RPA is Creating a Billion-Dollar Market While No One is Looking - RTInsights

RPA, which covers AI and machine learning capabilities used to handle high-volume, repeatable tasks that once needed humans, is coming. RPA stands for Robotic Process Automation, but don't be confused: it doesn't refer to R2D2, or any of the Kiva robots scurrying around the Amazon warehouse. RPA is language that covers the broad use of software with artificial intelligence (AI) and machine learning capabilities to handle high-volume, repeatable tasks that previously required humans to perform. Given the innovation it represents and the pain points it satisfies, RPA is quickly making its way towards a billion dollar revenue market. In recent months alone, leading startups in the space have raised over $300 million for their RPA systems.