The four cornerstones of IT automation growth

The widespread development of software ‘bot’ platforms is changing the way people work as machines now take on the mundane, repeatable, definable tasks inside work processes in every industry vertical. Automation platform company UiPath has helped point towards the next key development pillars in this space.

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The growth of Robotic Process Automation (RPA) has been prolific. The development of software robots now commonly referred to more simply as ‘bots’ designed to handle repeatable and accurately definable tasks that we humans find mundane (and often riddled with errors and inaccuracies as a result) is changing the way workflow systems operate.

In some cases, the proliferation of RPA has led to a positive repositioning of the role of human workers, so that people can concentrate on higher-value tasks. With its process mining, task mining and document understanding all fuelled by advances in Artificial Intelligence (AI) analytics, automation is arguably one of the fastest growth sectors within information technology as a whole today.

There has been a lot of RPA growth, but we’re only just getting started - analyst house IDC estimates that we’re only just chipping away at the iceberg here.

RPA is only at 7%

A UiPath-commissioned IDC white paper, “The Economic Impact of UiPath Robotic Process Automation”, suggests that the economic benefits expected from the use of RPA software by UiPath customers will now grow at a blistering pace, from $7 billion worldwide in 2021 to $55 billion in 2025.

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