Salesforce, the world's largest provider of cloud-based customer relationship management (CRM) services, uses its AI platform Einstein to analyze trends and provide data-driven predictions. UiPath's robotic process automation (RPA) platform automates repetitive office tasks -- such as managing inventories, processing invoices, onboarding customers, and entering large amounts of data -- to reduce an organization's dependence on human employees. But over the past 12 months, Salesforce's stock declined 14% as UiPath's stock plunged 53%. Let's see why both stocks lost their luster, and if either one is a good turnaround play for 2023 and beyond. Salesforce expects its revenue to rise 17% in fiscal 2023, cooling from its 25% growth in fiscal 2022, as its adjusted EPS rises 3%. Its growth is decelerating as the macro headwinds force many companies to rein in their spending on big software deals.

The robotic process automation (RPA) market is expected to reach $22 billion by 2025, according to a new Forrester report. The research based on surveys of the world's top RPA vendors and service providers reveals that RPA software is expected to grow to $6 billion while services reaches $16 billion in the next three years. The top RPA providers including UiPath, BluePrism (sold to SS&C Technologies), and Automation Anywhere have attracted a lot of investment in recent years and the combined market capitalization based on the peak valuations for the three leaders exceeded $US40B when the market was running hot. However, this has retreated in recent times. Blue Prism sold for half of its peak while UIpath has lost about two-thirds of its value from its peak.

UiPath Inc. has always been an unconventional company. It started with humble beginnings as essentially a software development shop. It then caught lightning in a bottle with its computer vision technology and simplification mantra, creating easy-to-deploy software robots for bespoke departments to automate mundane tasks. The company grew rapidly and was able to go public earlier this year. Consistent with its out-of-the-ordinary approach, while other firms are shutting down travel and physical events, UiPath is moving ahead with Forward IV, its annual user conference next week -- with a live audience at the Bellagio in Las Vegas. It's also "fast forwarding" as a company, determined to lead the charge beyond robotic process automation point tools and execute on a more all-encompassing enterprise automation agenda.

Robotic Process Automation (RPA) Technology Growing Rapidly With Key Trends #RPA has improved and revolutionized the ways in which organizations cater to #ITsupport, #remoteinfrastructure, and administer their business and back-office work. RPA enables companies to boost their capabilities and save money and time and allows companies to process a #transaction, manipulate data, and #communicate with other #digitalsystems.

There have been predictions that Robots will take over our jobs. As of today, that prediction is rapidly coming to pass. Our imagination may tell us these robots are hardware, machines made of metal or carbon fibre. This is not quite the case, as these Robots are software called bots. Bots are programmed to repetitively automate operational and transactional tasks without the need for human input.

The RPA industry is growing at a rate like no other. Gartner has coined RPA as'the fastest-growing segment of the global enterprise software market' – and predicted that the global market for RPA services will hit an estimated £5.98 billion in 2020. It is set to be a pivotal year for automation – and one that will see an exciting variety of big shifts, as the RPA industry matures and the global economy reacts and adapts to it. Overall, the pace of RPA maturity will continue to accelerate. It'll be spurred on by economic shifts, a new generation of workers, and the speed of technology advancement.

We can finally draw a line under the market that was RPA as we transition to the broader value of integrated automation, AI and analysts solutions (the "HFS Triple A Trifecta" - see definition below): So without further ado, let's hear from our lead analyst, Elena Christopher, for this Top 10 exercise: Phil Fersht, CEO & Chief Analyst HFS Research: Elena... 7 years on, is the RPA bubble bursting or is something else happening? Elena Christopher, SVP HFS Research: In 2012, HFS launched the concept of robotic process automation (RPA) to the world via a seminal report and blog. In the seven years since, the ugly truth is that we've simply succeeded in using RPA to move data around enterprises faster with less manual intervention rather than to rewire our business processes and create new thresholds of value. We are largely missing the opportunity to transform business operations. RPA gets loads of guff for creating technical debt.

Robotic Process Automation (RPA) is kind of a confusing term. It's not about physical robots--instead, it refers to software bots that streamline repetitive and tedious processes in the workplace. Something else to note: RPA is the fastest growing segment in enterprise software, according to Gartner. As a result, the mega tech operators are looking at the market. SAP, for example, has acquired Contextor to bolster its efforts. And yes, expect much more dealmaking.

Robotic process automation (RPA) doesn't sneak up on many people anymore. It's already a hot topic in IT and business circles: Gartner pegged RPA as the fastest-growing enterprise software category last year, and there are plenty of other numbers that speak to widespread interest in the technology already. "The RPA market will continue its rapid growth in 2020 as more enterprises come to understand both the power of process automation overall and the number of legacy processes for which RPA is an effective answer," says Aaron Bultman, director of product at Nintex. That said, Bultman and other RPA experts note there are some reality checks in store as organizations build out a broader automation strategy. Some might learn the hard way, for example, that not every process is an ideal fit for RPA.

Robotic Process Automation (RPA) market is evolving at a tremendous pace and is expected to grow at a CAGR of 20.3% between 2019 and 2025. This growth can be majorly attributed to how RPA streamlines and enhances legacy processes and results in high returns on investment (ROI). RPA will emerge as a complementary technology: The key benefit of RPA is that it plays well with other existing technologies. RPA has the potential to adapt quickly to changing circumstances and learn accordingly, hence it enhances processes rather than replacing them. Since it's not always feasible to redesign workflows from the ground up, automating inefficient processes with RPA can greatly improve productivity.