Introduction to Celonis

 

  Celonis Unicorn companyCelonis was founded in 2011 by three students from the Technical University in Munich, studying mathematics and informatics. From    volunteering on a student consultancy project optimising service desk requests, the idea for Celonis was formed; to use existing data within a  company and data science to create a digital footprint for an organisation to reconstruct processes. 

The idea of process mining stemmed from  existing academic research and successfully turned into practice by Celonis, through industry-ready software creation. The company has  transformed from a Start-up venture to Unicorn company, with 200% growth every year, with 800 employees around the world and headquartered  in Munich and New York. With a valuation now at $2.5 billion, Celonis identifies themeselves as a Pegasus company, able to fly on their own,  through positive cashflows year after year.

 

 

industry successIndustry Success

Process Mining is applicable and successful in all industry sections including manufacturing, high tech firms, telecom, media, and entertainment, energy and chemicals, consumers, retail and wholesale, pharmaceuticals and life sciences, financial services and insurance, and aerospace and defense and the biggest players in those fields like Vodafone, Telecom, Uber or Unilever have already adopted Process Mining as part of their digitalization strategy and daily operations.