Minit Named a Leader in 2022 Everest Group PEAK Matrix for Process Mining
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For the second time in a row, Minit has been named a Leader in Everest Group PEAK Matrix® for Process Mining Technology Provider 2022 thanks to improving market share, capabilities advancements, delivered value, and more.
Table of Contents
Areas assessed by Everest Group for each of the Process Mining vendors included market success, portfolio mix, delivered value, vision and strategy, process setup & integration, process intelligence, implementation & support, and vendor's commercial & sales model.
Minit's Strengths as a Leader According to the PEAK Matrix Assessment
- Microsoft's acquisition of Minit
- YoY revenue growth & Improved market share
- Highlighted process discovery features (including the ability to generate BPMN 2.0 compliant process maps) & Process Compare feature (a key strength according to clients)
- Process monitoring in near real-time
- AI-based simulation engine
- Clients also highlighted platform's flexibility, ease of use for analysis, and customer-centric nature of the team, and more.
To read the detailed report, you can download your copy of the custom Everest Group PEAK Matrix® for Process Mining Technology Provider 2022 here.
"Minit’s product strategy is focused on democratizing the use of process mining by empowering businesses with an easy-to-use platform to understand processes and derive data-driven insights," said Amardeep Modi, Vice President at Everest Group. "Strong global market presence and growth, product’s ease of use, and improved functionalities are some of the key factors that led to its position as a Leader on the Everest Group Process Mining Products PEAK Matrix®. Its recent acquisition by Microsoft is expected to have a positive impact on its market presence and ability to deliver value to its customers.”
Justin Graham, General Manager, Process Mining at Microsoft, added: "Delivering value and impact for customers is at the forefront of our strategy and motivation. Minit's continued recognition as a leader in Process Mining in the 2022 Everest Group PEAK Matrix is well aligned and deserved. We look forward to delivering even more value and impact with Minit + Microsoft."
Rasto Hlavac, Founder and Chief Evangelist, commented on the recognition: "Our mission has always been to create a product not only for process experts, but for every user who is eager to understand and improve their processes, empowering them to make data-driven decisions from day one. A product that offers intelligence and out-of-the-box results powered by latest AI technology. With Microsoft, we share the same passion for creating great products to deliver real value for our customers. And now, I'm happy that by recognizing Minit as a Leader, analysts from Everest Group see us fulfilling this missions."
What Is PEAK Matrix?
The Everest Group PEAK Matrix provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.