Riadh Dridi, CMO of Automation Anywhere was recently interviewed by Don Klein, TheCube. This guest has been working at AA just for about six months. And being in the IT industry for 20 years, he heard about Automation Anywhere the RPA space and find out how fast this technology was catching on in enterprises. Riadh get really excited and then met the management team and eventually took his position there.
This is the summary of what information he shared during the interview:
1. According to Gartner, the RPA sector is growing at about 63 percent year-over-year. It’s the fastest-growing enterprise software market in the industry right now and it’s projected to continue to grow at that pace for the foreseeable future.
2. The industry has realized that after 20 years or more of using the same technology, humans were still doing part of the process that should have been automated by the software. So when you look at the average enterprises, only 20% of the steps that should be automated are automated. 80% of it is done by humans, whether it’s opening files, reading documents, cutting and pasting, filling out forms, playing with Excel and kind of loading data into systems, a lot of it is still done by humans.
And what the bots do is go in and take that work away from the humans so they can really focus on vital tasks, that’s really what it is.
3. What the bots are doing now is with computer vision, they’re able to look into applications, they’re able to assess the data, they are able to assess the information from those data and then process the processes like humans would do. So, they’re able to get in, look at invoices or any type of frankly unstructured data or semi-structured data and take that data, analyze it and then manipulate it like a human would do.
The exception is that they are obviously doing it 24/7 much faster with fewer errors.
For getting more facts communicated by Riadh Dridi, please watch the original source.