Soroco named Star performer in Everest Group’s PEAK Matrix® for Task Mining Technology Provider 2023 and a leader for the second consecutive year.
The evaluation was based on specific criteria that analyzed the company’s flagship product, Scout along with 19 other vendors for their market impact, vision, and capability.
The evaluation was based on specific criteria that analyzed the company’s flagship product, Scout along with 19 other vendors for their market impact, vision, and capability. Soroco leads the category because of these reasons as outlined in the report.
Innovative Process Understanding and Optimization
Soroco’s Scout AI model revolutionizes how enterprises discover and optimize processes. By analysing user interactions and highlighting inefficiencies, it identifies bottlenecks and maximizes employee potential.
Advanced Machine Learning and Analytical Capabilities
Leveraging both supervised and unsupervised learning techniques, Soroco’s transformer-based ML model classifies team interactions and annotates process maps with business context.
Soroco has built collaborations and partnerships with leading players in the industry, to accelerate digital adoption and employee training. This has led to increase in market share plus deeper engagements with existing clients.
“Soroco has reinforced its position as a Leader for the second consecutive year on Everest Group’s Task Mining Products PEAK Matrix® 2023, owing to its strong vision, depth & breadth of product capabilities, and continuous focus on product innovation and thought leadership. It also emerged as a Star Performer due to a strong year-over-year growth in its market impact and capabilities." Product vision & roadmap, ability to identify automation and process enhancement opportunities, and data protection & privacy are some of the key strengths indicated by its clients.”