Grand View Research (https://www.grandviewresearch.com/) valued the global robotic process automation (RPA) market size at USD 1.1 billion in 2019 and anticipates a CAGR of 33.6% from 2020 to 2027. By 2024, organizations will lower operational costs by 30% by combining hyper-automation technologies along with machine learning (ML) and augmented intelligence (AI) techniques with redesigned operational processes. (Gartner Predicts 2020: RPA Renaissance Driven by Morphing Offerings and Zeal for Operational Excellence).
RPA is a catalyst for many organizations to accelerate their processes, eliminate/decrease the need for additional headcount and stay ahead of their competition. With this in mind, many of you have either considered or started the search for the best vendor or have heard from leadership and stockholders that it is time to move forward in your automation journey. If you have started looking at vendors (over 50 and growing), the question is which one will propel your organization forward and which ones will not?
Understanding How to Choose the Right Vendor
When evaluating RPA vendors and software, it is critical you understand the strengths and weaknesses that each RPA platform has. Some data points to consider:
- Is the vender well-funded?
- Where are they on The Forrester Wave™?
- What applications do they work well with and which ones do they not?
- What is their pricing model (per bot, per server, etc.)?
You also need to do your own internal due diligence and determine what applications and processes can you automate, are you using a cloud environment or local, and do any of your process need to be accessed via a Citrix ICA client or RDP. Will your automations be unattended, attended or both? These questions are just the beginning to understanding the your RPA journey.
Take a Deep Breath, iSparq Can Help
We are ready to be your partner in vendor and evaluation process. iSparq approaches the vendor selection process agnostically, knowing that no one RPA Platform works for everyone. Let us do the following for you:
- Listen to you and your RPA needs
- Suggest RPA vendors, if you need assistance
- Be a part of the vendor discussions so all the right questions are asked and answered
- Validate your needs are met
Our goal is to get you started the right way on your automation journey. Want to learn more? Start a conversation by telling us more about you and we’ll get right back with you.