Robotic Process Automation:
A “Magic Switch” for Enterprises?
The digital transformation of enterprises across the globe has been a key driver of innovation in recent years, fundamentally changing the way a company operates and delivers value to its customers. As enterprises continue to explore new ways to integrate digital technology into every aspect of their business, Robotic Process Automation (RPA) is poised to accelerate this transformation even further. RPA is one of the fastest-growing segments of the global enterprise software market, with the RPA market expected to reach ≈$2 billion in 2021 and an expected CAGR of ≈32% until 2028.
Simply put, RPA uses software-based “robots” to automate business tasks and processes. By analyzing data from a wide spectrum of sources, RPA tools gather the intelligence needed to process a transaction, trigger responses, and communicate with other digital systems. Tasks executed by RPA may be as simple as filling in forms or as complex as integrating artificial intelligence (AI) and machine learning (ML) tools to perform cognitive processes.
The ability to complete these tasks automatically has several substantial benefits for enterprises, from significantly reducing operating costs to minimizing or even eliminating human error. Moreover, RPA systems are designed to be enterprise-ready. They’re easy to deploy (using a low-code development platform) and extremely scalable. For most installations, there is no disruption to underlying systems and minimal upfront investment. The return on investment (ROI) for implementing RPA is both immense and immediate.
In our upcoming VLAB panel discussion, thought leaders, founders, and investors will explore how businesses and entrepreneurs can take advantage of the oncoming RPA wave.
• What are the challenges of enterprise-wide deployment of RPA?
• Which industry sectors are poised to be disrupted by RPA? Which will benefit?
• What threats does RPA pose to the human workforce in the next 5 years?
Join us on September 29 to find out.
• Pascal Bornet, Member and Contributor, Forbes Technology Council
• SamDmitry Karpov, Founder, ElectroNeek Robotics
• Babu Sivadasan, Chairman and CEO, Jiffy.ai
• Prince Kohli, CTO, Automation Anywhere
• Josh Shirazi, Principal Investor, Alkeon Capital Management
Important: Registration is required for this FREE online event.