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10 Robotic Process Automation (RPA) predictions for 2018

Date : Feb 7, 2018 7:38:42 AM

10  predications for the RPA market in 2018


2017 was a momentous year for us at Mindfields, largely because our specialist field of artificial intelligence and robotic process automation (RPA) has caught on in spectacular fashion.

Whether you’d describe us as leading the charge or riding the crest of a wave, we have certainly seen and learned a lot and grown considerably.

It was great for us to be ranked by Deloitte as one of the top 20 fastest growing businesses in Australia and to make its top 100 in its Fast 500 Tech ranking across the APAC region– where we were in some pretty impressive company.

We also rated a mention in US research giant Gartner’s global market guide to leading specialist automation services companies and were proud to have been the only Australian owned firm in this category.

What is undeniable is that RPA has created more hype and fear in the last 2 years than actual concrete outcomes for many firms. However, it is our firm belief that 2018 will see many tangible and beneficial outcomes, with hype cooling off as real life proven benefits emerge.

Here, in no particular order, are our predications for 2018:

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Mindfields Ranked Number 94 Fastest Growing Technology Company on the Deloitte Technology Fast 500™ Asia Pacific 2017

Date : Dec 13, 2017 4:34:32 PM

Mindfields attributes its 519% Percent Revenue Growth to the hard work of their rapidly expanding team and their clients for putting their trust in Mindfields’ capabilities.

Sydney, Australia, 13/12/17 - Mindfields today announced that it ranked Number 94 on the Deloitte Technology Fast 500™ Asia Pacific 2017, a ranking of the 500 fastest growing technology companies in Asia Pacific. Rankings are based on percentage revenue growth over three years. Mindfields grew 519% percent during this period. Mindfields’s MD, Mohit Sharma, credits his team’s ability to think innovatively to disrupt traditional consulting services with the company’s 519% revenue growth over the past three years. He said, “our constant self-disruption with value for money propelled our growth and it is just a start”.

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Disrupting ourselves with MindPrice to show professional services firms their place in the automation era

Date : Dec 12, 2017 3:06:29 PM
It is a fascinating time to be working in an industry that is right on the front line of technology-led disruption.

As someone who operated as an advisor on outsourcing and business strategy through the recent decades, and evolved my company to embrace the huge opportunities offered by automation, I get that this represents a big change and potential threat.

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Press Release: New app automates outsourcing consulting … for free.

Date : Dec 6, 2017 2:06:09 PM

SYDNEY, NSW: Automation and artificial intelligence specialists Mindfields has launched a revolutionary app, which will change the way businesses assess potential outsourcing or automation initiatives, removing consultants’ fees altogether from the equation.

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Future Trends in RPA

Date : Nov 28, 2017 7:45:00 AM

Future Trends: A shift in how buyers and service providers do business

[EXTRACT] New levels of process and delivery optimisation are expected for service providers across the value chain. Not only is RPA recognised as a disruptive technology, it has provided the tools to enable service providers to move away from low-skilled, repetitive rule based FTE based contracts to higher value engagements, which also help build deeper and more strategic relationships with their clients.

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Strategies for Buy Side Organisations

Date : Nov 23, 2017 11:45:00 AM

Buyers – drivers, benefits, hiring impacts, RPA-readiness, target operating model and roadmap

[EXTRACT] Enterprise buyers are increasingly becoming aware of RPA as a disruptive technology that is driving exponential improvements in productivity, operational efficiency as well as cost rationalisation, which all lead to a significant impact on the service provider’s bottom line.

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Target Operating Model for RPA

Date : Nov 21, 2017 7:45:00 AM

The key objective of establishing a well-defined Target Operating Model (TOM) is to create an opportunity for client organisations to maximise business value by harnessing the virtual workforce and other organisational resources to best effect, whilst maintaining control over future costs and with stronger risk mitigation strategies.

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RPA Service Providers Landscape

Date : Nov 16, 2017 11:45:00 AM

Service providers – drivers, hiring impacts, benefits and RPA maturity

[EXTRACT] Outsourcing service providers are interested in replicating the concept of RPA on multiple project engagements across verticals. The scale and frequency is gradually increasing which has clearly made the early adopters of RPA more confident in spreading their army of robot applications across other functions and processes.

This is directly driving their non-linear revenue growth opportunities. To substantiate this, around 43% of the service providers who participated in our study have witnessed FTE reductions of over 20% as a result of RPA.

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In the Media - "5 ways accountants have mastered AI"

Date : Nov 15, 2017 2:24:47 PM

Leading business strategy publication "In the Black" featured Mindfields MD, Mohit Sharma, as a thought leader within the AI space. Penned by Cameron Cooper, the article proposes that we consider AI as new tool for workplace enhancement and potential job-creator, not a job-killer as previously feared. 

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The impact of RPA on our labour markets

Date : Nov 14, 2017 7:30:00 AM

The expected cost savings of RPA are dramatic and will be hard to ignore, but RPA will have a significant impact on labour markets, leading to a change in hiring strategy and the mix of staffing required. In the short term RPA will enable job transformation – not job replacement.

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