RPA

The Robotic Process Automation (RPA) Market size was valued at USD 2.27 billion in 2021 and is predicted to reach USD 18.69 billion by 2030, with a CAGR of 22.5% during the forecast period from 2022 to 2030, according to a new report by ResearchAndMarkets.com.

NICE  announced new RPA (Robotic Process Automation) capabilities in its latest release, using AI to identify focused opportunities for automation. With NEVA Discover’s new process analytics solution and semi-supervised machine learning, organisations can optimise their business process executed elements to achieve complete performance.

This year Rocking Robots again reported on trends and developments in AI, robotics and RPA. Especially the eventreports attracted a lot of viewers. In this overview we recap the videos that typify the year 2022:

The vision of Rocking Robots is to report on the interaction between humans and robots. The interviews we published this year show that we as humans are increasingly successful in making robots work for us. However, it remains important to pay attention to pre-eminently human issues such as ethics, acceptance and safety. Where that happens, applications of technology arise that actually help us as humans.

Banks and other financial institutions typically have hundreds or thousands of their headcount involved in manual IT application testing. This means testing is a big burden on their resources, especially since this industry is highly regulated. Therefore, effectively automating application testing presents a huge opportunity.

Last week the City of Amsterdam received the 2022 Softbot Award for their innovative use of RPA. This award celebrates innovation in automation, with a broad spectrum of use cases from both public and private sector.  “A few years ago, RPA was mainly seen as a technology with which organizations started experimenting on a small scale. Now we see that we are in discussion at board level about organizing organizations differently with intelligent process automation.”

UK RPA provider The Robot Exchange will enter the automation market in the Netherlands soon. It is a market that is rapidly growing, with already a broad range of providers. But CIO Phil Johnston sees room for Robot Exchange because of some features in the offering, like the Robot-as-a-Service concept and The DeVol Recorder, which substantially speeds up deployment.

At DIA Munich 2022 UiPath hosted a round table titled Automation & AI in insurance. Manage the transformational change. At this meeting representatives from both UiPath and senior executives  from leading insurance companies discussed key aspects of automation in insurance.

Global RPA software and services market will be worth $20.1 billion in 2030, up from $4.8 billion in 2021, according to research firm ResearchAndMarkets.com in their report “Robotic Process Automation – Thematic Research”.

UiPath at its FORWARD 5 global user conference unveiled its latest platform updates. It also presented use cases by companies such as Orange Spain, Puma North America, State Auto, and Vodacom.