A Gartner report has revealed that nearly 90% of large organisations worldwide will have adopted robotic process automation (RPA) by 2022. RPA can be used to help companies digitize business processes efficiently and quickly. These tools are able to unlock data from legacy systems and reduce manual effort. They also digitally empower employees. They can also help improve invoice processing, accounts payable, and supply chain management. RPA tools allow customers to interact directly with the system via chatbots.
UiPath RPA Software is the market leader. UiPath offers a wide range of services that can be used to support large applications, such as iPaaS cloud delivery and process mining. It can also integrate with third-party software vendors and support AI. It also offers a well-structured ecosystem of partners.
UiPath’s latest product, the "AI integration fabric", adds the cognitive power and intelligence of AI to RPA Software. It allows businesses to automate their processes and not have to write code. It also includes a low-code UX app creator. It makes it easy to build integration scripts. The company's AI integration fabric is available on-premises and in the cloud. It also supports Windows-oriented environments thanks to its low-code platform.
WorkFusion blends robotics, cognitive automaton, and workforce management. The technology of the company is suitable for banks, insurance companies, large corporations, and other large organisations. Its sophisticated ML capability provides advanced analytics and pattern recognition. It has frameworks that allow for process discovery and governance. It is part of a wider vision for converging AI, automation, and machine learning.
EdgeVerve Systems is a subsidiary Infosys Limited. It provides frameworks for process discovery, automation center of excellence, and governance. Its product also provides frameworks to support process mining and artificial Intelligence. The company also focuses on enterprisewide deployment. It has under 500 employees. The other half is dedicated to selling.
Another Monday, a German company, is based in Cologne. Its product is based on the software agent ecosystem. Each successful transaction incurs micropayments. Another Monday doesn't have a lot market recognition beyond Europe's German-speaking region. It is however recognized by Gartner in the Visionaries quadrant for its ability to help business buyers, not just IT. Its product was born out of automation consulting engagements. It employs 125 people. Its products include a product range and an open architecture.
Kofax provides process automation software. It provides software to automate data processing, document handling, and Business Process Management. Intelligent Capture, a document management tool designed to help users create workflows is also offered by Kofax. In addition, the company provides mobile applications.
UiPath, a global market leader, is recognized. UiPath was also named in the Customers' choice Quadrant in 2020. It has a large user base and a strong partner network. It is also the only vendor that provides both unassisted RPA and assisted RPA. This company offers a broad range of capabilities that can be used by a wide array of people.
Pricing is an important factor. Particularly in a volatile market. In the future, it is likely that the average price of RPA will decrease by at least 10 percent. RPA does not replace human agents. It can streamline companies' operations and enhance customer experiences.