ABBY, a provider of Content IQ technology and solutions, will take over TimelinePI. TimelinePI provides a process intelligence platform designed to help end users understand, monitor, and optimize every business process.
TimelinePI combines process mining and operational monitoring with process-centered artificial intelligence and machine learning. This approach should become a cornerstone of ABBYY’s Digital IQ strategy. The acquisition is, according to the company, a strategic investment of the company in the emerging process intelligence market.
According to ABBYY CEO Ulf Persson, process intelligence is required to understand the operational effectiveness of business processes. This is also required to understand how well these processes support the business strategy. “With TimelinePI, ABBYY gets the most comprehensive process intelligence platform, to enable companies to go beyond traditional text analytics and process mining, to achieve true digital intelligence.
TimelinePI’s technology, combined with ABBYY’s advanced content analysis and natural language processing, should also provide operational insights that are not available with traditional process mining tools, according to Persson.
TimelinePI’s platform enables end users to visualize, quantify and understand how processes behave by providing detailed insights into actual performance, bottlenecks and risks. The approach handles almost all business process forms, from highly structured to ad hoc.
According to the two companies, this approach to intelligence processing enables healthcare providers, banks, insurance companies, government agencies and other customers to take control of their data and increase their Process IQ to achieve operational efficiency that improves customer travel.
The acquisition is expected to be completed by the end of the second quarter of 2019. ABBYY continues to improve and offer TimelinePI’s platform to customers. It does this both separately and as part of a new bundle of solutions, which is an extension of ABBYY’s current and future products.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.