We clearly see this with robotic process automation (RPA) (and more generally, intelligent automation, which expands the scope of RPA with the application of artificial intelligence). In just over a couple of months, for example, the number of RPA jobs on LinkedIn for the USA has jumped about 12%, with a total number that is close to 8,500 jobs listed. This growth in RPA jobs really aligns with what industry thought-leaders and business analysts are telling us, which is that the global RPA segment is around $1.89 Billion today but projected to grow to $13.74+ Billion by 2028, with a CAGR of 32.8%. And, an increasing global market means more jobs, which means a greater demand for skilled labor!
Blue Prism offers multiple role-based certifications, but the two that are geared most towards Academia are the Associate Developer and the Developer. These certifications really teach learners how to build and configure process automations and objects using core workflow principles that are efficient, well structured, maintainable, and easy to understand in accordance with standard Blue Prism design principles and conventions.
Blue Prism Looks To Partners To Expand Robotic Process Automation With AI
A combination of robotics process automation (RPA) with expanded cognitive and AI capabilities makes SS&C Blue Prism different from other automation tools on the market. As a SS&C Blue Prism customer, you gain instant access to an already AI equipped digital workforce, along with the capabilities you need to build, delegate, and control your automations.
Get to know your business processes and how your people work with powerful and intuitive AI-driven tools that speed up process automation discovery and help you rollout automations faster. Brainstorm automation ideas with your employees and start to identify patterns in everyday business processes with task mining.
Blue Prism is the trading name of the Blue Prism Group plc, a British multinational software corporation that pioneered and makes enterprise robotic process automation (RPA) software that provides a digital workforce designed to automate complex, end-to-end operational activities. In March 2022, Blue Prism was acquired by SS&C Technologies.[2]
Blue Prism was founded in 2001 by a group of process automation experts to develop technology that could be used to improve the efficiency and effectiveness of organisations.[6] Initially their focus was on the back office where they recognised an enormous unfulfilled need for automation. The company was co-founded by Alastair Bathgate and David Moss to provide a new approach that today is known as robotic process automation, or RPA.[7]
Robotic process automation (RPA) is the application of technology that provides organizations with a digital workforce that follows rule-based business processes and interacts with the organizations' systems in the same way that existing users currently do.[9][10][11][12][13][14][15] Blue Prism has been credited for coining the term "Robotic Process Automation."[7][16]
RPA is a growing industry and is expected to reach $3.11 billion by 2025.[17] It has been used to handle the requests generated by the General Data Protection Regulation;[18] by Tokio Marine Kiln for back-office transaction framework; by the nutrition company, Fonterra, to fix quantity mismatches in planning software SAP;[19] and by Milaha for the entry, processing and transfer of data.[20] The independent market research company Forrester Research identified Blue Prism as one of three companies that is considered a leader in the robotic process automation field both in terms of their market presence as well as the quality of their offering in a 2017 study.[21]
Blue Prism is built on the Microsoft .NET Framework. It automates any application and supports any platform (mainframe, Windows, WPF, Java, web, etc.)[39] presented in a variety of ways (terminal emulator, thick client, thin client, web browser, Citrix and web services). It has been designed for a multi-environment deployment model (development, test, staging, and production) with both physical and logical access controls. Blue Prism RPA software includes a centralised release management interface and process change distribution model providing high levels of visibility and control. Additional control is provided to the business via a centralised model for process development and re-use. Blue prism records every system login, change in management action, and decisions and actions taken by the robots to identify statistics and real-time operational analytics.[40] The software supports regulatory contexts such as PCI-DSS, HIPAA and SOX, with a large number of controls in place to provide the necessary security and governance.[40] All of the process coding is automated on the back end, allowing even non-technical users to automate a process by dragging components into an interface.[41]
In 2019, Blue Prism announced its idea for connected-RPA. Connected-RPA is the offering of an automation platform with AI and cognitive features built in.[45] It includes features like a Digital Exchange, with online access to drag and drop AI, machine learning, and cognitive and disruptive technologies; a web-based tool that reduces the time to prepare for a RPA deployment; and an online community for sharing knowledge and best practices.[45] The Digital Exchange gives customers and partners the ability to create and share tools that can be used with Blue Prism's software. To encourage innovation, Blue Prism has an AI engine for building connectors to advanced AI tools from Amazon, Google, IBM, and other AI platforms.[46]
In 2021, Blue Prism launched Blue Prism Ventures which helps venture partners find collaboration opportunities within the field of software robotic process automation.[58] The company's first venture is in South Korea, Blue Prism Korea, with GTPlus Ltd.[58][59]
Channel companies have been partnering with robotic process automation software vendors for a while, but the recent moves come as the industry takes on a shift from software robot pilot projects to enterprise rollouts. As the deployments scale up, vendors are cementing relationships with partners they think can help their customers make the transition.
Marc Mancher, a principal at Deloitte and leader of its Federal Analytics Service Business, described the RPA market transition with respect to waves. In the first wave, organizations were introduced to robotic process automation software technology. The second wave involved small pilots and proof-of-concept projects. The third wave, which Mancher said is just getting underway, is the scaling phase.
Immordino appeared June 23 on a panel of robotic process automation veterans discussing RPA use cases and strategy at the virtual conference of United Kingdom-based enterprise RPA vendor Blue Prism. The company's Blue Prism World conference ran Tuesday and Wednesday.
The integration of cognitive capabilities into robotic process automation platforms has led to the development of Cognitive Robotic Process Automation (CRPA) software bots. CRPA platforms can automate perceptual and judgment-based tasks through the integration of multiple cognitive capabilities including, natural language processing, machine learning, and speech recognition. Some of the key companies offering solutions for the RPA/CRPA market are Automation Anywhere, Blue Prism, Nice Systems, Work Fusion, UiPath, Kryon Systems, Softomotive, and Ipsoft, among others.
The customers of financial services companies are looking for convenient ways of transferring money and making investments. This has resulted in an increase in the amount of data that needs to be handled, as well as the speed of information transmission. To keep up with the increasing demand for process automation, some financial and banking institutions have started adopting artificial intelligence (AI) based platforms to automate their regular operations.
For instance, in October 2016, a Swedish bank, Skandinaviska Enskilda Banken (SEB), purchased cognitive robotic process automation software from one of the leaders in the industry, IPsoft, for improving its customer service.
The cognitive robotic process automation software is in the form of a software robot called Amelia, that can speak 20 languages, including Swedish, and English. Amelia was launched in 2014, which understands the semantics of language. If Amelia is not able to solve the problem, it passes the query to the human operator, and observes the interaction to improve its knowledge for handling further such cases on its own.
The insurance industry has already initiated the adoption of automation for enhancing its customer service capabilities, as well as employee engagement activities. Through robotic process automation, the insurance companies can automate their task of fraud checking and policy renewal, along with calculating premiums and gathering data. Software robots can work consistently for long durations, and hence, help in increasing the productivity, and efficiency of the business. This allows insurance agents to focus on those customer service tasks which cannot be automated.
The healthcare companies face challenges in bringing new drugs to the market as they need to maintain their quality, along with efficiency and profitability. The innovation processes in the healthcare industry are faced with regulatory, and reporting challenges which can be addressed using the process automation solutions.
One of the major opportunities that lies for vendors and service providers in RPA/CRPA market is the increasing rate of adoption for process automation activities in the multiple industrial sectors. For instance, capital markets are expanding globally, that has augmented the competition due to the emergence of new competitors into financial services. New entrants are coming with disruptive technologies that increases pressure on the existing financial firms and therefore, put more emphasis on reducing cost, and increasing efficiency.
Other important countries in the region, including India, China, Hong Kong, and Singapore, are major financial centers where leading banks and insurance companies have started embracing process automation solutions like RPA. It is expected the three critical areas to be disrupted by FinTech (emerging financial services sector) in the region are consumer banking, investment & wealth management, and fund transfers & payments. Other than robotic process automation (RPA), FinTech sector in the region is also expected to get influenced by the emerging technologies like artificial intelligence and blockchain. 2ff7e9595c
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