RPA (Robotic Process Automation) has proven to be effective in automating tedious and repetitive processes for traditional IT environments. The ROI (Return on Investment) has generally been quick and the technology can be a stepping stone to other modernization efforts, such as with AI.
So in light of all this, it is no surprise that the RPA industry has seen substantial growth. Just look at UiPath, which recently came public and has a market capitalization of $32 billion.
Note that the ARR (Annual Recurring Revenues) is running at $653 million, up 64%. The dollar-based net retention rate is 145% and there are over 8,500 customers.
Now when it comes to RPA,
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