IBM to acquire myInvenio with an eye on AI-enabled automation

During the coronavirus pandemic, digital transformation and automation efforts have accelerated as organizations look to streamline workflows and reduce operational costs. On Thursday, IBM announced a definitive agreement to acquire Italy-based process mining software company, myInvenio. "Digital transformation is accelerating across industries as companies face increasing challenges with managing critical IT systems and complex business applications that span the hybrid cloud landscape," said Dinesh Nirmal, general manager, IBM Automation. The move highlights IBM's investments to provide an AI-enabled automation suite "one-stop shop" for organizations, the company said, with capabilities such as robotic process automation, document processing and process mining among others. IBM said the acquisition will provide companies with "data-driven software" in areas such as sales, production and accounting and could help organizations identify processes for potential AI-enabled automation.