UiPath Reveals Expanded Generative AI and Specialized AI Offerings
UiPath, a leading enterprise automation software company, announced its latest AI-powered automation
features that accelerate customers’ ability to discover, automate, and operate
automations at scale through Generative AI and Specialized AI.
According to a recent report by McKinsey on the economic impact of Generative AI, automation
potential has accelerated and Generative AI has increased the total percentage
of hours that could theoretically be automated by integrating technologies that
exist today from about 50 percent to 60–70 percent. The UiPath Business
Automation Platform is adding more AI offerings with Generative AI, including
the general availability of OpenAI and Azure OpenAI connectors with support for
GPT-4. UiPath customers are already using the OpenAI connector to extend
automation deeper into business operations and turn data into actionable
insights.
“Using the UiPath OpenAI
connector, we can leverage GPT models
to prewrite responses to customer inquiries, or for summarizing and distilling
longer documents into key points. This is an asset when faced
with character limits or size constraints,” said Aaron Phillips, Manager of
Intelligent Automation at Reveal Group.
In addition, UiPath is
announcing support for the Falcon Large Language Model (LLM) via its AWS Sagemaker connector,
and the preview of the Google Vertex connector with support for PaLM 2.
UiPath has been working on
AI for many years. Its Specialized AI solutions include over 70 models that
enable customers to understand screens, mine tasks, process documents, and
utilize unique and proprietary data sets within enterprise workflows. Specialized
AI can be securely trained with a customer’s data and optimized for its
specific needs, resulting in fast, accurate, and tailored solutions that are
cost-effective to operate and that deliver high value outcomes.
UiPath is continuing to
make significant advancements in Specialized AI, refining its industry-leading
solutions such as Document Understanding and Communications Mining by incorporating GPT-based technologies. Communications Mining is
using GPT to generate suggestions for labels, which speeds up the model
training process to allow for faster deployment and faster time-to-value. Similarly,
GPT is being used in Document Understanding to improve classification and
pre-labeling.
“AI technologies are at the
core of the UiPath Business Automation Platform, and we are excited to extend
the capabilities of our enterprise automation with new Generative AI and
Specialized AI offerings,” said Graham Sheldon, Chief Product Officer at
UiPath. “UiPath is uniquely able to combine our understanding of screens,
documents, tasks, and processes with the intelligence of Generalized AI to
watch work happen, understand what is being done, and automate it in our
platform. Only when AI is combined with enterprise automation, to provide
context and take appropriate action, will companies realize the complete
value.”
In addition to these new
features, UiPath has also announced the preview availability of Clipboard AI for finance teams. Clipboard AI is an offering that uses UiPath AI
Computer Vision and Generative AI to easily transfer data between documents,
spreadsheets, and apps, understand the content, and automatically insert the
data in the right places. The preview for finance teams is designed to help
them effectively and efficiently manage invoicing across numerous finance platforms.
UiPath announced the features during Europe’s largest automation and AI
conference, TOGETHER London. The
event is taking place today at the Intercontinental O2 in
London with 600 automation professionals gathering for a full day of
sessions showcasing how
AI-powered automation delivers cost transformation, profitable growth, and
increased customer and employee engagement across the enterprise. Customers
such as British Airways, Takeda
Pharmaceuticals, Flutter UKI, NatWest
Group and IAG Tech are
presenting on how AI-powered automation is helping their companies grow and
create better customer and employee experiences.
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