Gartner publishes first Magic Quadrant for robotic process automation market - SiliconANGLE

Gartner Inc. this week published its first Magic Quadrant for the robotic process automation software market, shining a light on the leading players and key trends in the rapidly growing technology segment. RPA relates to the use of software with artificial intelligence and machine learning capabilities to handle high-volume, repeatable tasks that previously required humans to perform. These tasks can include queries, calculations and maintenance of records and transactions. RPA software relies on robots that can mimic a human worker by logging into an application, entering data or calculating and completing tasks and then logging out once the task is done. The technology is believed to save companies huge amounts of time and money, so it's not much of a surprise to see Gartner estimating the market for this type of software will reach $2.4 billion a year by 2024, from just $850 million today.