UiPath Named a Leader in Everest Group Digital Interaction Intelligence Products PEAK Matrix .......
UiPath
, a leading enterprise
automation and AI software company recently announced that
it was named a Leader in the Everest Group Digital Interaction Intelligence Products PEAK Matrix®
Assessment 2024 for the second consecutive year, the latest
recognition of UiPath’s strong market impact and vision for Continuous
Discovery, which combines best-in-class, AI-powered task analysis and
automation.
The Everest Group Digital Interaction Intelligence Products PEAK Matrix®
Assessment 2024 is an annual industry assessment that evaluates the competitive
technology landscape of task mining technology and key task mining trends.
UiPath was named a Leader, and the report states, “UiPath enables companies to
understand, automate, and operate end-to-end business processes and helps them
achieve a state of continuous discovery and improvement by combining task
mining, automation, process mining, and communications mining.”
The report notes, “Its
unassisted task mining leverages AI/ML algorithms to classify and aid in the
discovery of tasks, construct process maps, and determine the optimal variant.”
The report also states that UiPath is a top provider for task mining clients,
and that UiPath has experienced approximately 150% year-over-year growth in
task mining clients.
“UiPath Task Mining helps enterprises achieve operational excellence by
providing them with the data-driven approach to optimize and accelerate their
automation journeys. Continuous investment in product enhancements, integration
with its automation capabilities, and strong YOY growth in its task mining
revenue and client base have led UiPath to be recognized as a
Leader on Everest Group’s Task Mining PEAK Matrix® Assessment 2024,” said Amardeep Modi, Vice
President at Everest Group. “Ease of setup and implementation, scalability, and ability to increase
efficiency are some of the key strengths highlighted by its clients.”
UiPath Task
Mining is part of UiPath Continuous Discovery, which allows
organizations to mine data from business applications, desktop activities, and
conversations for a holistic view of end-to-end processes. UiPath Task Mining
takes a data-driven approach in analyzing employees’ desktop activities,
helping determine the best automation and process improvement opportunities.
With AI-powered task analysis, businesses can identify areas for process
improvement, revamp workflows, and implement process automation within the
UiPath Business Automation Platform.
“Continuous
Discovery is essential for organizations to consistently identify the source of
bottlenecks and inefficiencies so they can focus efforts on high
return-on-investment automation and improvement opportunities. Using this
technology, businesses can keep processes in their most optimized state,” said
Graham Sheldon, Chief Product Officer at UiPath. “With UiPath Task Mining,
companies can gain objective data-driven insights into how people work and
execute on automation ideas to increase efficiency and improve processes.”
This
year, UiPath was also named a Leader for the fourth consecutive year in
the Everest Group Process Mining Products PEAK Matrix® Assessment 2024.
UiPath Process Mining transforms transactional data from backend systems such
as SAP, Salesforce, ServiceNow, and Oracle into visual interactive dashboards.
The dashboards provide a view of the as-is processes and KPIs, allowing users
to identify process bottlenecks or discrepancies, and leverage AI to understand
the root-causes or possible risks. In its evaluation of UiPath Process Mining,
Everest Group reported that customers cited ease of use, process graph
visualizations, integrations with external data sources, continuous monitoring
capabilities, and ability to detect bottlenecks in processes as strengths.
Everest
Group's Digital Interaction Intelligence Products PEAK Matrix® Assessment
provides analysis and insights on task mining vendors and products to assist
enterprises in their selection processes. The findings — based on an evaluation
of vendors’ impact on the market, overarching vision and product capabilities
and support, innovation, and significant performance improvement — are seen as
benchmarks in standards and quality for the industry. As part of the
evaluations, vendors are classified into Leaders, Major Contenders, and
Aspirants, based on key dimensions. Everest Group defines Leaders as companies
with strong growth momentum in the task mining market, that continue to
differentiate with innovative features, and that focus on expanding their
service and technology provider partnership ecosystem.
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