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Automation Anywhere: Tackling RPA at scale

Blog: MWD Advisors

 
Automation Anywhere, one of the RPA technology market’s leading vendors, offers a growing suite of tools to drive digital operations at scale.

Top takeaways

On a fast-growth trajectory

Automation Anywhere was founded in 2003 by current CEO Mihir Shukla (formerly of Kiva Software, Netscape, Infoseek and OmniSky) and several colleagues. Initially a provider of macro-based desktop task automation tools, Automation Anywhere has evolved into a leader in Robotic Process Automation (RPA) with over 1,100 customers across over 90 countries, an overall annual growth rate of over 100% and a subscription revenue growth rate of around 150%. It now has 1,000+ employees, and in July 2018 it secured $250m of venture funding from New Enterprise Associates and  Goldman Sachs.

Consistently adding capability

Automation Anywhere Enterprise provides the core of Automation Anywhere’s proposition, but recent years have seen the company consistently add capabilities around this core. IQ Bot adds machine learning-powered document classification and data extraction; Bot Insight adds operational and business analytics; Bot Farm adds dynamic operational scaling; and Bot Store adds a catalogue of over 400 pre-built automation components (and growing all the time).

Built for scale

Automation Anywhere’s overall portfolio excels particularly in large-scale implementations. Not only do Bot Farm and Bot Insight provide key capabilities for managing operational scale; but IQ Bot enables your implementations to capture more ‘upstream’ automation value by automating unstructured document processing, and just as importantly, core capabilities of Automation Anywhere Enterprise support project and program scale with support for artefact reuse, versioning, rollback and more.

Automation Anywhere: from desktop macros to enterprise RPA

Automation Anywhere was founded in 2003 by current CEO Mihir Shukla (formerly of Kiva Software, Netscape, Infoseek and OmniSky) and several colleagues. Initially a provider of macro-based desktop task automation tools, Automation Anywhere has evolved into a leader in Robotic Process Automation (RPA) with over 1,100 customers across over 90 countries, an overall annual growth rate of over 100% and a subscription revenue growth rate of around 150%. It now has 1,000+ employees, and in July 2018 it secured $250m of venture funding from New Enterprise Associates and  Goldman Sachs.

As is the case with most of the RPA vendors, the banking and financial services sectors form the backbone of Automation Anywhere’s customer base. However the company also has significant clusters of customers across other industries – including telecoms, logistics, high technology and energy.

Investing to tackle automation at scale

Automation Anywhere’s flagship product is Automation Anywhere Enterprise – a RPA platform offering a variety of tools to help organisations develop, operate and manage RPA bots that automate data entry, data gathering and other repetitive, routine tasks usually carried out as part of high-volume, repetitive work (for example, service fulfilment work in call centres, shared-service centres, and back-office processing environments). Automation Anywhere Enterprise bots can add value both in unattended (server-based, lights-out operation) and attended (desktop-based, interactive) deployment configurations.


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