RPA Has Truly Arrived
When I recently visited IBA Group I was expecting to hear about their Cloud Computing solutions and some of their more recent developments in Machine Learning, but I was surprised to hear exactly how developed their Robotic Process Automation (RPA) expertise is today. I was surprised because their approach to RPA is not typical. They have experience of delivering real projects to real clients in multiple countries using the top 4 RPA software platforms.
Now contrast this to the typical RPA story in the media. Robo-bosses, robots taking over, and other mentions of robots replacing humans. When reading about RPA we usually read hype and grand claims of digital transformation, often from experts or IT companies with very little track record in this area. Yet IBA has been quietly developing expertise in all the major RPA platforms all over the world and there is no hype at all. They have just been getting on with the job.
RPA is now (almost) a $2bn a year marketplace and it’s growing fast. This area of business is only going to get more important as we move into 2019. HFS predicts that we are looking at $2.3bn revenue in RPA technologies in 2019 and this will grow to $4.3bn by 2022.
Traditionally HFS has been the least bullish of the analyst community. For a long time they criticised analysts such as Gartner for hyping the RPA market, but now even the HFS predictions look exciting. Gartner predicts that spending on RPA software is growing around 57% year on year, which is a phenomenal increase for any market, but what is really interesting is how all the analysts seem to be agreeing that RPA is no longer in the Hype Cycle and is now being accepted as a regular business process automation tool. Even the forward projections of Gartner to 2022 feature year-on-year growth of 41% – RPA has arrived.
When I arrived at IBA, I never expected to hear such a solid RPA success story – case study after case study of real RPA deliveries. I did a detailed interview with Vjacheslav Mikitjuk, director of Internet Technologies, that I intend to publish in the new year.
The RPA world is full of hype. HFS Research has been a vocal critic of the RPA hot air and fake news for the past few years, but even they now acknowledge that there are real solutions being delivered that are adding value all over the world. I witnessed this up close when I went to visit IBA Group and it was not even something that I had expected. They have kept their RPA expertise fairly quiet, but I’m hoping to change that in 2019 by telling the world what they have been doing.
To listen to the CX Files podcast featuring Andrei Lepeyev from IBA Group, click here.