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Monday, July 22, 2019

A Look at the Uses of RPA

Useful examination of RPA.  Robotic Process Automation.   What we did starting in the 80s, without calling it that.     I see a number of new businesses looking at it.    At very least it makes companies look at their business processes more closely, and determine where efficiencies can be installed.  How the efficiencies are determined can come from classic analytics, AI or rebuilding your the structure of your business.

Robotic Process Automation: Is RPA Ready for Big Business?
Despite the positive market forecasts, a closer look at RPA brings to light challenges that indicate the technology is still in its infancy.

At first glance, the robotic process automation (RPA) market has hit the big time. Enterprises in a range of industries are embracing RPA, and analyst firms agree that the market is thriving. However, whether the technology is actually ready for big business -- and whether big business is ready for RPA -- requires a closer look.

“Pretty much every fortune 100 has done RPA: Now whether they’ve done it successfully and it’s flourishing and producing the results they want is a different challenge,” says Cathy Tornbohm, Distinguished VP Analyst, Gartner.

According to Gartner, the worldwide RPA software market grew 63% in 2018, and RPA software revenue will reach $1.3 billion in 2019.

Forrester’s outlook is similar. It previously forecast that the market would reach $1 billion in revenue by the end of 2019. But, according to Craig Le Clair, Vice President, Principle Analyst and author of Invisible Robots in the Quiet of the Night, those projections now appear to be low.

“Market growth is strong, with top players reporting thousands of customers,” writes Le Clair. “Investment dollars continue to flow into RPA platform companies. The top three RPA software companies are approaching values in excess of 10 billion.” .... " 

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