The Automation Anywhere-FortressIQ combination is poised to create a revolutionary model of enterprise automation. Automation Anywhere, a leading leader in the Robotic Process Automation (RPA) space, has acquired FortressIQ, a pioneer in process discovery. This acquisition allows Automation Anywhere to expand its capabilities in the process discovery and automation space.
This move will have far-reaching implications for the automation industry, and many potential benefits could come from this combination. Let us explore them in detail.
Overview of Automation Anywhere
Automation Anywhere is a powerful robotic process automation (RPA) software platform. The platform supports a wide range of robotic tasks including web-based applications and application integration and provides a complete environment to help businesses automate most or all of their manual tasks. Automation Anywhere was launched in 2003, making it one of the first RPA software providers. Since then, Automation Anywhere has become one of the world’s largest enterprises focused solely on intelligent automation technologies, with more than 2,800 corporate customers and over 2 million users worldwide.
The company recently announced the acquisition of FortressIQ in September 2020, which marked its entry into the next level of automation – process discovery. Process discovery helps organizations understand how data flows through their core business processes and identify potential risks within those processes before deploying bots to automate them. This combination provides customers with advanced RPA tools for automating enterprise-wide activities such as event management and risk management in addition to industry-specific workflows such as customer onboarding or purchasing compliance. The combination creates an end-to-end platform for intelligent process automation from process discovery through execution, monitoring and optimization across multiple applications.
Overview of FortressIQ
FortressIQ is a software platform aimed at helping organizations unlock the potential of automation by understanding how their existing manual processes work. It uses a combination of robots, optical character recognition (OCR) technology, and other artificial intelligence (AI)-driven insights to map out and analyze processes from inside the organization’s IT systems. In this way, FortressIQ provides organizations with real-time visibility into the operation of their manual processes and helps them identify opportunities for automation by bringing automation experts into the process discovery phase.
Automation Anywhere recently acquired FortressIQ to expand its offerings into process discovery. With this acquisition, Automation Anywhere customers will now be able to leverage FortressIQ’s capabilities to better understand their current manual processes before they begin creating automated workflows. This means that organizations can use this information to decide which tasks are suitable for automation and where bots are best situated within their operations. It also reduces unnecessary costs associated with automating wrong or duplicate processes and allows organizations to move faster towards increasing efficiency in manual processes and driving rapid inflation automation initiatives.
Automation Anywhere expands into process discovery with FortressIQ acquisition
Automation Anywhere recently announced it has acquired FortressIQ, a company specializing in process discovery and intelligence. This acquisition marks a major milestone as it seeks to expand its automation capabilities by incorporating FortressIQ’s process discovery and intelligence product.
Let’s explore how this acquisition will benefit the Automation Anywhere ecosystem.
Benefits of the Acquisition
The acquisition of FortressIQ by Automation Anywhere adds a key piece to Automation Anywhere’s growing robotic process automation (RPA) platform. It will enable organizations to discover, replicate and manage their processes for consistent and faster execution.
By combining Automation Anywhere’s RPA capabilities with FortressIQ’s AI-based process discovery platform, customers are presented with the potential for higher accuracy, cost savings and quicker deployment cycles across process optimization programs.
Automation Anywhere can leverage FortressIQ’s data-driven models to identify specific patterns within a business’s existing workflows. Through machine learning, businesses can make more accurate predictions on optimizing processes across multiple departments such as Operations, IT and Finance to ensure that business activities run more smoothly. In addition, adding an AI-based understanding of the underlying local processes allows organizations to better map their automated workflows into the globally accepted standards for digital transformation projects.
Additionally, the combination of Automation Anywhere’s leading low-code RPA platform and FortressIQ’s no-code process discovery solution provides organizations with reliable real-time insights through its object recognition technology that identifies components within a process to generate a roadmap for efficient automation deployments. This buys enterprises considerable time as they no longer have to manually audit hundreds or thousands of activities across multiple business units; instead they can view an automated map of these activities without violating privacy protocols around sensitive data.
By joining forces, both companies will create even more powerful solutions that allow customers to accelerate their digital transformation journeys without compromising their data security or enterprise governance requirements.
Process Discovery Capabilities
With the acquisition of FortressIQ, Automation Anywhere is adding process discovery to its automation capabilities. Automation Anywhere leverages AI and RPA robots to enable digital transformation for organizations across many industries. FortressIQ complements Automation Anywhere’s offering, allowing faster and more accurate process mining and visualization.
This expands the capabilities of Automation Anywhere to include intelligent process automation (IPA) which can automate a variety of manual tasks that are essential but tedious or complex for human employees.
FortressIQ provides ground-breaking technologies such as process intelligence, robotic capture technology and touchless automation that combine powerful tools such as natural language processing with an innovative user interface that allows users to explore automated processes visually. These capabilities allow businesses to quickly analyze workflows, identify inefficiencies, reveal opportunities for improvement and provide deep visibility into operations performance.
With these features in place, enterprises can take their automation initiatives up a notch and achieve significant cost savings while ensuring employee satisfaction through improved productivity. In addition, combining robot-based process automation with intelligent insights offers businesses unprecedented levels of automation reach with more comprehensive organizational transparency than ever before.
AI-driven Automation Solutions
Automation Anywhere, the market leader in Robotic Process Automation (RPA), recently acquired FortressIQ, a startup specializing in process intelligence and discovery. The move signifies Automation Anywhere’s aim to expand its service offerings beyond RPA into AI-driven solutions that can automate end-to-end business processes.
Combining Automation Anywhere’s existing cognitive features and FortressIQ’s patented technology enables organizations to discover and map complex tasks, model them using Intelligent Process Automation technologies, and automatically deploy robotic workers to execute them. All of this happens without exposing the underlying systems or code base. Additionally, since FortressIQ does not require agents to be deployed or maintained on targeted machines, it drastically reduces the technical overhead for adopters – thus reducing the cost of automating workflows.
The partnership also unlocks unprecedented operational transparency within organization which provides crucial insights into historical performance for individual tasks – facilitating data driven decision making at scale by executives. Furthermore, by unifying two industry standard tools under a single platform, automation novices will have unprecedented access to sophisticated augmented automation capabilities through easy-to-use enterprise grade drag n’drop features with little need for training or technical expertise.
Combining Automation Anywhere’s prodigal product efficacy and best-in-class governance capabilities offered by Fortress IQ marks an exciting time for businesses seeking rapid digital transformation through advanced robotic process automation solutions that leverage core AI frameworks.
Potential of the Automation Anywhere-FortressIQ Combination
Automation Anywhere recently announced the acquisition of FortressIQ, an AI-driven process discovery platform. This acquisition comes as Automation Anywhere continues its mission to deliver the leading digital workforce automation platform.
Through the combination of Automation Anywhere and FortressIQ, organizations can discover and automate their processes faster and more efficiently.
This article will explore the various potential benefits that the Automation Anywhere-FortressIQ combination will bring to organizations.
Automating Complex Processes
The combination of Automation Anywhere and FortressIQ brings a new level of process automation, allowing businesses to unlock “unknown” processes critical to their business operations. By applying automated process discovery algorithms, organizations can identify previously hidden processes and workflows, gain intelligence on data flow, and better understand the underlying operations of their organizations.
Process discovery algorithms realize increased efficiency through improved accuracy when mapping processes. This technology helps to recognize areas for process optimization in many different organizational workflows, including finance, HR, IT, customer service and marketing functions. Automation Anywhere’s bots quickly detect business context changes by understanding complex processes — from employee onboarding and expense approvals to customer support escalation protocols with intuitive user interfaces.
Moreover, this combination enables organizations to gain insights into complex digital transformation strategies related to cloud automation migration activities and churn prevention. The integration also provides cognitive robotic process automation (RPA) capabilities for leveraging natural language processing (NLP) for enhanced accuracy over voice interactions with customers—all while amplifying cost savings inherited through process optimization initiatives.
The Automation Anywhere-FortressIQ combination opens the door to streamlined processes and better collaboration between traditional enterprise teams and departments at scale—thus increasing efficiency while minimizing errors due to manual activities often found in high-complexity workflow scenarios. Additionally, with opportunities for cost efficiencies related to better visibility into repetitive tasks involved in many core ops processes; organizations can realize a strategic advantage through increased agility across all departments while integrating core technology throughout the organization at scale—from IT implementations through customer service delivery efforts along every organizational touchpoint.
Improved Efficiency and Productivity
The Automation Anywhere-FortressIQ combination is a key milestone in the automation industry, providing a tremendous potential for improved efficiency and productivity. Automation Anywhere is leveraging FortressIQ’s capabilities to expand into process discovery with the acquisition. This will allow for more comprehensive automation options across the entire lifecycle of robotics process automation (RPA). Through a multi-layer approach to process discovery, RPA customers can quickly identify and automate sophisticated processes that were previously too difficult or even impossible to automate.
By combining process discovery and robotic automation, organizations can now holistically manage mission-critical data while drastically improving efficiency by eliminating manual labor and inefficient processes. Further opportunities afforded by the combination are ensuring higher precision of automated moves through AI cognition that understands human behavior in organizational context and better practices enforcement due to increased visibility and control of their operations. All these benefits result in reduced time and cost while better user experience drives improved customer satisfaction.
This provides an incredible opportunity for enterprises looking to gain competitive advantage, enable business agility, optimize operations and generate new revenue streams through RPA initiatives. Through this acquisition, Automation Anywhere is getting access to AI-through-vision capabilities which will help them become an innovative provider of holistic robotic solutions that transform enterprises into smarter workforces!
Enhanced Insight into Processes
The combination of Automation Anywhere and FortressIQ offers vast potential for enterprises to gain new and enhanced insight into processes. Automation Anywhere-FortressIQ can provide data for companies to better monitor step-level performance and analyze the complete lifecycle of processes by automating process discovery. In addition, this combination allows users to identify abnormalities in their robotic process automation (RPA) process flow.
Understanding current workflow is essential when companies are looking to improve their processes or introduce new ones. With automated discovery capabilities, businesses can gain real-time visibility into how workflows execute across implementations and potentially reduce their start up times on new projects. In addition, this provides the opportunity to develop efficient horizontal scaling strategies early on across multiple locations and verticals.
With this powerful combination, organizations can accurately measure throughput, exceptions encountered in tasks execution, and capture important insights about customer journey analytics and customer experience management with detailed views of activities carried out by employees or robots and integrated systems to carry out customer service initiatives.
Automation Anywhere-FortressIQ enables companies to optimize their RPA deployments while gaining visibility of their business’s underlying processes throughout different departments, from front-end operations to back office functions such as finance and accounting teams. This enhanced visibility provides a 360 degree view of complicated operational data that could be previously difficult to analyze due to a lack of understanding where delays may have occurred or why certain tasks failed altogether throughout the enterprise’s internal process performance evaluation or even customer relationship management initiatives when trying improve brand loyalty among customers.
Organizations can also make smarter decisions with robust insights on how tasks are being executed between machines and humans so that key opportunities for efficiency improvements can immediately become actionable quickly allowing a fast improvement cycle that builds confidence among decision makers.
Conclusion
Automation Anywhere has been successful in expanding its process automation capabilities through the acquisition of FortressIQ. The combination of Automation Anywhere and FortressIQ allows users to automate complex processes that require intricate understanding to execute correctly.
Combining these two technologies provides a powerful AI-based platform to transform how organizations determine and quickly execute on automation opportunities.
In conclusion, the Automation Anywhere-FortressIQ combination can potentially revolutionize the process automation arena.
Overview of Benefits
The Automation Anywhere-FortressIQ combination brings together the power of automation with a deeper understanding of the process — enhancing enterprise efficiency and accelerating digital transformation for organizations worldwide. Automation Anywhere’s RPA solution covers the full spectrum of automation solutions, from basic bots to intelligent process automation (IPA). With the addition of FortressIQ’s process discovery capabilities, organizations can map out processes faster, providing an overview crucial for successful enterprise digital transformation.
Additionally, FortressIQ’s AI-driven approach automatically documents end-to-end human tasks. It converts them into instructions used by bots to execute their jobs more accurately and efficiently — driving greater cost savings.
Essentially, this combination will give businesses unparalleled visibility into how their processes are executed and enable them to quickly identify any bottlenecks or inefficiencies that can impact operational performance. This simple yet powerful solution also helps improve business agility so they can move more quickly while reducing manual work and rework associated with traditional process discovery methods such as interviews or onsite visits. The result is improved productivity, cost savings, and optimization, resulting in greater business success.
Future of Automation Anywhere-FortressIQ Combination
The combination of Automation Anywhere and FortressIQ is expected to be a game-changer in the automation industry. By leveraging the power of Artificial Intelligence (AI) and Machine Learning (ML), Automation Anywhere can quickly discover processes across large organizations and facilitate their automation with minimal effort from end users.
This combination will make it easier for companies to automate their processes and enable faster process discovery, which is critical for long-term success in this increasingly digital world. In addition, by expanding into process discovery, Automation Anywhere can identify operational inefficiencies that can be addressed via automation or optimization.
Furthermore, by providing advanced data insights through FortressIQ’s state-of-the-art data analytics platform, Automation Anywhere is expected to help companies gain better visibility into their operations and drive greater efficiency during the entire process lifecycle. Ultimately, this uncoupling of manual effort and AI/ML should lead to more accurate decision making and improved business outcomes in the long run.
tags = Automation Anywhere, FortressIQ, robotic process automation (RPA) software, AI-fueled software, anywhere fortressiq fortressiq 46mmillertechcrunch, Mihir Shukla, Pankaj Chowdhry