next battle for business software will be creating business graphics – the business equivalent of social graphics,” said R “Ray” Wang, founder of Constellation Research. “Organizations will improve their ability to execute by taking into account the relationships between users, documents, business processes and contextual data. This is an exponential breakthrough in the understanding of all business processes and operations.
Celonis Enables Smart Actions Across the Execution Management Ecosystem
Real-world processes coexist and interact with multiple applications, systems, across a wide range of use cases, value chains, and industries. It requires an ecosystem that brings both the domain and the technical expertise to apply Celonis to solve any customer issue.
Some of the most essential processes Celonis helps optimize are order-to-cash and sourcing-to-pay. Celonis announced a partnership plan with Conexiom, the world leader in customer order automation, and the launch of Touchless Order Capture, a new joint product offering in Celonis EMS. With this product, Conexiom and Celonis bring together the best technologies to allow customers to optimize their order management processes.
Celonis believes that every business can unleash its full execution capacity. Powered by its market-leading process exploration core, Celonis’ Execution Management System provides a suite of applications, as well as development studio and platform capabilities for business leaders. and users to eliminate billions of business inefficiencies. Celonis has thousands of customers around the world and is headquartered at Munich, Germany and New York City, United States with 15 offices around the world.
© 2021 Celonis SE. All rights reserved. Celonis and the Celonis “droplet” logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective holders.
* One zettabyte is the equivalent of each star in the observable universe
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