Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and Copilots
    • Innovation & Leadership
    • Cybersecurity
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
  • Summit NA
  • Dynamics Communities
  • Ask Copilot
Twitter Instagram
  • Summit NA
  • Dynamics Communities
  • AI Copilot Summit NA
  • Ask Cloud Wars
Twitter LinkedIn
Cloud Wars
  • Home
  • Top 10
  • CW Minute
  • CW Podcast
  • Categories
    • AI and CopilotsWelcome to the Acceleration Economy AI Index, a weekly segment where we cover the most important recent news in AI innovation, funding, and solutions in under 10 minutes. Our goal is to get you up to speed – the same speed AI innovation is taking place nowadays – and prepare you for that upcoming customer call, board meeting, or conversation with your colleague.
    • Innovation & Leadership
    • CybersecurityThe practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks.
    • Data
  • Member Resources
    • Cloud Wars AI Agent
    • Digital Summits
    • Guidebooks
    • Reports
  • About Us
    • Our Story
    • Tech Analysts
    • Marketing Services
    • Login / Register
Cloud Wars
    • Login / Register
Home » Celosphere 2023: Astra Zeneca’s Raaj Joshi on Process Mining for Controls and Compliance
AI and Copilots

Celosphere 2023: Astra Zeneca’s Raaj Joshi on Process Mining for Controls and Compliance

Tom SmithBy Tom SmithDecember 5, 2023Updated:December 12, 20232 Mins Read
Facebook Twitter LinkedIn Email
To adjust the volume hover the cursor over the volume bar
Share
Facebook Twitter LinkedIn Email

In this Celosphere 2023 interview, Acceleration Economy’s Tom Smith and Faika Halici, senior director of customer advocacy at Celonis, chat with Raaj Joshi, director, controls and compliance transformation at Astra Zeneca, while on location in Munich, Germany.

Highlights

Astra Zeneca is a pharmaceutical company headquartered in the UK with revenues around $45 billion. It operates primarily across biopharmaceuticals, oncology, and rare diseases. Its Celonis use cases include “internal controls.”

Celonis Use Cases, Including Regulatory Factors (00:58)

Internal controls exist to protect against poor or problematic financial practices but also to give confidence to shareholders that all the numbers being reported are above the board. Joshi labels controls as a “very underrated” use case for process mining; because process mining lets companies shine a light on their processes using rules, thresholds, and algorithms, it “falls perfectly” into the role of controls and compliance. A lot of financial work takes a long time to prep but Celonis helps to reduce that manual burden, sometimes even cutting up to 10 days out of the equation. Sarbanes-Oxley is a big regulatory consideration. Astra Zeneca relies on Celonis to ensure the numbers being reported are trustworthy.

New Celonis Products (03:56)

Joshi says he’s “really excited” about the new Celonis copilot technology and the use of the AI engine at the heart of the new Process Intelligence Graph. The company is piloting AI to augment several controls in the background. Transformation Hub (dashboards) will be helpful in presenting data to the C-suite, Joshi says, and helps deal with the volume of available data. “Presenting it in the right way, in the most meaningful way that people can actually take away something from it, I think is massive and really, really critical.”

2024 Outlook

Controls and compliance is a juggernaut that’s going to continue because there are loads more controls that Astra Zeneca is looking to manage through Celonis. But it’s also looking at various processes that often are managed through Celonis. (Common examples include procure to pay, order to cash, inventory management, and more). They’re also looking to simplify the controls process through the use of AI and generative AI. Joshi expects that to kick off in Q1 of 2024. He closes with his view that process mining for controls and compliance is an “absolute game changer.”


Interested in Celonis?

Schedule a discovery meeting to see if we can help achieve your goals

Connect With Us

Book a Demo

ai Celonis Cloud Wars Archive Compliance Featured Highlights process-mining-archive
Share. Facebook Twitter LinkedIn Email
Analystuser

Tom Smith

Editor in Chief, analyst, Cloud Wars

Areas of Expertise
  • AI/ML
  • Business Apps
  • Cloud
  • Digital Business

Tom Smith analyzes AI, copilots, cloud companies, and tech innovations for Cloud Wars. He has worked as an analyst tracking technology and tech companies for more than 20 years.

  Contact Tom Smith ...

Related Posts

Accelerate, Assist, Transform: A Framework for AI Adoption Success

May 30, 2025

Google Offers First-of-Its-Kind GenAI Certification for Managers

May 30, 2025

Marc Benioff Is Transforming World’s Largest Apps Vendor into AI-Data Powerhouse

May 29, 2025

AI Agents Are Here: Why C-Suite Leaders Should Pay Attention Now

May 29, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Accelerate, Assist, Transform: A Framework for AI Adoption Success
  • Google Offers First-of-Its-Kind GenAI Certification for Managers
  • Marc Benioff Is Transforming World’s Largest Apps Vendor into AI-Data Powerhouse
  • AI Agents Are Here: Why C-Suite Leaders Should Pay Attention Now
  • Salesforce + Informatica: Benioff Builds AI-Data Powerhouse for AI Era

  • Ask Cloud Wars AI Agent
  • Tech Guidebooks
  • Industry Reports
  • Newsletters

Join Today

Most Popular Guidebooks

Accelerating GenAI Impact: From POC to Production Success

November 1, 2024

ExFlow from SignUp Software: Streamlining Dynamics 365 Finance & Operations and Business Central with AP Automation

September 10, 2024

Delivering on the Promise of Multicloud | How to Realize Multicloud’s Full Potential While Addressing Challenges

July 19, 2024

Zero Trust Network Access | A CISO Guidebook

February 1, 2024

Advertisement
Cloud Wars
Twitter LinkedIn
  • Home
  • About Us
  • Privacy Policy
  • Get In Touch
  • Marketing Services
  • Do not sell my information
© 2025 Cloud Wars.

Type above and press Enter to search. Press Esc to cancel.

  • Login
Forgot Password?
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.

Notifications