Reporting on location at Celosphere 2023 in Munich, analysts Tom Smith and Kieron Allen discuss takeaways from the event. The pair discuss how the event has been highlighting process mining and sustainability as well as major product announcements coming from Celonis, including its Process Intelligence Graph.
00:20 — While at Celosphere, both Tom and Kieron are meeting with customers, partners, and executives to gain insights on process mining and sustainability, which seems to be a roaring subject after fading into the background in light of generative AI. Sustainability is everywhere at Celosphere, which Kieron describes as a direct result of process mining.
01:12 — The Process Intelligence Graph was one of the biggest announcements of the event. This product is all about bringing together your data and knowledge into one process intelligence layer.
01:50 — The tools Celonis is offering are tools for enablement in the process mining space. Although generative AI hasn’t been front and center, it will certainly be an enabler in many cases. The announcements have been more around functionality and how the Celonis platform can add business value.
02:52 — It’s not a Celonis event without a major focus on sustainability. Something new and unique that Celosphere offers is the tie-ins with process mining and generative AI — how these two technologies contribute to a sustainability strategy.
03:20 — There’s an ecosystem at play with sustainability. For instance, the CEO of a big consumer goods company, who participated in the opening keynote, talked about what’s being referred to as a “network effect.” He described it in the context of unlocking environmental, social, and governance (ESG progress) across value chains and the impact Celonis has on that.
04:06 — Another Celonis customer, a mechanical and plant engineering firm, talked about how it has co-developed technology with Celonis and Climatiq to bring together sustainability functionality, process mining, and generative AI to solve business problems.