Study Finds Nearly 50% of Businesses Around the World Will Increase Robotic Process Automation Adoption due to COVID-19
UiPath Press Release
July 28, 2020
UiPath-commissioned survey evaluates the influence of COVID-19 on automation adoption and the future of work
NEW YORK, July 28, 2020 – The leading Robotic Process Automation (RPA) company, UiPath, today unveiled the results of a commissioned study conducted by Forrester Consulting on behalf of UiPath: The Future of Work: A Pandemic Spotlight. The study revealed that companies are increasingly using RPA and other intelligent automation technologies to address new business and market pressures stemming from the pandemic, but still believe a people-centric approach is critical to success in the future of work.
Throughout May 2020 (at the height of the crisis), Forrester conducted an online survey of 160 process automation decision-makers from operations groups, shared services, finance, and other lines of business in organizations spanning France, Germany, Japan, the U.K., and the U.S. The results of the survey showed that the pandemic has:
Expedited digital transformation and created a surge in automation investment.
The world has seen more digital transformation in the past few months than in the preceding five years.
Intelligent automation technologies, including RPA, are supporting and accelerating this surge.
With 48% of survey respondents planning to increase RPA spend over the next year, companies are using RPA to:
Increase agility, diversity, and resilience in their supply chain operations (83%);
Address extraordinary cost pressures by automating back-office and operational tasks (80%); and,
Support remote workforce (75%).
Elevated the need for a people-centric workforce. Automation is required to tackle post-pandemic economic challenges but requires an employee-sensitive approach. Fifty-seven percent of respondents say their employees are moderately or very anxious regarding their ability to succeed in their jobs due to automation and pandemic-related stress.
As a result, it is crucial for businesses to provide automation reskilling and upskilling opportunities so employees have the skills needed to thrive in the future of work and maximize the potential of automation investments. Sixty percent of decision makers agreed that providing workplace certifications for transferable digital and machine skills helps their employees cope with the potential effects of automation and prepares them for the future of work. Organizations must develop a post-pandemic employee experience by offering education opportunities and tracking employee health.
The pandemic has turned the world upside down, and the shock has greatly accelerated businesses’ march toward the future of work. Automation has emerged as an invaluable asset for organizations to embrace this changing way of work. The time to automate is now. Now more than ever, digital skillsets are necessary. To enhance retention and produce productivity, it’s employers’ responsibilities to offer digital training –specifically automation training – as part of career development initiatives.
Tom Clancy, SVP UiPath Learning
For more information, download the study here: https://www.uipath.com/company/rpa-analyst-reports/pandemic-impacting-future-of-work-forrester-report.
UiPath (NYSE: PATH) is on a mission to uplevel knowledge work so more people can work more creatively, collaboratively, and strategically. The AI-powered UiPath Business Automation Platform combines the leading robotic process automation (RPA) solution with a full suite of capabilities to understand, automate, and operate end-to-end processes, offering unprecedented time-to-value. For organizations that need to evolve to survive and thrive through increasingly changing times, UiPath is The Foundation of Innovation™.
Toni Iafrate • VP & Chief Communications Officer, UiPath
Pete Daly • Public Relations Senior Manager, UiPath
Kelsey Turcotte • SVP Investor Relations, UiPath
May 30, 2023
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