RPA has become an established technology in the recent years. Corroborating this fact, analyst research reports suggest that business can choose from the array of RPA platforms based on a few key parameters –
- Bot Development / Capabilities & Core Functions
- Control & System Management
- RPA Analytics
- Use Case
- Deployment, Governance & Security
Since RPA technology is trending, we get to seen an ever-expanding list of RPA platforms. Depending on the business and level of commitment to building a digital workforce, there is an opportunity for every organization to get started.
RPA market dominance
Blue Prism (BP)– Forrester report states that BP’s “central control of all RPA functions is well suited for regulated industry focus. The solution has strong load balancing, restart functionality, encryption at rest, and audit, as well as desktop-aligned robots that are defined and managed centrally.” This platform is ideal for process-driven industries such as Banking and Healthcare. BP leverages a partner-based model and licenses software to partners.
UI path – UI path is also using partnerships to expand market presence. UI path adoption has been rapidly increasing as the platform offers a familiar Microsoft Vizio look & feel for project managers/developers. They also adopt an open approach that allows developers to participate in an open forum. This is the best choice for product if you are looking to start somewhere with the RPA process and need customization for complex processes.
Automation Anywhere – Automation Anywhere is the market leader in this space and they started out by giving a free desktop automation product. The platform is about 90% back office and 10% front office. The short learning curve, cost of deployment and market leadership makes Automation Anywhere a list topper.
Workfusion – Workfusion along with UI path is the fastest growing platforms in this list. This platform comes from a machine learning background and so is well positioned for advanced exception management - which is key in the future of RPA. The current version is great for ‘attended’ use cases & desktop automation and there is a free RPA product called RPA Express which provides a good testing ground for process automation.
Pega systems– Pega purchased OpenSpan and is one of the first vendors to do so. Pega’s roadmap for RPA is very clear – with purchase of OpenSpan, Pega being one of the leading BPM solutions, is uniquely positioned to help streamline work between humans and robots. They are also continually enhancing features and recently updated the management console and provided out-of-the-box RPA-specific reporting and auditing. Future integration with Pegasystems’ Decision Hub predictive analytics and the chatbot functionality, makes it perfectly in sync with where the RPA market is heading.
There are many other noteworthy platforms and like all growing markets, we are likely to see more consolidation in the RPA landscape.
“To capitalize on the automation revolution, CIOs must make critical investments. By raising the importance of automation as a discipline within the organization, CIOs can turn automation into a strategic competency — and a source of business model differentiation. “