What you need to know
- Microsoft has acquired Minit, a company that specializes in process mining.
- Process mining can be used to identify inefficiencies in an organization's workflow by analyzing data.
- The deal was completed for an undisclosed amount and announced on March 31, 2022.
Microsoft acquired Minit, a company that offers process mining solutions, this week. Both Minit and Microsoft announced the news on March 31, 2022. The companies did not share financial details of the deal.
Process mining allows companies to identify areas of inefficiency by leveraging and analyzing data. Organizations can use process mining to look at their workflow on a broader scale. Minit analogizes process mining to looking at traffic. Managers and executives may not be able to see what's causing an issue because they can only see so much at once. Process mining is like using a helicopter to look down the road and see what's causing a traffic jam.
"For years our team has been focused on enabling global businesses to become more efficient with our market leading process mining solution. Joining forces with Microsoft means that we can deliver positive outcomes to our customers on a different scale," said Minit founder and chief strategy officer Rasto Hlavac.
Microsoft already provides process mining through Power Automate, but the acquisition of Minit should allow the company to expand its offering.
"This acquisition will further empower Microsoft to help our customers digitally transform and drive operational excellence by creating a complete picture of their business processes, enabling every process to be easily and automatically analyzed and improved," explained Microsoft. "Customers will be able to better understand their process data, uncover what operations look like in reality and drive process standardization and improvement across the entire organization to ensure compliance at every step."
