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RPA (Robotic Process Automation): Predictions For Next Year written by Forbes December 19, 2020
BERLIN, GERMANY – DECEMBER 12: Co-founder and CEO of UiPath Daniel Dines and TechCrunch Senior … [+] Writer Darrel Etherington speak on stage at TechCrunch Disrupt Berlin 2019 at Arena Berlin on December 12, 2019 in Berlin, Germany. (Photo by Noam Galai/Getty Images for TechCrunch)
Getty Images for TechCrunch
This week UiPath filed for its IPO (on a confidential basis) and it will likely hit the markets in February. Like other enterprise software companies such as Snowflake, C3.ai and Palantir the offering should do extremely well.
UiPath is the leader in RPA (Robotic Process Automation), which allows for the automation of repetitive and tedious tasks. And yes, the sector is the fastest growing segment of enterprise software. A key reason is that the ROI (Return On Investment) is quick and substantial.