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A long, strange trip: Automation leader UiPath's unusual $PATH to its IPO

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UiPath Inc. is going public this coming week to become the next hot software company to stage an initial public offering. But it has had a long, strange trip to its IPO.
How so? Well, the robotic process automation company, whose software mimics human interactions using software scripts or robots that execute human tasks in discrete steps, was started way back in 2005. But its culture is akin to a frenetic startup. The firm shunned conventions and, instead of focusing on a narrow geographic area to prove its product/market fit before it started to grow, it aggressively launched international operations well prior to reaching unicorn status. ....

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Booming CAGR of 26.93% | Service Delivery Automation Market is expected to see market size of USD17.51 Billion by 2025

Booming CAGR of 26.93% | Service Delivery Automation Market is expected to see market size of USD17.51 Billion by 2025
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Is 'hyperautomation' just hype? Maybe, but automation is here to stay

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In the fall of 2019, the information technology industry analysis firm Gartner announced its top 10 strategic technology trends for 2020. At the top of the list: hyperautomation. Now that it’s 2021, has hyperautomation lived up to its hype?
Gartner defines hyperautomation as “an effective combination of complementary sets of tools that can integrate functional and process silos to automate and augment business processes.” Among the tools in this combination: robotic process automation or RPA, process discovery, process mining, intelligent business process management systems or iBPMS, low-code and business rules engines.
Such a motley list of older and newer product categories generally leaves both enterprise process leaders and software vendors scratching their heads. Is Gartner really recommending that companies purchase several process tools with the hopes of somehow getting them to work together? Why is RPA just one item on the list, when RPA has taken t ....

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