Draft2:UiPath

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UiPath Inc. is a global software company that makes robotic process automation (RPA) software. It was founded in Bucharest, Romania, by Daniel Dines and Marius Tîrcă. Its headquarters are in New York City. The company's software monitors user activity to automate repetitive front and back office tasks, including those performed using other business software such as customer relationship management or enterprise resource planning (ERP) software.

In December 2020, the company filed confidentially for an initial public offering, and became public on April 21, 2021.[1]

Official Site - uipath.com

Company history with DOE

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Products

UiPath develops software to automate repetitive digital tasks normally performed by people. The technology combines emulating how humans read computer screens (AI computer vision), together with APIs, and gives users access to pre-built automation components that can be combined to automate routine processes.[3] Its earlier products simplified tasks performed using other business software such as CRM or ERP systems, in internal and back-office areas like accounting, human resources paperwork, and claims processing.[4][5] Newer applications of the company's software include coordinating with artificial intelligence systems to simplify repetitive front office tasks including customer management.[5] UiPath's built-in OCR engines from Google, Microsoft, and ABBYY can read information from a screen or scanned document.[citation needed]

UiPath's main product is the UiPath Automation Platform.[6] The platform combines a family of low-code visual integrated development environment (IDE) products called Studio for process creation, with client-side agents called Robots that execute those processes. The processes are deployed, monitored and managed remotely with a central management tool called Orchestrator.[7]

Additional available software includes:

  • UIPath AI Center (previously AI Fabric) - orchestrates and inserts AI into business processes.[4][citation needed]
  • UiPath Action Center - a communication tool for instances where robots need to connect with humans for direction, described by the company as “human in the loop.”[8][citation needed]
  • UiPath Apps - a low-code application development platform.
  • UiPath Assistant - a launchpad for automations that a company provides to its computer workers. It sits on the computer desktop and gives people easy access to selected automations that help them with their tasks.[9]
  • UiPath Automation Hub (previously UiPath Connect Enterprise) - a tool allows every employee at an organization to help find, suggest and track new processes to automate.[8][10]
  • UiPath Document Understanding - software that extracts, interprets and processes data from PDFs, images, handwriting and other communication media.[11]
  • UiPath Insights - a modular data dashboard that provides analytics for UiPath's automated processes.[8]
  • UiPath Process Mining (previously ProcessGold) - a tool that uncovers new automation opportunities by analyzing application logs.[9]
  • UiPath StudioX - a platform with simplified coding that allows workers to build their own robots to simplify their own work.[8]
  • UiPath Test Suite - automates and centralizes testing to ensure the quality of every automation and application before they go live.[12]

UiPath's software products are available as native software or using the Software as a Service (SaaS) model.[13][7]

UiPath also hosts the UiPath Academy, to provide job training and certification in the field of Robotic Process Automation.[14]

Comparison to other tools

UiPath Automation and Microsoft Power Automate Desktop cater to the automation of repetitive tasks, but they differ in several key areas:

1. Complexity and Scale of Automation:

  • UiPath:
    • Offers a comprehensive suite for both attended (where human intervention is needed) and unattended (fully autonomous) automation. It's particularly strong for complex workflows and enterprise-scale automation. UiPath provides robust tools for process discovery, data scraping, and integration with a wide array of applications beyond its own ecosystem.
    • It's designed to handle complex, multi-step processes across various parts of an organization, with strong features for orchestration, which allows for centralized management, scheduling, and monitoring of automation deployments.
  • Power Automate Desktop:
    • Primarily focuses on attended automation with capabilities for unattended as well, but it's more suited for tasks within the Microsoft ecosystem. It's part of the Microsoft Power Platform, making it ideal for integrating with Microsoft tools like Dynamics 365, Office 365, and SharePoint.
    • While it can handle complex workflows, it might not match UiPath in terms of the depth of automation for very complex, enterprise-level scenarios due to less focus on orchestration tools like UiPath Orchestrator.

2. User Interface and Ease of Use:

  • UiPath:
    • Has a steeper learning curve, but it provides extensive capabilities including a visual interface (Studio) for developers to create sophisticated workflows. It caters to both IT professionals and business users with its low/no-code solutions like UiPath StudioX for easier process design.
  • Power Automate Desktop:
    • Known for its user-friendliness, especially for those already familiar with Microsoft products. It offers a simpler, more intuitive interface with features like a drag-and-drop designer and AI Builder for ease of use, making it more accessible to non-developers.

3. Integration and AI Capabilities:

  • UiPath:
    • Strong integration with third-party applications. It has advanced AI capabilities through its AI Center, offering machine learning models and natural language processing for more intelligent automation.
  • Power Automate Desktop:
    • Integrates seamlessly with Microsoft services. It uses AI Builder for AI integrations, which is powerful within the Microsoft environment but might not be as extensive or enterprise-ready as UiPath's AI offerings for cross-platform solutions.

4. Pricing and Licensing:

  • UiPath:
    • Generally, it's perceived as being on the higher end of the cost spectrum, especially for large-scale deployments. However, it provides various licensing options that can be tailored to business size and needs.
  • Power Automate Desktop:
    • Offers more flexible pricing, with some features available for free or at a lower cost, especially for smaller businesses or individual users. It can be more cost-effective for those already invested in Microsoft products.

5. Community and Support:

  • UiPath:
    • Boasts a large community of developers and users, with extensive resources like UiPath Academy for training and certification.
  • Power Automate Desktop:
    • Benefits from the vast Microsoft community, providing support and integration possibilities within the Microsoft ecosystem. Microsoft's support network is very robust as well.

6. Scalability and Governance:

  • UiPath:
    • Built with scalability in mind, especially for large enterprises. It offers detailed governance through UiPath Orchestrator.
  • Power Automate Desktop:
    • While scalable, its governance features might not be as advanced as UiPath's for managing numerous bots at an enterprise level.

Related

External links

Social media

References

  1. ↑ Levy, Ari (2021-04-21). "UiPath climbs 23% in stock market debut after one of largest US software IPOs in history" (in en). https://www.cnbc.com/2021/04/21/uipath-rises-17percent-in-nyse-debut-after-one-of-top-software-ipos-ever.html. 
  2. ↑ https://www.uipath.com/solutions/industry/public-sector-automation
  3. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named strategy1
  4. ↑ 4.0 4.1 "UiPath: RPA and AI will be commoditized productivity tools within 5 years". June 22, 2019. https://venturebeat.com/2019/06/22/uipath-rpa-and-ai-will-be-commoditized-productivity-tools-within-5-years/. 
  5. ↑ 5.0 5.1 "UiPath nabs $568M at a $7B valuation to bring robotic process automation to the front office" (in en-US). April 30, 2019. https://techcrunch.com/2019/04/30/uipath-rpa-series-d/. 
  6. ↑ "Robotic process automation platform UiPath raises $750M at $35B valuation". February 1, 2021. https://techcrunch.com/2021/02/01/robotic-process-automation-platform-uipath-raises-750m-at-35b-valuation/. 
  7. ↑ 7.0 7.1 "Review: UiPath aces robotic process automation" (in en-US). May 6, 2019. https://www.infoworld.com/article/3393444/review-uipath-aces-robotic-process-automation.html. 
  8. ↑ 8.0 8.1 8.2 8.3 Cite error: Invalid <ref> tag; no text was provided for refs named silicon1
  9. ↑ 9.0 9.1 "UiPath robots 'calmly hyper' over hyperautomation". May 13, 2020. https://www.computerweekly.com/blog/CW-Developer-Network/UiPath-robots-calmly-hyper-over-hyperautomation. 
  10. ↑ "UiPath Extends RPA Market Leadership, Readies for Hyperautomation". February 21, 2021. https://business-review.eu/tech/uipath-extends-rpa-market-leadership-readies-for-hyperautomation-208170. 
  11. ↑ "Deloitte and UiPath partner to deliver Intelligent Document Processing". May 4, 2020. https://www.information-age.com/deloitte-uipath-partner-deliver-intelligent-document-processing-123489324/. 
  12. ↑ "UiPath Now Certified for SAP Solution Manager Test Automation". August 5, 2020. https://aithority.com/robots/automation/uipath-now-certified-for-sap-solution-manager-test-automation/. 
  13. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named venture2
  14. ↑ Lunden, Ingrid (April 3, 2020). "UiPath extends its online RPA academy and certification". https://www.cxoinsightme.com/news/uipath-extends-its-online-rpa-academy-and-certification/. 

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