CompetitiveSCOPE View of Robotic Process Automation (RPA) Market

KEY DYNAMICS: Software "robotic" applications recently picked up lot of media attention which acts like excel macros and replicates human employee's mundane tasks/actions is transforming the enterprises internal processes and IT functions. RPA tools has witnessed an evolution in terms of capabilities, value delivery, deployment models and impact on global mindset. Organizations dealing with global pressure to increase their revenues, transform their business models and reduce operational costs are leveraging RPA solutions and services in conjunction with machine learning, cognitive computing, artificial intelligence, natural language processing, speech recognition, vision technology, big data analytics, and many more technologies. Integration of RPA capabilities with these above mentioned technologies broadens the application areas and support companies to become agile in their digital journey. However, this is creating challenge for human workers to be replaced and force them to think hard on re-evaluating their existing skill base and reskill to stay relevant in the market.