Robotic Process Automation

The pandemic’s effects on the digital landscape are long-lasting. Businesses are evolving to rely on the intelligent process automation market (IPA) to promote growth and keep up with competitors. Read on to learn more about five growing IPA trends.

Ernst & Young, New Zealand has acquired technology consulting firm Q4 Associates, which specialises in intelligent automation (IA) and robotics process automation (RPA).

UiPath has expanded its integrations with Box, to make it easy for users and teams to automate content collection, routing, distribution, and document e-signature processes.

Founded in 2018 to reduce the operational inefficiencies of robotic process automation, RPA Supervisor has raised $US20M in a new funding round. RPA has been criticized for falling short on its promises, primarily due to the under-estimated costs of managing and maintaining a robotic workforce.

For a long-time we’ve known that many organisations have struggled to deliver productivity at scale when it comes to operational improvement or automation.

A survey seeking to understand the challenges users face with current RPA solutions has concluded that while RPA is a growing industry, 69% of respondents experience broken bots at least once per week.

Vietnam’s leading robotic process automation (RPA) solution provider akaBot has signed a partnership agreement with Soroco, a global work graph platform leader. Under the partnership, akaBot and Soroco will join hands to optimize product structure and offer an automation solution integrated with Process Mining and Task Mining to businesses worldwide.

When discussing intelligent automation with our customers, one key challenge that rises to the top of the conversation is how the data trapped in their documents is the lifeline to many of their processes. They lack the ability to automatically identify the documents, extract the data, and connect it to their employees and processes, and they’re feeling the pain both in back-office operations and on the customer experience.

Kofax has entered into a definitive agreement to be acquired by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and TA Associates (“TA”) from Thoma Bravo, a leading software investment firm. Upon closing of the transaction, Clearlake and TA will become majority shareholders in Kofax. Financial terms of the transaction were not disclosed.

According to a recent global survey conducted by Sapio Research on behalf of ABBYY, 98% of IT decision makers have implemented automation technologies in the last two years, spurred by the pandemic. During this time, there has been a behavioural shift in the way IT decision makers implement automation technology with a new ‘people first’ approach.