Automation Anywhere revamps its process discovery technology - SiliconANGLE

Robotic process automation company Automation Anywhere Inc. is beefing up its platform today with a new Discovery Bot tool that can identify and automate more business processes for enterprises. Automation Anywhere is a heavily funded startup that has emerged as one of the early leaders in the red-hot RPA market. RPA is gaining traction because enterprises can reap massive benefits by speeding up mundane business processes, freeing up workers to focus on more pressing tasks. The company is chasing what analysts believe is a massive opportunity in RPA, with SiliconANGLE's sister research firm Wikibon forecasting that the total market capitalization for RPA software could be worth as much as $75 billion by 2025. But although there's a huge pot of gold up for grabs, it might not be big enough for everyone: Wikibon warns that RPA is still likely to be a winner-take-all market with room for a couple of players at best.