Vendor Analysis
published on Aug 10, 2021
Report Overview:
This NelsonHall assessment analyzes Minit's offerings and capabilities in Process Discovery & Mining Technology Evaluation
Who is this Report for:
NelsonHall’s Process Discovery & Mining Technology Evaluation, provides an assessment of Minit’s process discovery & mining platform designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of Process Discovery & Mining platforms and identifying vendor suitability for RFPs
- Process reengineering and RPA and intelligent automation center of excellence personnel evaluating process discovery & mining platform capability
- Vendor marketing, sales, and business managers looking to benchmark their platforms against their peers
- Financial analysts and investors covering intelligent automation and process discovery & mining platforms.
Scope of this Report:
The report provides a comprehensive and objective analysis of Minit’s process discovery and mining capabilities, covering Minit Process Mining’s functionality for:
- Data extraction, transformation, and loading
- Process analysis
- Process improvement
- Process monitoring
- Corrective action enablement
- Administration.
This report also assesses Minit’s product development strategy and strengths and challenges.
Key Findings & Highlights:
Minit offers Minit Process Mining, a solution for process discovery & mining that supports its vision of enabling everyone to explore the benefits of process mining for their organization. The company aims to democratize process mining by enabling business users to easily understand their data and the insights derived from it through an easy-to-understand UI without becoming a process mining expert – reducing the time to value and training necessary.
Minit Process Mining includes prebuilt connectors to extracting, transforming, and loading data from common business systems. Data transformation capabilities are provided as part of its prebuilt connectors. Specifically, Minit provides data validation during the import of a dataset; initially on a subset of data (Quick Validation) but also on the whole dataset.
Minit does not have its own native desktop recording capability but works with multiple vendors for task mining data. It has integration with EdgeVerve AssistEdge Discover, where clients can purchase the capability as an add-on module.
Minit Process Mining supports what the company has termed Hierarchical Process Mining – a Process Map can be adjusted to the desired focus level by drilling down deeper or zooming out as necessary. It includes automated root cause analysis functionality to find the key influencers to client’s process questions.
Minit's pricing model is based on named user subscription licenses.
Minit is headquartered in Amsterdam, Netherlands, with offices and entities in London, U.K., New York City, U.S., and Bratislava, Slovakia. The company employs ~100 employees globally, with its product development and R&D teams primarily based in Slovakia.
Minit’s client base primarily consists of large enterprises ($1bn+ revenue). Manufacturing is Minit's top industry vertical for process mining, followed by telecom & media.