Robotic process automation (RPA) is one of the fastest-growing segments in the enterprise IT space. Rapid adoption, driven by simple user interfaces and rapid deployment timelines, have generated massive cost savings for corporate back office teams. As a result, spending on RPA solutions is expected to grow from $250 million in 2016 to over $2.9 billion in 2021 according to Forrester.
Robots are being deployed to automate repeatable, standardized, or logical tasks historically handled manually by back-office teams. Despite their utility, these robots are limited to explicit tasks such as updating, validating, and moving data.
To solve this limitation, Skymind incorporates AI with RPA to enable robots to automate more complex, human-driven tasks. These tasks include making approval decisions, flagging fraud, classifying documents to recognizing images.