Automation is here to stay: UiPath

Automation is here to stay. UiPath is enabling the critical capabilities necessary to advance on how companies perform and how employees better spend their time. The industry has achieved rapid growth in such a short time, with UiPath at the head of it, largely due to the fact that RPA is getting recognised as the paradigm shift needed to drive digital transformation, driving a new era of productivity, efficiency and workplace satisfaction.

Speaking at a session in Delhi, on how organizations are seeing next phase of growth in automation, which is a process with “automation first” era, Rajeev Mittal, Managing Director - India, UiPath said that there will be one robot for every person, delivering free and open training and collaboration and enabling robots to learn new skills through AI and machine learning.

“UiPath is improving business performance, efficiency and operation in a way we’ve never seen before. At the $7 billion valuation, UiPath is one of the fastest growing and highest valued AI enterprise software companies worldwide,” said Rajeev.

“With the open architecture and the technology eco-system that we bring, we work as a platform company. Low hanging fruit in digital era is automation,” he said.

UiPath raised $568 million in its Series D funding, which was announced on April 30, 2019. The round was led by Coatue and joined by Dragoneer, Sands Capital, T. Rowe Price Associates, and Wellington. Previous investors Accel, CapitalG, IVP and Sequoia, among others, also participated in the round.

Organizations realize the need for a strategic framework when they cross a threshold of bot deployment. While automation starts with the focus in automating business processes for productivity gains and cost savings, scaling up automation requires it to be viewed as a method of augmenting workforce with digital capabilities.

Automation must become a strategic driver if it must scale up enterprise-wide. It needs to be viewed as a measure for better customer satisfaction resulting from more customer face-time and better customer experience.