To solve the complex problem of processing a variety of data types, Celonis is launching a process data model and defining different elements of the process. This will be combined to build a process intelligence graph, which exposes connections between different types of data. These products are currently in private release and are expected to be launched next year. As of October 2022, Celonis has raised $2.4 billion and is valued at $13 billion.
Key takeaways:
- Celonis, a German process mining startup, is incorporating generative AI into its software, introducing a feature called Celonis Copilot, which allows users to ask questions about the data they see.
- The company is also working on making the data in Celonis accessible to a large language model within their clients' companies, and facilitating third-party partners or customers to build applications on top of the process data stored on the Celonis platform.
- To solve the complex problem of processing a variety of data types, Celonis is launching a process data model for a standard and structured way to process data, defining different elements of the process, and building a process intelligence graph to expose connections between different types of data.
- These new features and products are currently in private release for testing with customers and are expected to be released next year. Celonis has raised $2.4 billion and was valued at $13 billion in October 2022.