Tag: automation

IEEE WIE International Leadership Summit 2018 — August 13-15 | Event

Research EVP and distinguished analyst Sarah Burnett will be a key speaker at the IEEE WIE International Leadership Summit held on August 13-15 in Southhampton. During her August 14 session, Sarah will unpack findings from industry-leading research into the capabilities of RPA and AI for enterprises, as well as how they can be combined for advanced automation of business processes.

Sarah’s presentation will highlight:

  • The capabilities of the two different types of technologies and how they differ in what they can offer
  • Evolution of RPA technology and its development into enterprise-grade software
  • How AI technologies are helping extend the scope of RPA, making it easier to apply, use and maintain
  • How the two combine to help enterprises automate more business processes
  • What the office of the future will look like with a mixed workforce of people, AI and robots
  • What the future holds in terms of technology and market development for real life applications of business process automation

About the event

The 2018 IEEE WIE International Leadership Summit (ILS) mission is to empower women to choose their own career path and facilitate the recruitment and retention of women in technical disciplines. Our summit is dedicated to promote women in Engineering, Science and Technology and inspire girls around the world to achieve rewarding careers in engineering.

When

August 13-15, 2018

Where

University of Southampton
Southampton SO17 1BJ

Speaker

Sarah Burnett, Research EVP and Distinguished Analyst, Everest Group

Learn more and register

RPA’s Virtuous Circle Story | Sherpas in Blue Shirts

How hot has Summer 2018 been around the globe? Red hot…but not as hot as the RPA marketplace. The speed of evolution in this industry segment is almost without precedent. Firms that had revenues worth tens of millions of U.S. dollars just a couple of years ago are talking about reaching a billion in revenue in just a couple of more years.

So why all the excitement? Some chalk it up to Robotic Process Automation being a clever product idea and others to the even cleverer marketing of sexy robots.

But the reality is that it’s the perfect storm – or heat wave – of innovation and capital intersecting at just the right time.

Related: Five Keys to Unlocking the Benefits of RPA for Enterprises

Of course, it doesn’t hurt that enterprises have already captured most of the potential value from offshore labor arbitrage. But when you combine the need for a new source of cost savings with the acute shortage of labor in the U.S. and Europe, you have a market condition in which enterprises are screaming for automation that allows continued productivity improvements for less money, with less human labor-based effort.

The RPA Virtuous Circle Story

The RPA virtuous circle for business

These four keys make up the RPA virtuous circle: More sophisticated software platforms, real value propositions, significant capital infusion, and aggressive buy/build decisions. Let’s unpack each one to get the full story.

More sophisticated software platforms – the software platforms underlying RPA are not new; some of them have been around for many years. But as interest and revenues in the segment grow, the vendors are investing in better software and getting invaluable real-life implementation experience. And great use cases and robust feedback loops will drive enhanced software innovation.

Real value propositions – while a great idea is always fun to talk about, the story quickly fades if the economics are insufficient. In RPA’s case, enterprises are finding real savings and, probably most important, operational improvement. What makes this such an exciting story is that RPA doesn’t apply to just one aspect of the enterprise – it applies anywhere human resources are being deployed for labor-intensive services. So not just G&A functions, but also core business operations.

Significant capital being infused – where there is monetary value creation, Wall Street and Silicon Valley will certainly be found nearby. In the RPA segment, multiple investments in excess of US$100 million have been made. In total, we have seen more than a half billion dollars in investments in just the past six months. These are huge flows of capital, especially considering that in many cases they far exceed current revenues.

Aggressive buy/build decisions – of course, when that much capital is deployed, there’s tremendous pressure to take action to generate real, quantifiable results. The most obvious is to deploy larger sales/account teams to support the growth. But, there will be also significant development needs as use cases expand. We also anticipate that RPA firms will go on a buying spree of niche competitors or companies that increase automation functionality for items like OCR, machine learning, artificial intelligence, and natural language processing.

Right now, the velocity of the Virtuous Circle is increasing…better software, increased enterprise value propositions, and another round of investments.

To learn more about Everest Group’s take on RPA, view the replay of our popular August 8 webinar on the latest developments and implications for enterprises. By registering, you will also receive a a copy of the presentation and deck for download after the webinar.

HR Automation, Simplification Mean Less Staff and Savings | In the News

Everest Group, an outsourcing consultancy and research group, said outsourcing in HR is growing at 4% to 5% a year, according to its survey data. Outsourcing by HR is used mostly for transactional processes such as employee data management and the administration portions of payroll, benefits, recruitment and learning, according to Arkadev Basak, vice president at the company. Everest put the savings due to HR offshoring at 30% to 35%.

Read more in TechTarget

GDPR Compliance – Can Automation Save the Day? | In the News

With its implementation in May of this year, GDPR introduced one of the most stringent and comprehensive regulations in the world today. And with fines for noncompliance of 20 million euros, or 4% of annual turnover, companies cannot afford to take the regulation lightly. But compliance itself is costly. What to do? Robotic process automation – or RPA – may be the answer! With its ability to manage repetitive, rules-based tasks, RPA can help reduce administrative costs and avoid processing errors…and companies might actually realize some additional unexpected benefits as well.

Read more in Intelligent Sourcing

Symphony Robotic Operations Centre Launch — June 27-28 | Event

Research VP and RPA expert Sarah Burnett will be a key speaker at Symphony’s Robotic Operations Centre Launch in Krakow, Poland held on June 27-28.

Sarah’s presentation, Are “Colleagues” Electric?, will distill volumes of unique and detailed, industry-leading research on the rise of robots in enterprises. She will discuss the state of the automation market and its phenomenal growth, technology trends, how leading enterprises are taking advantage of the technology to get ahead of competition, and what the future holds for the industry.

Join Everest Group at this event for a round of discussions and presentations on the state of the automation market.

When

June 27-28, 2018

Where

Krakow, Poland

Speaker

Sarah Burnett, Research VP, Everest Group

Learn more about the event

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