UiPath is an RPA (Robotic Process Automation) tool that assists an organization in operating and automating business processes from various aspects thoroughly.
Robotic Process Automation means using Artificial Intelligence (AI) and machine learning to automate the backend office operations and perform the tasks without human intervention.
- Daniel Dines and Marius Tîrcă founded it in 2005 as DeskOver, and later in 2015, the company changed its name to UiPath.
- In June 2019, research firm Gartner announced that from 2017 to 2018, UiPath moved from #5 to #1 in RPA market share.
- We can use UiPath in various fields such as healthcare, banking, finance, etc.
- RPA automation process reduces human interaction by automating workflows using software or robots. RPA allows users to configure robots or software that enforces processes by integrating human actions. It collects data and orchestrates the application using the user interface.
- It also communicates with other applications to perform various repetitive tasks. We can integrate this tool with technologies such as AI(Artificial Intelligence), BPM (Business resource management), ERP (Enterprise Resource Planning), etc.
Why UiPath?
- Comply with industrial regulations: All major companies face compliance issues at a particular time. It can help organizations comply with regulations because it supports internal review.
- Cost-effective: This tool is cost-effective because of minimal operation cost. Companies can also utilize the identical model of UiPath across the globe.
- Security: The security feature in UiPath prevents users from various attacks, and when a user tries to log from a different system, it ends the previous session to render a new one.
- Community Support: It has a free trial in its community edition with tutorials and tips on using it. This edition is free for a lifetime and has most of the functionality of the Studio version.
- The speed with accuracy: It is often three to four times faster than any other RPA product available today because it enables robots to conduct real-time process adjustments based on the task's requirements.
- Increase Productivity: UiPath can boost productivity in an organization as tasks with a finger snap.
- Quick Deployment: With UiPath Apps, the creation is fast, and deployment can be at an individual, team, or enterprise-level with just a click of a button.
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