Main Highlights
- With the inclusion of Lana, Appian claims that it will be able to offer actionable and continuous process improvement with people, technology, and data all in the same workflow.
- The firm provides a platform as a service (PaaS) for the development of enterprise software applications.
- Combining Lana process mining with Appian would enable “rapid automation” of analytical insights for businesses’ back-office operations.
- Appian provides a visual interface and pre-built programming modules for its low-code automation platform.
The platform for low-code automation Appian said today that it has purchased Lana Labs, a process mining business, for an undisclosed sum. With the inclusion of Lana, Appian claims that it will be able to offer actionable and continuous process improvement with people, technology, and data all in the same workflow.
In today’s corporate climate, digital transformation and the capacity to react rapidly are crucial. As a result, an increasing number of businesses are using process mining, a set of techniques that aid in the study of operational processes in event logs, with the objective of transforming event data into insights and actions. According to a recent Deloitte poll, 63 percent of firms have already begun to adopt process mining, and 83 percent are utilizing process mining to grow existing efforts.
Based in Berlin, Germany Lana automates the analysis of repeated business operations and was created in 2016 by Karina Buschsieweke, Rami-Habib Eid-Sabbagh, and Thomas Baier. Pretrained algorithms for data transformation and automation are included in the container-based platform, which is portable across Amazon Web Services (AWS) Cloud and customer-managed environments.
Lana Labs CEO Dan Wucherpfennig remarked in a news release, “Lana developed quickly as a process mining leader based on our combined dedication to industry innovation and delivering client value.” “This is how Appian established its industry leadership, and we are looking forward to our future together.”
The Acquisition
Gartner predicts that the market for hyper automation-enabling technology would reach $596 billion in 2022, up roughly 24% from $481.6 billion in 2020. The robotic process automation (RPA) industry, for example, is anticipated to reach $12 billion by 2023. Document ingestion and natural language processing will continue to be in high demand as businesses seek ways to expedite the digitization and structuring of data and content.
Appian Corporation is a cloud computing and enterprise software firm based in McLean, Virginia, which is part of the Dulles Technology Corridor. The firm provides a platform as a service (PaaS) for the development of enterprise software applications. It focuses on the markets of low-code development, business process management, and case management.
Process mining, process modeling, and automation, according to Appian CEO Matt Calkins, have a “natural synergy.” He believes that combining Lana process mining with Appian would enable “rapid automation” of analytical insights for businesses’ back-office operations.
“We think that by acquiring Lana, we will be able to move clients from knowing to doing in a single suite,” he said in a statement.
Michael Beckley, Robert Kramer, Marc Wilson, and Matthew Calkins established Appian in 1999. The McLean, Virginia-based cloud computing and business software firm provide a platform-as-a-service for developing enterprise software apps and has attracted tens of millions of dollars in venture funding. It focuses on the markets of low-code development, business process management, and case management.
Appian became a publicly listed business on May 25, 2017, trading as APPN on the NASDAQ Global Exchange. Appian AI, which enables artificial intelligence capabilities on its platform, was introduced in May 2019. It announced the acquisition of Novayre Solutions SL, the developer of the Jidoka robotic process automation (RPA) technology, on January 7, 2020. The platform’s artificial intelligence and robotic process automation capabilities were upgraded in March 2020.
Prior to acquiring Lana, Appian purchased Novayre Solutions SL, the creator of the Jidoka RPA technology.
Services offered
Appian provides a visual interface and pre-built programming modules for its low-code automation platform. It was the only pure-play vendor of low-code software on the public market as of August 2020. It, like other low-code automation systems, enables organizations to build apps with little or no coding. With its HIPAA-compliant cloud, the platform ensures privacy and security. Appian AI and Appian RPA are included in the platform.
Appian also provides ready-made frameworks. It will provide applications to assist firms with COVID-19 problems in late 2020. During the COVID-19 pandemic, they track workforce health and safety by collecting information from employees and storing it in a HIPAA-compliant cloud, assisting organizations in reopening their offices and assisting banks in managing Paycheck Protection Program loan applications, including AI-powered intelligent document processing.
Another app, developed in collaboration with the University of South Florida, assists educational campuses in collecting COVID-19-related data about individuals and coordinating health and safety standards in academic communities in order to prepare for students returning to campus. In addition, the company created tools to help with return-to-work procedures, as well as a platform for government entities to handle acquisition processes, institutional onboarding, and intelligent document processing.
