Robots are going to make up a huge chunk of the workforce over the next couple of decades, taking away repetitive and menial work away from human workers, and freeing them up for other qualitative applications.
Taking a huge lead in this space is Automation Anywhere, a company started by four Indian-origin entrepreneurs. They are revolutionizing the workplace through RPA or robot process automation.
Reuters
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Just in 2018, the Indian-origin Silicon Valley based startup has managed to raise $550 million or Rs 3,827 crore, the largest ever funding secured by a company with Indian-origin founders.
What is their USP? They have built software that can help automate any process in a company's workflow. What's more the software they have built is platform agnostic, and has characteristics of artificial intelligence (AI) and machine learning (ML) infused within, which's helping them take a big lead in the RPA industry.
Founded 15 years ago by a group of Indians in Silicon Valley, Automation Anywhere recently attracted a lot of attention by raising over $0.5 billion for the very first time, the most money raised by an Indian-origin company last year, signalling the importance of robot process automation in the software as a service industry.
Reuters
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According to co-founder and chief revenue officer Ankur Kothari, robot process automation is picking up steam because enterprises want to accelerate their digital journeys.?
A robot worker, from Automation Anywhere, is any process that has been digitized 100%. On its website, the company offers a store full of robots (software services) that companies can buy and deploy through their systems.
These 8 lakh robot workers created by Automation Anywhere range from bots who can analyze an image and extract data from it to scanning a document and saving it in a library, their tasks obviously get more complicated and monotonous.
ankur kothari and neeti mehta automation anywhere co-founders
What there isn't any doubt about is how much value these robot workers can streamline processes within a company, freeing up precious human resource for other challenging work.
In 2019, the company plans to spend all the money it has raised by hiring over 2000 employees and expand its operations around the world, getting aggressive with pushing it robot workers into the biggest companies of the world.