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IBM acquires myInvenio to add business process automation tools, analytics

ZDNet

Here's a look at how the cloud leaders stack up, the hybrid market, and the SaaS players that run your company as well as their latest strategic moves. IBM said it will acquire process mining company myInvenio as it aims to automate more business processes. Terms of the deal weren't disclosed. IBM and myInvenio, based in Reggio Emilia, Italy, launched a partnership in November. According to IBM, myInvenio can use its platform to find the best business processes to automate with AI.


IBM buys Turbonomic to build out AIOps tools

ZDNet

IBM said it will acquire Turbonomic, a company focused on application resource and network performance management, in the company's 11th hybrid cloud and AI acquisition since CEO Arvind Krishna took over. Turbonomic move comes after IBM's recent purchase of business automation company myInvenio. For IBM, the Turbonomic purchase will bolster its AIOps business. Turbonomic's platform uses AI to monitor and manage containers, virtual machines, databases, servers and storage. IBM will use Turbonomic's platform for observability across cloud infrastructure, optimization tools and AIOps.


Four Technologies Reshaping the Fintech Customer Experience

#artificialintelligence

The modern banking system is changing dramatically right now, to the point where some Millennials and members of future generations may never step inside a bank branch in their lifetimes. That may seem like a potentially hyperbolic statement, but consider the current position banks and other financial institutions have found themselves in: Financial technology -- fintech for short -- has dominated the conversation when it comes to money management for the past couple of years. Banks that may have brusquely shrugged off these technologies at the start of the fintech revolution are now partnering up with non-institutional lenders, investment managers and peer-to-peer payment apps to update services the banks themselves have been slow to modernize. From simple banking, to mortgages, loans, investments and debt consolidation, the modern banking experience is becoming increasingly digitized -- and customers are loving it. A report by Pricewaterhouse Coopers on how fintech is reshaping banking says that, of the people it polled, only 53 percent said they thought banks were consumer-centric, while 80 percent of survey respondents said they thought fintech was better at serving customers.


Four technologies reshaping fintech customer experience – a look at IoT, AI, RPA and more - TELUS International Europe

#artificialintelligence

The modern banking system is changing dramatically right now, to the point where some Millennials and members of future generations may never step inside a bank branch in their lifetimes. That may seem like a potentially hyperbolic statement, but consider the current position banks and other financial institutions have found themselves in: Financial technology -- fintech for short -- has dominated the conversation when it comes to money management for the past couple of years. Banks that may have brusquely shrugged off these technologies at the start of the fintech revolution are now partnering up with non-institutional lenders, investment managers and peer-to-peer payment apps to update services the banks themselves have been slow to modernize. From simple banking, to mortgages, loans, investments and debt consolidation, the modern banking experience is becoming increasingly digitized -- and customers are loving it. A report by Pricewaterhouse Coopers on how fintech is reshaping banking says that, of the people it polled, only 53 percent said they thought banks were consumer-centric, while 80 percent of survey respondents said they thought fintech was better at serving customers.


Why CIOs need to adopt a process mining initiative

#artificialintelligence

The field of process mining started in the late 1990s when Wil van der Aalst, who is now a professor leading the Process and Data Science group at RWTH Aachen University, began looking for ways to combine process science and data science. Much of this early work was theoretical, but the field has started accelerating over the last couple of year with advancements in data gathering and analytics technologies. "The adoption of process mining has accelerated over the last couple of years," van der Aalst said in an interview. There are now over 30 vendors of commercial process mining tools, including leaders like Celonis, Disco, UiPath (ProcessGold), myInvenio, Minit, Mehrwerk, Lana Labs, StereoLOGIC and Everflow. This has made it easier for large organizations, like Siemens and BMW, to apply process mining at scale with thousands of process mining users.