Insider, Process mining
Process Mining is the Cornerstone of Digital Transformation (Interview)
Forty years ago, he graduated from engineering with a specialization in electricity and powered electronics.
His first job was in semiconductors, then he moved on to work with microprocessors at Intel where he had become Corporate Vice President of the company. A couple of years ago, he decided to get a taste of the startup environment and began investing in early-stage companies.
That's how Mr. Christian Morales got connected to Minit and became one of the investors in the company.
Recently, our CEO Rasto Hlavac had a chance to sit down with Mr. Morales, in front of the camera, and talk about his views on Process Mining and Minit. Here's what he had to say.
Christian, why did you decide to invest in Process Mining?
Process Mining is the cornerstone of digital transformation because you need to understand what's going on in your company and the traffic of data. We all talk about big data, servers, AI, and also IoT which will be bringing tens of billions of additional connected devices to the internet environment.
And obviously, you have to take care of all of this. As a CEO, you need to understand what is going on within your company.
You certainly understand some of the paperwork, but do you understand the data? 95% of the companies today don't know what's going on in terms of how the data is flowing around, how it is created, how it is used, whether it's optimized.
And Process Mining allows you to understand all of this.
Just after you understand it, you know what you have to implement to improve the situation and make your company more innovative, more competitive and efficient.
Why Minit specifically?
I was impressed by the investors Minit already had. I also met the CEO. The cornerstone of every company is the founder because he is the one who takes the risks, who comes up with ideas of where you want to go with the company.
I was also impressed by the team as well as the technology and the customers the company has.
When I look at this whole set of attributes, I think that Minit has incredible and unique potential to break through in the world of digital transformation. If we execute what we have in our strategy, this is going to be an incredible success, rewarding for every actor involved with Minit.
Minit CEO Rasto Hlavac (left) in the interview with Christian Morales.
How can Process Mining help companies succeed?
Digital transformation is absolutely paramount for any economical activity in the world. And there is no company that can keep on growing, transforming and becoming more innovative and more competitive without going through this digital transformation.
And it all starts with Process Mining, which allows you to understand what's going on in your company.
From the perspective of the industries, where do you think Process Mining is applicable?
It has to do with procurement, logistics, innovation, customer satisfaction, better ecosystem, cooperation - you need to understand these processes in every industry.
How do you see the future of Process Mining and Minit?
Process Mining, BPM, RPA and so forth, the lines between these technologies will be blurring away.
If Minit keeps on executing and delivering on the great roadmap of products, the value proposition and solutions, along with great feedback and cooperation with customers and the ecosystem, there is no doubt that it will become a major break-through in Process Mining.
Innovating and being the fastest mover in Process Mining is going to be absolutely paramount for Minit.
Interested to know how Minit can help your company become more competitive, efficient and transparent? Let us know.
Photo by Matt Botsford on Unsplash
Michal Tomek Writer & Content Manager at Minit
19. 09. 2019