Companies around the world are beginning to implement virtual workforces, which can help automate the business process, and save time and operational expenses, according to P&S Intelligence. Along with it, the global robotic process automation market is expected to soar from $1.6 billion in 2019 to more than $46 billion over the next decade. In addition, “numerous software vendors have added RPA solutions to their portfolio, in order to help companies make up for the amount of work lost due to the worldwide shutdown of most commercial and industrial activities. Additionally, several firms have cut down their staff, to minimize their operational expenditure, which is another reason the demand for RPA solutions is high, as they make the operations efficient and cost-effective.” That being the case, some of the top companies to keep an eye on include Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF), Rockwell Automation (NYSE:ROK), NICE Systems Ltd. (NASDAQ:NICE), Honeywell International Inc. (NYSE:HON), and Pegasystems Inc. (NASDAQ:PEGA).
Datametrex AI Ltd. (TSXV:DM)(OTC:DTMXF) BREAKING NEWS: Datametrex AI Ltd. is pleased to announce that it has entered into a sales agreement with 7-Eleven Korea for Robotic Process Automation infrastructure.
The global RPA market size is expected to reach $7.2 billion by 2025, rising at a market growth of 32.6% CAGR during the forecast period. RPA is the technology that enables anyone to configure computer software today, or a "robot" to replicate and incorporate the actions of a person working within digital systems to conduct a business process. An increased demand for business process automation is expected to be the main growth driver through the use of Artificial Intelligence and RPA.
7-Eleven is a international chain of convenience stores founded in 1927 in the United States with over 70,000 stores located around the globe. 7-Eleven has a legacy of innovation and delivering “what the customers want, when and where they want it.”
Datametrex is working closely with clients to power it through their digital initiatives and improve their delivery on innovation as they continue the pursuit of catering to a modern, digital-savvy generation of shoppers. “At Datametrex, we continue our efforts to facilitate ground-breaking technologies to companies across the globe. Our technology is proven to be valuable to make sense of the data beyond complicated spreadsheets.” said Marshall Gunter, CEO of Datametrex. “We pride ourselves in providing tools that our clients can use to visualize their customer and stakeholder data. Through predictive analysis they can support their decision making, mitigate risk, and improve their bottom line.”
Other related developments from around the markets include:
Rockwell Automation (NYSE:ROK) Chairman and CEO, Blake Moret, will present at the Virtual 8th Annual Morgan Stanley Laguna Conference on Wednesday, September 16, 2020. The presentation will be webcast beginning at approximately 8:45 a.m. Central Time and will be available on the Investor Relations section of the Rockwell Automation website.
NICE Systems Ltd. (NASDAQ:NICE) announced that NICE inContact CXone, the world’s #1 cloud customer experience platform, has been recognized as a leader for Cloud Contact Centers by Forrester Research. The Forrester Wave™: Contact-Center-As-A-Service (CCaaS) Providers, Q3 2020 report identifies CXone among the most significant cloud contact center platforms in the market, with CXone receiving the highest possible score in the “market presence” category and securing top ranking in the “current offering” and “strategy” categories. NICE inContact CXone earned the highest possible scores in 29 of the 33 criteria used by Forrester to evaluate 10 of the most significant cloud contact center vendors. Forrester Wave author Art Schoeller, vice president and principal analyst, noted the following in the report: “As on-premises contact center (CC) software becomes outdated and less effective, integrated CCaaS suites improve omnichannel and workforce optimization (WFO) — as well as enable a broader range of AI applications.”
Honeywell International Inc. (NYSE:HON) announced new solutions to its Healthy Buildings Safety & Security offering that help building owners comply with social distancing and mask guidelines. Using deep learning artificial intelligence video analytics, the Honeywell Pro-Watch and MAXPRO Network Video Recorders (NVR) and Video Management Systems (VMS) can now use existing cameras to identify if building occupants are complying with guidelines around social distancing and wearing masks. The advanced analytics provide an industry leading level of accuracy, when used in the recommended operating conditions, and can isolate and report any instances of non-compliance to buildings and facility managers. “Many companies are grappling with how to comply to new guidelines and recommendations like social distancing and wearing masks to keep their workforce safer, and this can be a daunting task for facility managers to handle manually,” said Manish Sharma, Vice President and Chief Technology Officer of Honeywell Building Technologies. “We’ve long known that video systems can do more than capture and store video feeds of events. We’ve deployed more powerful AI (Artificial Intelligence) & ML (Machine Learnings) to help identify trends, track patterns and help building owners better understand how spaces are used. These new solutions by Honeywell aim to give both building managers and tenants the ability to navigate living and working in the new normal.”
Pegasystems Inc. (NASDAQ:PEGA) he software company empowering digital transformation at the world’s leading enterprises, today introduced X-ray Vision – the industry’s first self-healing robotic process automation (RPA) capability to detect and fix broken bots with no human intervention. Combined with new automated bot authoring tools, Pega RPA will provide clients with faster, more durable, and easier to deploy RPA. A fall 2019 Pega survey found that 87% of businesses experience bot failures. Why? Because most RPA solutions rely on surface-level screen scraping to automate processes across an ever-changing landscape of applications. But when the application user interfaces change – which happens every day at any evolving business – those armies of bots become unreliable and prone to break. The result: wasted investment, unexpected downtime, and rapidly increasing maintenance costs. With X-ray Vision, Pega will expand on its patented Deep Robotics approach to RPA that durably binds the bot within native application controls instead of at the surface level. The new capabilities will leverage AI algorithms to make it far easier and faster than current available solutions to create new bots and keep them running. With this ease and speed, Pega will help give organizations a viable way to significantly scale their RPA initiatives beyond the typical handfuls of bots.
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