iGrafx, a global pioneer in digital business transformation and process management, announced the acquisition of Logpickr, a process mining company based in Rennes, France, at the OPEX Week Business Transformation World Summit 2022 Event. Logpickr is well-known for its patented Process Explorer 360 solution for next-generation process mining. With this purchase, iGrafx broadens its holistic approach to process optimization, ensuring that enterprises focused on operational excellence, regulatory compliance, or digital transformation programmes may enhance processes, accelerate automation choices, and boost their end result.
Teesee Murray, iGrafx CEO, said, “We wanted to go beyond offering the conventional process mining approach. We are thrilled to welcome the Logpickr team and the opportunity to bring further innovation to the world of process improvement.”
Process Explorer 360 inspects existing systems using machine learning and artificial intelligence (AI) to uncover process reality vs process assumptions in real-world corporate operations. According to Accenture, 88 percent of organizations that used machine learning (ML) to improve business operations saw a 200 percent improvement.
Alan Pelz-Sharpe, Founder and Principal Analyst at Deep Analysis, said, “Process improvement only happens once a process is completely understood, and while the analysis phase is the most critical, it is the phase given the fewest resources. Process mining adds tremendous value to process improvement, but it’s only one piece of the puzzle. What iGrafx is doing with the acquisition of Logpickr is completing the picture by adding process mining alongside their proven modeling, discovery, and mapping solutions to provide a complete process improvement vision and to accelerate the work of today’s business analyst.”
The iGrafx holistic approach to process optimization will aid business analysts by resulting in more accurate process design inputs for better automation selections. The iGrafx award-winning Business Transformation Platform, for example, when combined with the Process Explorer 360 solution, ensures that data and key performance indicators (KPIs) are aligned and linked into an operational perspective in the repository. This provides a complete 360-degree picture of the process. Analysts can begin automation with a solid business case by employing a scientific method to identify the benefit of automating a process. This results in better outcomes.