Automation Anywhere, a leader in the Robotic Process Automation (RPA) market, has announced the planned acquisition of FortressIQ, the provider of an end-to-end digital process automation platform.
This move is expected to help the company to further strengthen its intelligent automation capabilities.
This article will explore the potential impacts of this acquisition, focusing on the benefits to Automation Anywhere and its customers.
Background on Automation Anywhere and FortressIQ
Automation Anywhere is a global leader in robotic process automation (RPA) offering enterprises a modern intelligent automation platform that even powers the smartest processes. The company combines the power of its revolutionary Botchain, which allows for the tracking and secure management of millions of bots, with artificial intelligence (AI) capabilities to enable enterprises to optimize end-to-end workflows. Automation Anywhere’s suite of digital process automation (DPA) solutions including cognitive technology capture and assess business data to rapidly create automations and self-learning bots.
FortressIQ is a software company focused on providing intelligent business process discovery and process intelligence solutions to Fortune 2000 companies. The company’s flagship product, FortressIQ Process Intelligence Platform, uses computer vision algorithms to deconstruct repeatable processes while providing insight into organizational performance. In addition, FortressIQ provides an AI-powered intuitive workspace that helps businesses optimize their operations by understanding how work gets done across departments within their organization.
By combining Automation Anywhere’s leading robot platform with FortressIQ’s advanced machine learning capabilities for process discovery, customers can dramatically streamline their operations by quickly automating processes autonomously or manually without coding. This new level of end-to-end intelligence automation will give customers greater control over operational complexity, operational risk, and decision making at scale to maximize productivity at lower costs.
Automation Anywhere to Acquire FortressIQ to Reimagine Intelligent Automation
Automation Anywhere, a leading robotic process automation (RPA) software provider, recently announced plans to acquire FortressIQ, a machine learning and process intelligence platform. The acquisition aims to create the industry’s largest and most comprehensive platform for intelligent automation, enabling organizations to rapidly automate complex tasks and processes.
This article will discuss what this acquisition means for Automation Anywhere and FortressIQ, and why this move could potentially transform the automation industry.
Benefits of the acquisition
Automation Anywhere’s acquisition of FortressIQ offers multiple benefits to companies and customers. First, automation Anywhere will gain access to FortressIQ’s advanced cognitive automation technology, enabling them to accelerate their journey towards intelligent automation. With this technology, Automation Anywhere can enhance the capabilities of its digital workforce to complete increasingly complex tasks with minimal manual intervention.
At the same time, FortressIQ’s ability to deliver process discovery and enable large-scale automation projects will help Automation Anywhere expand its portfolio of products and services, making it easier for enterprises to automate entire departments or processes at once. By combining the strengths of their technological capabilities, Automation Anywhere and FortressIQ can create a comprehensive suite of products that has something for every business from small startups to large enterprise companies.
Furthermore, this acquisition also gives customers access to features such as robotic process automation (RPA), a machine learning platform, prescriptive analytics and natural language processing – all in one place – enabling them to execute intelligent automation at scale. This could be a major game changer in transforming how businesses operate as customers will no longer worry about connecting disparate systems or handling data-intensive deployments that require significant manual labor. Ultimately, this acquisition should significantly simplify the process for customers looking for an automated enterprise-wide solution.
How the acquisition will help Automation Anywhere
The combination of Automation Anywhere and FortressIQ is expected to help drive the next level of intelligent automation solutions, enabling enterprises to easily design, run, govern and secure automation solutions with fast insights powered by intelligent technologies like machine learning and computer vision. The acquisition of FortressIQ would be a big step forward in accelerating the automation journey for Automation Anywhere customers, providing them with even more powerful and secure solutions on premise and in leading public cloud platforms.
Specifically, Automation Anywhere will be able to integrate FortressIQ’s powerful Process Discovery capabilities into Automation Anywhere’s existing enterprise-grade suite of products for RPA (Robotic Process Automation). By combining these products allowing enterprises to better map their workflows, understand current processes and use those insights to more accurately define the correct program flow for all robotic process automations, it will enable the building of even faster and more efficient bots.
FortressIQ’s advanced Computer Vision technology will also become natively embedded within Automation Anywhere’s platform. This will enable customers using virtual bots to read visual data from applications that do not have APIs or accessible elements such as legacy systems or websites. Additionally users can create new robots without having any prior coding expertise or without needing large amounts of training data- eliminating headaches associated with typical AI implementations requiring significant technical expertise and significant time investment. Together these capabilities are expected to help enterprises complete their automation initiatives more quickly with better accuracy rates than previously achieved in the industry.
Automation Anywhere’s Plans for the Future
Automation Anywhere announced plans to acquire FortressIQ earlier this year, enabling the company to realize its vision of intelligent automation.
Automation Anywhere is making headway towards its goals in the automation industry and its acquisition of FortressIQ is a major milestone in that direction.
Let’s take a look at how exactly this acquisition will help Automation Anywhere reach its goals.
Automation Anywhere’s strategy
Automation Anywhere’s strategy is to help organizations leverage the power of automation to increase efficiency, provide for greater control and visibility over operations, and drive strategic growth. The company has announced a planned acquisition of FortressIQ, which provides intelligent automation technology.
Adding FortressIQ’s capabilities to Automation Anywhere’s powerful RPA platform will facilitate organizations to automate complex but repetitive tasks with agility and accuracy. Automated processes create reliable data that enables enterprises greater control and visibility into their operations. Together with RPA, AI technology provides an optimal approach to streamlining workflows across multiple applications and automating complex business processes in financial services and healthcare industries.
With this new partnership, Automation Anywhere can now offer customers an even more comprehensive suite of products that can automate end-to-end tasks within a business. This approach has successfully reduced costs while increasing productivity and accuracy; ultimately helping enterprise operations become more efficient while reducing operational risks associated with manual processes.
From a technical standpoint, this new solution will directly integrate intelligent agent modeling, task orchestration & monitoring capabilities into the Automation Anywhere platform for seamless deployment within native systems. This integration amplifies Autmation Anywhere’s benefits by allowing enterprises to deploy robotic process automation (RPA) alongside artificial intelligence (AI) in complete unison – leading the way for intelligent automation solutions across multiple software environments & industry verticals.
The combination of AI & RPA provides an opportunity for Enterprises to realize their highest value potential while at the same time improving customer service experiences, boosting efficiency in low-code/no-code development environments – increasing speed & accuracy significantly all along the deployment timeline & post deployments as well!
Automation Anywhere’s vision
As a leader in Robotic Process Automation (RPA), Automation Anywhere aims to redefine Intelligent Automation by introducing its ‘Software Robot’ technology. With its advanced cognitive capabilities, fortified with cutting-edge technologies such as Machine Learning, Natural Language Processing and Computer Vision, the company is paving way for an ultra-intuitive automation experience.
Automation Anywhere recently announced its acquisition of FortressIQ, a leading provider of enterprise process intelligence solutions. Through this acquisition, the enterprise will have access to full-stack Robotic Process Automation and comprehensive visibility into enterprises’ business processes by leveraging FortressIQ’s process discovery capabilities. This combination creates new opportunities for rapid automation deployments and the potential to implement AI tools in all industries from healthcare to banking and insurance.
Automation Anywhere’s vision involves integrating their AI technology into their products and services and further integrating advanced process observability capabilities across all digital transformation initiatives through enhanced automation layer powered by intelligent bots. By combining existing technology portfolio with current progress in autonomous robots, its software robots could provide an end-to-end intelligent enterprise automation framework enabling underserved small businesses and large enterprises to adopt them at scale quickly and cost effectively. This acquisition is a vital part of the plan, positioning it as a strategic player with a robust portfolio of robotic process automations and Artificial Intelligence solutions that customers can leverage faster than ever before.
Conclusion
Automation Anywhere’s acquisition of FortressIQ is a great move for both companies, enabling them to create the world’s first end-to-end intelligent automation platform. Combining the two technologies will create a powerful environment that can automate more complex processes and enable organizations to gain more insight into their operations.
In conclusion, Automation Anywhere and FortressIQ’s new partnership offers a lot of potential in reimagining the landscape of intelligent automation.
Impact of the acquisition
The acquisition of FortressIQ by Automation Anywhere is a strategic move that will meaningfully accelerate innovation in the Intelligent Automation space. This partnership brings together Automation Anywhere’s extensive capabilities and FortressIQ’s groundbreaking AI-driven technology to enable the development of smarter, faster and more efficient workflows.
Combining these offerings promises to create an intelligent automation platform that drives continuous process optimization, eliminates manual steps and removes cognitive overload from human operations. Moreover, it can potentially create an automated enterprise platform with next-generation Enterprise A2019RPA software bots and AI agents working together to streamline processes across customer applications and leverage customer data more efficiently.
Ultimately, this new automation combination improves the customer experience through faster processing times and improved process accuracy without sacrificing security or quality. It also unlocks numerous opportunities for businesses to apply for cost savings and drive higher customer satisfaction scores by creating a frictionless digital user experience.
What to expect from Automation Anywhere in the future
With the acquisition of FortressIQ, Automation Anywhere increases its ability to offer Intelligent Automation solutions that enable enterprises to automate and manage business processes faster than ever before. Moving forward, Automation Anywhere plans to launch “intelligent automation cloud” that can scale intelligent automation capabilities across the enterprise.
Combining Automation Anywhere’s comprehensive automation platform and FortressIQ’s advanced robotics process automation (RPA) and process intelligence capabilities will provide an integrated approach for intelligent automated process discovery, modelling, optimization and control. This is expected to reduce friction in business processes, drive cost savings from fewer manual interventions and improved agility by providing customers with visibility into their entire operations eco-system – from back office operations through customer facing interactions.
Additionally, it allows users unprecedented insights on operations across verticals such as FinTech, Retail & CPG (Consumer Packaged Goods), Healthcare, Insurance and Telecom, enabling businesses to reengineer existing workflows for maximum efficiency. Additionally, Automation Anywhere plans to leverage the capabilities of Artificial Intelligence (AI) in its products to optimize its offerings further to make workplace automation smoother than ever before.
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