WorkFusion is honored to be recognized in the Visionaries quadrant in Gartner’s first-ever “Magic Quadrant for Robotic Process Automation Software” report. We are also proud to share this analysis, which considers the global vendor landscape for RPA and business automation solutions. You can get a complimentary licensed copy of that report here, or read on for some key takeaways:
Gartner defines robotic process automation (RPA) as “a digital enablement technology that predominantly leverages a combination of user interface (UI) and surface-level features to create scripts that automate routine, predictable data transcription work.”
In this report, the authors also offer some context for the market. Per the Gartner report, “As a market, RPA is still relatively small, with a total revenue of slightly less than $850 million in 2018. However, RPA is the fastest-growing software subsegment officially tracked by Gartner, with year-over-year growth of more than 63% in 2018.”
At WorkFusion, our view, which is substantiated by numerous case studies, is that for enterprises to successfully automate a wider range of use cases, especially ones that entail unstructured and/or dynamic data, and deliver meaningful business results, there is a need for technology that combines RPA and AI.
We believe that is why this Gartner report named WorkFusion in the Visionary quadrant. According to the report authors:
Visionaries in a market are innovators that drive the market forward by responding to emerging, leading-edge customer demands and by offering new opportunities to excel. Typically, these vendors appeal to leading-edge customers and may even have minimal mainstream presence or name recognition. Their ability to deliver sustained and dependable execution in the mainstream enterprise market is not sufficiently tested. The vision of a vendor is not expressed solely in its technological innovation. The vendor must also show insightful understanding of market trends, as well as visionary marketing, sales, along with related product and business management strategies.
Gartner also says, “Vendors in Magic Quadrants are evaluated on two axes: Ability to Execute and Completeness of Vision.”
To that end WorkFusion is placed highest on the “Completeness of Vision” axis in the Visionary Quadrant — which we believe seems to confirm that our vision for work and business process automation is second to none.
Importantly, the report specifically applauds our central advantage, AI-driven RPA. (See the report for details)
Regarding the overall market, WorkFusion customers and partners know that RPA solutions are appealing to business users, with what Gartner describes as an “emphasis on resource reduction, easy efficiency and accessibility of the scripting environments.” Further, the analysts say, “Business executives are finding it increasingly difficult to understand why they need to wait for IT to integrate their existing technology solutions. The net result is a tremendous pent-up demand to democratize process automation and data integration.”
We are delighted our unique vision for automating work and business operations has been solidly validated by this industry analysis and energized by the prospect of making WorkFusion the de facto industry standard that defines the future of work, business operations and intelligent automation.
Gartner, Magic Quadrant for Robotic Process Automation Software, 8 July 2019, Derek Miers, Marc Kerremans, Saikat Ray, Cathy Tornbohm
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Also published on Medium.