Forrester recently analyzed the top 15 RPA providers and identified UiPath, Automation Anywhere, Blue Prism and EdgeVerve as leaders (as of Q4 2019).
These RPA vendors not only dominate the market share but continue to explore new functionality and to push the intelligent automation envelope. RPA, no longer an experimental proof of concept, is a multibillion-dollar industry.
Gartner recently shared that 60% of organizations over $1 billion in annual revenues “have begun their automation journey.”
By 2022, IA adoption, in some form, will have reached 85%.
Adopting and embracing IA isn’t a matter of “if” — it’s a matter of “when.” For organizations to be productive and competitive, IA must be incorporated into multiple front- and back-office functions as well as citizen self-service outlets.
Why is it important to me?
Many states are adopting a movement to reduce manual activities and make more sense of data by rolling out digital strategy initiatives. In a recent US survey conducted by Ernst & Young LLP, more than half of the respondents confirmed that paper is used for 41% to 60% of business processes to capture ink signatures, complete workflow or store general information. Intelligent automation supports and further enables this active movement, as many organizations are finding ways to transfer paper-based processes or steps to IA and are realizing significant returns through speed of processing, tighter controls, improved audit records, increased visibility, and enhanced data analytics and insights.