It depends on what you mean by automatically. You can initiate workflows in PAM through escalation policies in SOI.
With this, you can check for specific criteria when an alert is fired, and if it meets your criteria, you can launch a certain PAM process. Here I am launching a process called 'MySampleProcess' which in PAM is found in '/My Pam Directory'. My process expects a parameter called 'Some String' which is the Alert's 'AlertID'. You can also execute forms that can start a workflow process.