With the backdrop of the Digital CIO Summit launching today, Tom Smith is sharing a quick-hit Innovation Profile on Celonis, a leading supplier of process mining and execution management software that is on the Acceleration Economy Top 10 Shortlist of AI/Hyperautomation Enablers. This is episode 88 of the Cloud Wars Horizon Minute.
Highlights
00:14 — At Acceleration Economy, we’ve done a deep dive into Celonis’ product strategy and customer use cases over the last year or so. One theme that comes up regularly is the high impact that the company’s technology has on customers, and Celonis’ ability to deliver real-world examples of customers who can quantify the value they’re realizing.
00:59 — A case in point came in a recent conversation with a government go-to-market exec about the company’s inclusion on the GSA schedule of a very big government reseller. The Celonis exec was able to highlight the US Department of Defense consolidating down 100,000 variations in its procure-to-pay process with the help of Celonis and digital twins. Celonis also helped a state government get its arms around $100 million in rogue IT spend.
01:58 — In 2022, we reported that the oil and gas giant BP had saved over $800 million in its procurement process, and publicly highlighted Celonis’ role in delivering those savings. These types of examples highlight a powerful intersection of innovative technology and tangible business impact.
