DIGITAL STRATEGY
60
We believe that , in the fullness of time , there will be a robot for every worker .” So says Gavin Jackson , Senior Vice President and Managing Director EMEA at robotic process automation ( RPA ) firm UiPath . RPA blurs the line between purely automated and human-accessible applications by allowing robots to interact directly with the graphical user interfaces used by people . Robots may be trained by watching and recreating a human teacher ’ s inputs , and then improving in terms of speed and reliability . The company ’ s vision of human-machine collaboration is compelling for many — the RPA market , according to Gartner , grew by 63.1 % in 2018 , reaching around US $ 846mn in revenue . By 2025 , McKinsey predicts automation technologies , of which RPA forms a part , could have a gargantuan financial impact of around $ 6.7trn .
As a leader in the field , UiPath has contributed to , and benefited from , the pace of that growth . “ The incoming demand for the platform was just unbelievable . The growth that we ’ ve had in the last three to four years has been unlike anything we ’ ve seen in the industry . Many analysts have said that this is the fastest growing enterprise software company ever , and Gartner said that it ’ s the fastest growing software category today , in any given field , whether it ’ s AI or machine learning or anything .”
MARCH 2020