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[truthshield]

What IBMs Cloud Issues Can Tell Us About Project Management

IBM has survived for more than 110 years by adapting to the latest technological trends, from mainframes to desktop PCs and laptops to artificial intelligence (A.I.). However, it’s been slow to catch up in the cloud space, and a new Protocol article gives some crucial insights into why.  In contrast to Amazon and Microsoft, both of which spent the past decade rushing to build out their cloud infrastructure, IBM was slow to recognize the cloud’s growing prevalence, according to the article, which is based on multiple interviews. IBM relied heavily on its SoftLayer acquisition to handle clients’ cloud needs, but SoftLayer lacked some crucial features, and its products weren’t powerful enough to handle larger application deployments (a critical need of larger clients).   When IBM finally realized that it needed to build out its own robust cloud infrastructure, it made the critical mistake of pursuing multiple projects in parallel: “For almost two years, two teams inside IBM Cloud worked on two completely different cloud infrastructure designs, which led to turf fights, resource constraints and internal confusion over the direction of the division.” The company didn’t decommission one of these paths until this year, according to one anonymous source. While IBM’s new CEO seems devoted to single-track cloud infrastructure design, all that wasted time means the company has fallen well behind competitors such as Azure and AWS. To be fair, it’s certainly possible for a tech company to build a successful product by running two separate development tracks. Apple did that very thing under Steve Jobs, who had two teams compete to create alternate versions of the iPhone’s operating system—but that was an expedited process, with the weaker project killed as soon as possible. Parallel tracks can quickly lead to turf wars and time-consuming budget battles unless a strong manager (and whatever you might think about Jobs, he was a strong manager) keeps everyone in their lane.  According to the latest edition of Stack Overflow’s Developer Survey, some 54.22 percent of technologists said they used AWS the most out of all the cloud platforms, followed by Google’s Cloud Platform (31.05 percent) and Azure (30.77 percent). IBM sat in sixth place with 2.55 percent, which the company would probably defend by saying it’s currently focused on “specialty clouds” for demanding industries such as financial services (i.e., big revenue, but not overwhelming market-share). On an epic scale, the IBM cloud situation demonstrates (yet again) the importance of effective project management. Scoping out requirements ahead of time—especially the client’s needs—is key, along with ending processes that clearly aren’t working. Constant communication to stakeholders over what’s actually possible is likewise crucial. If you take Protocol’s reporting at face value, IBM’s engineers clearly did everything they could, but the company as a whole may have made some critical mistakes in approaching the cloud. Sign Up Today Membership has its benefits. Sign up for a free Dice profile, add your resume, discover great career insights and set your tech career in motion. Register now https://ift.tt/94FaTc5 https://ift.tt/G8Lg1dY

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

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Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

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[douchebagbrainwaves]

WHY I'M SMARTER THAN IMPLIES

You haven't made anyone else poorer. If we wanted to improve, but if so this is a valid approach. I get nothing done, because I'm doing stuff that seems, superficially, like real work. I left in my landlady's attic back in the US are all young-feeling towns. 5% with less than. 03% false positives means that filtering is not an irrational fear: it really is hard to measure in large organizations, and the threat to them isn't mortal.1 It turns out, though, that there are good ideas that seem bad are bad.

It's especially alarming here because those two sets of numbers might yield opposite conclusions. But you can run into a problem when you use it to attract attention by falsely claiming the list is an exhaustive one. Or is it just something nice? All they care about is what you think about as you fall asleep at night and then go home. Viaweb. Startups are still very rare. Only 13 of these were in product development. At Viaweb we were always up against this. If you use a technique called functional programming. At best you end up looking at when you get filters really tight. Which means it's a disaster to let the wrong idea become the top idea in their mind at any given time.2 What they need to do.

Microsoft deliberately built their business in IBM's blind spot. Writing mainframe software required too much commitment up front. Intelligence does matter a lot of money. Software licenses to Orbitz. I think it was because they had better software. Slowness is to the advantage of investors, who have the most to lose, seem to see the inevitablity of moving some things off the desktop and onto servers a future even Microsoft seems resigned to, there will always be a few people made fun of me for writing something whose title began with a number. Measurement alone is not enough. But in the US own one. And there is no way to get rich for hundreds of years. Desktop software breeds a certain fatalism about bugs.3 I think it's a good idea, why did it lose last time? It has to be watching the servers, because you don't want to see another era of client monoculture like the Microsoft one in the 80s and 90s.

Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. That hurt Microsoft a lot starting in the late 1970s and early 1980s. In most people's minds, spending money on luxuries sets off alarms that making investments doesn't. Then I looked at his face and realized he didn't understand. And they pretty much all make the same decision: as hard as you can get a job. A real essay, as the name implies, is dynamic: you don't know you need to get yourself into situations where the most urgent problems are ones you want to make a million dollars for a custom-made online store on their own server. I consider it a sign of something you need to be very hard to contain parents' efforts to obtain an unfair advantage for their kids, so it's those specifically the city has to appeal to programmers is with software. The most common way to do this, and stupidly, as we did, using a desktop computer as a server.4 But by no means impossible. How about that for counterintuitive?

As you think of more points, you just add them to the demo days we organize for startups to have traction before they put in significant money. Web 2. When meeting people you don't know anything about business. Fundraising is still terribly distracting for startups. In a list of n things. It's what acquirers care about. We had 2 T1s 3 Mb/sec coming into our offices. If people who are mistaken, you can't make for yourself. It's always alarming when two people trying the same experiment get widely divergent results. Our policy of fixing bugs on the fly changed the relationship between the founders has to be planted in the right soil, or it won't germinate. Millions of people now realize that you should have cited. I first realized the worthlessness of stuff when I lived in Italy for a year.

Someone probably will eventually. After many email exchanges with Java hackers, I would have shelved most of these ideas, for a while at least.5 S def inc self, i: self. Obviously that's false: anything else people make can be well or badly designed; why should this be uniquely impossible for programming languages? Microsoft wasn't the embarrassment of the people that make it Silicon Valley, what you'll see are buildings. Early union leaders did make heroic sacrifices. More libraries get written for popular languages, because they contain urls. You can't decide, for example, because although it's full of students. The rest will come in time. But investing later should also mean they have to be administering the servers, it would be a lot easier for a couple of hackers to figure out.

Notes

You could probably starve the trolls of the river among the largest in the narrow technical sense of the x company, though sloppier language than I'd use to develop server-based apps to share a virtual home directory spread across multiple servers. When we work with an online service. An investor who merely seems like he will fund you one day have an edge over Silicon Valley, but those specific abuses. Some of Aristotle's immediate successors may have no representation more concise than a Web terminal.

Few can have escaped alive, or invent relativity. That may require asking, because at one remove from the government. In ancient times it covered a broad range of topics, comparable in scope to our scholarship though without the spur of poverty.

I should degenerate from uppercase to any-case, not more startups to kill their deal with them in their IPO filing. But it's hard to imagine cases where you read them as promising to invest in successive rounds, except when exercising an option to maintain your target growth rate has to be obscure; they may then, depending on how much effort on sales. A professor at a regularly increasing rate.

That will in many cases be an instance of a correct program.

These false positive rates are untrustworthy, as reported in the body or header lines other than those I mark. Part of the company really cared about doing search well at a famous university who is highly regarded by his peers, couldn't afford it. Analects VII: 36, Fung trans.

[martechadvisor-blog]

ABM & IBM and Demand Generation at Unisys

Our most recent guest was Cheryl Rodness, Global Vice President of Revenue Marketing at Unisys. She gave us many insights into global marketing at a company that was a pioneer in the computer industry and continues to serve the vital infrastructure and security of many industries today.

About Unisys

Headquartered in Blue Bell, PA, Unisys (NYSE: UIS) was formed in 1986 through the merger of mainframe corporations Sperry and Burroughs. The name "Unisys" is composed of parts of the words united, information and systems; its revenue for FY2017 was $2.74 billion. Unisys offerings include security software and services; digital transformation and workplace services; industry applications and services; and innovative software operating environments for high-intensity enterprise computing.

Cheryl described to us how Unisys is heavily focused on the verticals of travel and transportation, life sciences and healthcare, the global public sector, the U.S. federal government, and financial services. The common focus in all these verticals is enabling IT and Digital transformation using software and services solutions built with security foremost in mind. She gave the example of the airline industry where 18 of the top 25 airlines depend on Unisys solutions, and 80 percent of global passenger boardings are processed with Unisys solutions.

Career and Background

Cheryl grew up in Canada and later moved to the US. She has lived and worked in Japan and the Netherlands, and has traveled to over 60 countries, considering herself a global citizen of the world with an interest in global marketing. She said that the incredible breadth and depth of marketing was what initially attracted her to pursue her career path and has kept her interested over 20+ years. She said it is a function that is “constantly evolving and changing so you are always learning. As MarTech becomes more pervasive, the discipline changes even more rapidly, almost to the point where you can’t keep up. What was once a discipline of madmen, is now a discipline of math men, and that’s exciting”.

She said she was very fortunate to have great mentors who saw potential in her and allowed her to grow as far as she wanted to and gave the guidance she needed without limiting her. In particular, she named:

1. Nancy Roath, who was the first executive to allow Cheryl to set her own limits

2. Eric Andrews, who is currently at Oracle and gave Cheryl challenges to keep pushing herself

Cheryl also noted that her executive MBA program and reading case studies helped her expand her thinking by seeing how companies approach challenges. Cheryl has written and published two of her own case studies in the 2010-2011, one on the linkage between Sales and Marketing and the other on Marketing ROI.

We asked Cheryl what attracted her to join Unisys. She said she was impressed when she saw what the company brought to market, and was excited about the emphasis the senior leadership team was placed on marketing. Marketing was viewed as an equal partner to the business.

Account Based Marketing

We asked Cheryl to give us insights into how Account Based Marketing is used by Unisys. She said she thinks about it starting with Industry Based Marketing: to know the industries they are targeting and communicate to the pain points and challenges of that industry. From there, their teams go to the level of Account Based Marketing, where they will select the top 10-20 new logos or companies they would like to focus on acquiring, as well as the 10-30 existing customers where they would like to expand further into.

KEY TAKEAWAY:

“While the concept of “team” can be somewhat cliché, revenue marketing/demand generation truly is a team sport. It requires collaboration among product marketing, content creation, brand and sales. When everyone works together to analyze the data behind a campaign and optimize the elements that work, and shift from the components that do not perform well, the leads and revenue will follow. I’m fortunate to have that team at Unisys”. – Chery Rodness

She gave the example of the banking industry. The team will identify their target banks and research the banks’ needs to identify how Unisys can help them solve their business challenges. They will research who is the CIO, the country CIO, CSO, system architects etc and create 10-15 contacts that influence the buying decision in the organization. They will read the annual reports and search press releases and shareholder newsletters to understand the pain points they are facing, then put together a communication plan with these points in mind. They will try to use the language that the companies are using in their communications, showing that Unisys is deeply interested in the organization(s)

They do due diligence on how and where the contacts engage, for example, if they engage with third-party content through industries or associations. To deepen their engagement, Unisys may do targeted content syndication or very focused events. Cheryl said they find social media and retargeting to be quite effective, and in particular, she relies on DemandBase and LinkedIn. She said where it makes sense, they may even send high impact direct mail.

Marketing ROI and Alignment

We asked Cheryl about measuring marketing ROI. She made the distinction between leads that are “marketing sourced” vs “marketing influenced.” “Marketing sourced” leads are those where a marketing initiative found and nurtured a contact all the way to telesales and qualifying a lead. She said this is the “purest form” of ROI measurement for marketing activity. She said, “marketing influenced” leads “absolutely count” as well, such as nurturing opportunities already established by sales, to help progress them through the buying cycle. In this case, you can say that marketing assisted the opportunity but we did not create it.

We also asked about alignment between Sales and Marketing. Cheryl said that there has to be joint ownership of targets, and at Unisys the marketing goals are tied to the sales goals for new logos and new scope within existing accounts. She said marketing plans are developed and agreed upon by regional sales, and communication between the groups takes place on a regular basis – starting at the top with the leadership setting the example.  And we are very honest that marketing does not make the sale.  We give our sales team full credit for selling our products and solutions.  Our job is to help them find new net leads to pursue and close.

Global Marketing

Since Cheryl works with teams spanning the globe, we asked about differences between geographic regions. She noted that social media’s effectiveness is quite different across regions. For example, the UK, Netherlands, and US will be quite effective. Latin America tends to be a more face-to-face focused market than digital. She also noted the messaging will differ. For example, in the US it is natural to include messaging about the “Federal Government,” but in Europe and Asia there is not as much distinction between these levels of government.

We hope to interview Cheryl again in several months’ time and also plan to interview other marketing leaders at Unisys. Please share your thoughts and questions so we can raise them in future discussions. Watch for an interview with Ann Ruckstuhl, Chief Marketing Officer in June. Co-Author Shastri Purushotma: Executive Producer - Ziff Davis B2B Shastri is a partner at VaaS Advisors - a Value as a Service consulting company. He has written many articles for various Ziff Davis publications as well as the Huffington Post and Washington Post.

This article was first appeared on MarTech Advisor

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0/

from Blogger http://bit.ly/2ZBa0Tv via SEO Services

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0-2/

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0/

from Blogger http://bit.ly/2ZBa0Tv via SEO Services

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0-2/

[rpatools]

http://bit.ly/2Ktew39

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

http://bit.ly/2RtYyWV RPA Tools | http://bit.ly/2IG8EQC

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0/

[rpatools]

http://bit.ly/2Ktew39

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

http://bit.ly/2RtYyWV RPA Tools | http://bit.ly/2IG8EQC

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

from WordPress https://rpatools.org/15-robotic-process-automation-rpa-startups-you-need-to-know-about-0/

[rpatools]

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RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

Featured image: https://www.pexels.com/photo/photo-of-white-and-brown-cardboard-box-toy-figure-678308/

The following two tabs change content below.

Bio

Latest Posts

Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

http://bit.ly/2RtYyWV RPA Tools | http://bit.ly/2IG8EQC

[rpatools]

RPA or Robotic Process Automation involves the computerization of tasks that are typically mundane rules-based business processes carried out manually. These tasks are often data-heavy and include, but aren’t limited to, data entry, transactions, and compliance. Wikipedia defines it as, “an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers.”

Research conducted at Hadoop reveals that the potential savings that companies can hope to experience with the adoption of RPA by 2025 can be anywhere between $5 trillion and $7 trillion. They also forecasted that RPA software will be able to perform tasks equal to the output of 140 million Full-Time Employees (FTEs) by the same year.

Further, as per Statista, the RPA industry is estimated to be worth $3.1 billion by 2019 and $4.9 billion by 2020. According to Forrester, this figure is likely to hover around $2.9 billion by 2021.

Of course, employees are the backbone of any startup. And employee performance is critical to the flawless functioning of business processes. While this aspect remains crucial, the role of technology is undeniable. And that’s why businesses are adopting Artificial Intelligence to streamline operations and reduce costs.

B2B businesses can certainly harness this technology to serve their clients better.

As B2B firms grow, they will want to:

Automate their day-to-day processes

Remove repetition

Enable quick data entry and calculations

Maintain records and transactions

…and last but not least, replace human effort with software solutions to reduce the scope of errors.

Analysts forecast that in a few years, 40% of large global organizations will use RPA to automate work activities.

Players in highly-regulated industries such as finance, insurance, banking, healthcare, and manufacturing can particularly benefit from RPA. It also provides a cheap and quick way of dealing the problem of and adhering to the necessary industry compliance to maintain standards.

Every business wants a bright future, and RPA is the way to go ahead if you’re serious about achieving this. Several companies have realized this and are offering suitable solutions to startups.

Want to know which ones are changing the way startups function? Read on.

1. UiPath

Headquarters: New York

Established in: 2012

UiPath already enjoys a global presence and has plans to keep growing. One of the biggest names in RPA, it says, “Versatile and scalable, the UiPath robot automates >99%, while most robots automate 70%, and some, around 80%.”

UiPath caters to several industries including finance, insurance, healthcare, and manufacturing. It leverages third-parties like SAP, Oracle, Citrix, and Mainframe automation to give their robot intelligent “eyes” to “see” how objects relate, just like us humans. It lets them find screen elements contextually, and instantly adjust to screen changes.

UiPath also says its robots are about four times faster than other robots due to their ability to process screen changes in less than 100 milliseconds. It is on its way to becoming a leader in enabling back-office automation.

The company has been named the RPA provider with the strongest current offering in The Forrester Wave

2018 Report for Robotic Process Automation.

2. Blue Prism

Headquarters: United Kingdom

Established in: 2001

Blue Prism’s RPA software enables businesses to respond to changes quickly and cost-effectively by automating manual, rule-based, administrative tasks and processes. This goes a long way in enhancing the accuracy of the outcome.

Blue Prism also creates virtual workforce comprising the operational teams or certified partners that use their robotic automation technology to enable processes. IT-governed frameworks and complex arrangements are harnessed to manage automation.

Organizations such as The Co-operative Banking Group, Shop Direct, RWE npower, Fidelity Investments, the NHS, and O2 employ Blue Prism’s technology to respond promptly to business changes through agile back office and administrative operations.

3. IntelliCog Technologies

Headquarters: New Delhi

Established in: 2016

IntelliCog is an end-to-end consulting and outsourcing firm that uses RPA and AI to provide solutions. Their offerings include RPA consulting and integration capabilities with the help of their proprietary frameworks.

They’re still a budding company that’s working towards ensuring zero-downtime and business continuity by deploying their knowledge, know-how, experience, and methodologies related to RPA and AI.

4. Kryon Systems

Headquarters: New York

Established in: 2009

Kryon Systems boasts of four offerings namely process discovery, unattended automation, attended automation, and hybrid automation, all of which are related to RPA. The level of automation, obviously, varies in each offering with unattended automation requiring the least human input. The hybrid level involves a human starting a job which is carried forward to completion by robots.

In the future, Kryon Systems aspires to create its own platform to be able to identify and automate a higher number of tasks and business processes and produce zero-error mistakes for immediate gains.

5. Automation Anywhere

Headquarters: San Jose, California

Established in: 2003

Automation Anywhere is the global leader in RPA technology. It employs both, software bots and human effort to get a lot of the repetitive work done across industries. It has empowered over 1,000 organizations with the aid of high-end technologies such as RPA, cognitive and embedded analytics. This, in turn, has led to reduced operational costs and errors, and better scaling.

The company has been the leading AI-enabled solutions provider of automation requirements in industries such as finance, insurance, healthcare, manufacturing, technology, telecom, and logistics.

Recent reports about Automation Anywhere and its “historic $1.8 billion valuation” after spending 15 years in the industry have been encouraging. It has also been recognized as a leader in RPA by The Forrester Wave

: Robotic Process Automation, Q2 2018 Report.

6. Autologyx

Headquarters: United Kingdom

Established in: 2011

Formerly known as NowWeComply Limited, it changed its name to Autologyx in 2017. Autologyx provides “Automation as a Service” with a view to enabling clients to automate their business processes easily. Whether it is about performing repetitive tasks or sorting advanced processes that require expertise, Autologyx has its cloud platform for process automation ready.

The company has recently bagged a major player, global law firm Eversheds Sutherland Ignite as a client. The law firm is harnessing Autologyx’s robotic process automation platform to produce 3,000 leases that entailed going through numerable mails.  Other noteworthy clients they boast of are T-Mobile, Boeing, Luxottica, and Adecco.

7. LarcAI

Headquarters: South Africa

Established in: 2015

Another young company that’s making waves in the global RPA industry is LarcAI. It relies heavily on UiPath as its RPA platform of preference for providing its services. This is because UiPath’s open architecture makes it possible to scale up, opening up new horizons. Also, business processes and third-party technologies can be integrated; but most importantly, UiPath is affordable.

LarcAI leverages top technologies from organizations like IBM Watson, Microsoft Cognitive Services, ABBYY, and Merlyn TOM for creating the best performing solutions and to gain competitive advantage.

8. RapidRPA

Headquarters: New York

Established in: 2016

RapidRPA, also known as Echelon|RPA worked in “stealth mode” for a while since starting operations. It employs “the nexus of Lean Six Sigma, Big Data and Artificial Intelligence” to deliver “unique and powerful capabilities to automate a range of mission-critical business processes, empowering the next-generation workforce to focus on more core activities that deliver greater value.”

The company claims that it is different from other solution providers as it makes use of intuitive user experiences to improve productivity instantly. Their cloud-based solutions involve the use of robots that work with multiple vendors and offer quick, easy and low-cost delivery. It also promises 500% ROI on productivity from Day 1 of its use.

9. Daythree Business Services

Headquarters: Malaysia

Established in: Information not available

Daythree transforms repetitive service processes, day-to-day manual work, and rule-based tasks into automated digital work with the help of software robots. The robots help in redesigning business processes to keep them simple and sound. The company claims that “We deliver benefits quickly where ROIs between 300–700% are common.”

Their RPA technology betters existing company software applications instead of replacing them, thereby working in harmony with the ongoing business processes.

They also offer IT and Knowledge Process services to help you stay head and shoulders above your competition. They have been the recipients of the GBS ISKANDAR Avant-Garde Award in 2017.

10. Sanbot

Headquarters: China

Established in: 2012

QIHAN Technology’s cloud-enabled intelligent service robots enable customizable applications across industries like healthcare, education, hospitality, security, and retail. These robots are powered by IBM Watson’s AI and feature Android SDK for open customization to improve customer experience and business growth.

CIO Advisor magazine named QIHAN Technology as one of the Top 10 APAC Robotic Process Automation Companies of 2017.

Sanbot Innovation is all set with more than 200 patents in technology including Machine Vision Recognition, Multi-axis Automatic Control, Big Data Analysis, and Cloud service to create abundant artificial intelligence solutions.

11. Softomotive

Headquarters: United Kingdom

Established in: 2005

This world-class RPA technology solutions provider claims to offer the most reliable and scalable automation, thereby combining the benefits of the best technology and constant innovation for optimal business transformation. Softomotive does this by providing a potent automation platform that empowers businesses to develop, manage and track their digital performers.

Sofotmotive’s RPA solutions help reduce business costs by 90% for regulated industries. They support all compliance regulation processes such as PCI-DSS, GLBA, FISMA, Joint Commission and HIPAA.

12. Cinnamon

Headquarters: Japan

Established in: 2016

Erstwhile Spicy Cinnamon and a photo-sharing app, the company decided to turn to robotic process automation and renamed itself, Cinnamon. It was reported that the startup was successful in raising large funds from several renowned angel investors.

Cinnamon’s main offering is a smart scanner called the Flax Scanner, which can mine information from documents like emails and agreements. It has the ability to decipher the data and digitize it. It can then fill up a database or other systems automatically with significant accuracy.

13. Kofax

Headquarters: California

Established in: 1985

Kofax was established with the aim to automate and transform manual processes across front and back operations, thereby resulting in improved customer engagement, reduced operating costs, meeting compliance requirements, and accelerating business growth.

It offers an array of software and solutions related to robotic process automation, business process management, multichannel capture and other important features that can be used on the cloud and on-premise.

Kofax boasts of over 20,000 customers across industries such as finance, insurance, healthcare, supply chain, government, BPOs, among others. Its products are available in over 70 countries. Kofax has been named as a Strong Performer in Forrester Wave

: Robotic Process Automation Q2 2018 Report.

14. Pegasystems

Headquarters: Massachusetts

Established in: 1983

Pegasystems is a cloud-based unified platform that promises “321% ROI in less than 12 months. 75% cost savings. 75% productivity improvements.” It is powered by RPA and AI. They produce software bots that automate menial jobs that go on forever and call them “productivity bots.” These bots help simplify and enhance employee experiences and focus on increasing the business’s ROI.

Their solutions also help businesses deal with unforeseen industry changes, new applications, process re-engineering, and collaboration. Further, they automatically find processes to optimize and mitigate problems even before they arise.

15. WorkFusion

Headquarters: New York

Established in: 2010

WorkFusion merges together on one platform the main capabilities of business process management, robotic process automation, workforce orchestration, and AI-powered cognitive automation, workflow, intelligent conversational agents, crowdsourcing, and analytics. These help digitize complex business processes and transform them into world-class products built to simplify operations, increase productivity and improve service delivery.

WorkFusion has been named a Strong Performer in The Forrester Wave

: Robotic Process Automation Q2 2018 Report.

Conclusion

RPA is yet another outcome of advancing technology. It is mainly used to automate business processes based on logic and controlled inputs. RPA tools can help companies capture and understand applications for communicating with digital systems, triggering the desired responses, modifying data, and processing transactions. The above RPA startups are progressive in that they’re continually advancing and disrupting existing business practices.

Over To You

Are you excited about RPAs? Is this something you see yourself including in your business in the short to medium term? Are there any other RPA companies that you feel deserve a mention? (Note: if you include a link in your comment, it will be queued for moderation rather than auto-published).

You may also want to read: How Artificial Intelligence and Machine Learning Can Be Used for Marketing

4 Ways Artificial Intelligence Will Impact The B2B Industry

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Avinash Nair is a digital marketer at E2M, India’s premium

content marketing agency

. He specializes in SEO and Content Marketing activities.

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