Having gained a lot of traction in recent years, Robotic Process Automation (RPA) has scaled up to be a fast-growing offering in the IT & BPO space enabling automation of web & desktop application process with RPA bot and is set to become one of the largest markets in the following decades. Transparency Market Research has valued the IT robotics automation market at approximately $5 billion by 2020, estimating a potential ROI of 30%-200% in the first year. More CIOs are turning to robotic process automation to eliminate tedious tasks, freeing corporate workers to focus on higher value work. To increase revenues, transform business models, and reduce operational costs, businesses are leveraging RPA solutions and services in conjunction with machine learning, AI, language processing, vision technology, big data analytics, and many other technologies.
Industries are evolving at a rapid pace and organizations essentially need to evaluate these emerging technologies and employ them. As RPA is already helping finance teams re-imagine and restructure their operating models, over the next few years RPA is anticipated to transform the most central functions such as intercompany reconciliations. Moreover, from consumer goods to healthcare sector, Robotics is gradually becoming omnipresent to simplify processes, improve efficiency, and better manage risks. Automating manual, repetitive tasks with RPA to eliminate errors, with significant data accuracy and slash processing times at a fraction of the cost is the reason why this technology has been adopted so aggressively by the tech professionals. With increasing adoption of automation within businesses and IT processes, the industry is already set for a transformational journey towards a cut throat market.
Standing at a point where Robotic Process Automation is sternly poised to be the biggest change ever seen in the last few years, our distinguished panel of Editors have thoroughly examined multiple vendors and solution providers to funnel down the ones who are at the forefront of the industry in terms of innovation and services expertise. The listing provides an insight into how different solutions in this vertical are capable of streamlining business processes, and hence offers business owners a comprehensive knowledge of how to smartly navigate this complex and fragmented landscape. And so, in this issue of CIO Advisor, we present to you the “Top 10 APAC Robotic Process Automation Companies - 2017.”