Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, July 07 2020 - 09:30
AsiaNet
Leonardo Invests in Apromore to advance AI-Driven, Open-Source Process Mining Technology
MELBOURNE, CIC., Australia, July 7, 2020 /PRNewswire-AsiaNet/--

Leonardo(https://www.leonardo.com.au/), the Australian expert in end-to-end 
process improvement through technology, today announced its investment in 
Apromore(http://www.apromore.org/) - a leading developer of open-source, 
AI-driven process mining technology. The investment forms part of a Series A 
round of funding totalling $A6.8 million, led by German business process 
management specialist GBTEC(http://www.gbtec.com/), and also included The 
University of Melbourne(http://unimelb.edu.au/), which helped to incubate 
Apromore prior to spin off.

Photo - https://photos.prnasia.com/prnh/20200706/2848323-1 
Caption: Adam Mutton (left) Managing Director of Delivery for Leonardo with 
Prof Marcello La Rosa (right) CEO and Founder of Apromore.

The Series A investment will allow process mining software start-up Apromore to 
strengthen its product development capacity and expand into the realm of 
AI-driven automated process improvement, including robotic process mining, 
prescriptive process analytics, and automated decision optimisation. According 
to Gartner's 2019 Market Guide for Process Mining: "[Apromore] focuses 
significantly more than its competitors on intelligent support for model 
enhancement, and on predictive analytics." It is anticipated the investment 
will allow Apromore to build on its success to date and further solidify its 
market position.

Leonardo's Managing Director Adam Mutton commented on Apromore's potential: 
"Apromore is leading the way in innovative AI Driven Process Improvement – from 
automated discovery of actual as-Is processes, to predictive process modelling 
based on live data to future directions involving integrated robotic process 
discovery, scripting and automation. We have seen real business value from 
using process mining and integrating this technology with our intelligent 
end-to-end process improvement approach. Improving processes with data-based 
analysis across business systems helps pinpoint the bottlenecks and validate 
automation opportunities."

Apromore's CEO, Prof. Marcello La Rosa, highlighted that "Apromore inherits a 
decade of R&D in the field of business process management and process mining 
and we have packed the most advanced algorithms for process mining into 
Apromore's products. This investment will allow us to maintain our competitive 
advantage, by incorporating the latest research and innovations in the field of 
AI-driven automated process improvement into our product. It will also allow us 
to continue pursuing our mission of democratising process mining via a 
commercial open-source business model."

Process Mining Enables Agile, Real Time Production Planning Decisions 

Apromore provides process mining, a data-driven approach to analysing and 
improving business processes. Traditionally, business processes are discovered 
and analysed by observing and interviewing the people who use them – a 
labour-intensive and error-prone job. In contrast, Apromore analyses the vast 
data 
(https://blog.leonardo.com.au/data-driven-insights-can-transform-your-business/)
 that is contained in modern business IT systems, such as enterprise resource 
planning and customer relationship management systems. Apromore's process 
mining algorithms can, for example, automatically reverse-engineer the 
processes supported by these systems, and identify bottlenecks, deviations from 
policy or compliance violations, and quality issues affecting customer 
experience. 

One of Leonardo's (https://www.leonardo.com.au/case-studies) clients, a food 
production company has already seen real business value using Apromore's 
Process Mining tool on a recent project. "Leonardo and Apromore enabled this 
business to dramatically reduce discovery and analysis time, rapidly analyse 
large data sets and drill to specific issues that have determined this 
customer's highest priority improvement projects. This helped provide the 
business with live production analytics and performance data to enable more 
agile and real time production planning decisions." said Marco Fargnoli – 
Consulting Principal for Leonardo.

Apromore was incubated at the School of Computing and Information Systems (CIS) 
(https://cis.unimelb.edu.au/) of Melbourne School of Engineering for two years, 
before a company was incorporated in 2019. The startup was co-founded by 
Professor Marcello La Rosa (https://www.linkedin.com/in/marcellolarosa) of CIS 
and Professor Marlon Dumas (https://www.linkedin.com/in/marlondumas) of the 
University of Tartu, Estonia, with their former PhD student Dr Ilya Verenich 
and Apromore's Chief Architect Dr Simon Raboczi. 

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its 
research publications, and does not advise technology users to select only 
those vendors with the highest ratings or other designation. Gartner research 
publications consist of the opinions of Gartner's research organization and 
should not be construed as statements of fact. Gartner disclaims all 
warranties, expressed or implied, with respect to this research, including any 
warranties of merchantability or fitness for a particular purpose.

About Leonardo

Leonardo is a process transformation company, driving intelligent end-to-end 
process improvement through technology. We help our clients rebuild their 
processes for the digital age by combining process-centric strategic thinking 
with the rigour and precision of enabling technologies that support their 
transformation. Over the past two decades, Leonardo has helped their clients 
both in local and international, take manual, outdated, broken processes and 
reimagine them for the digital age – ensuring that the business strategies are 
embedded, automated and integrated into the systems and platforms that drive 
better experiences with customers and stakeholders.  To learn more, visit: 
https://www.leonardo.com.au/ 

About Apromore Pty Ltd

Apromore Pty Ltd is a leading provider of open-source solutions for process 
mining and AI-driven business process improvement. Their vision is to 
democratize process mining by enabling organizations to achieve digital 
transparency and operational excellence. We've helped dozens of organizations 
leverage the full potential of their business transactional data to enhance 
their productivity, product & service quality, and compliance.. To learn more, 
visit: https://apromore.org 

Contact: Daniel Weatherhead
         Tel.+61-424160635 
         E-Mail: d.weatherhead@leonardo.com.au 

SOURCE:  Leonardo

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=366789

   Caption: Adam Mutton (left) Managing Director of Delivery for Leonardo with 
Prof Marcello La Rosa (right) CEO and Founder of Apromore.

Attachments
photo.jpg