India is in prime position to become a Robotic Process Automation (RPA) powerhouse because of its growing talent pool and cost advantage. It is estimated that around 2 lakh RPA-led jobs will be created in the country by 2021.
RPA has been gaining traction as a way of automating repetitive, tedious tasks to handle higher-value analysis and decision-making.
“India is reaping the benefits of a new genre of jobs created from RPA. The Indian mind is apt for this technology; Indians have the right ability for workarounds and out-of-the-box thinking that works well for RPA. So we see a great pool of RPA talent emerging from the country,” said Daniel Dines, CEO and Co-Founder of UiPath, the leading enterprise Robotic Process Automation (RPA) software company. He was speaking at the #UiPathForward, the RPA India summit hosted by UiPath on Wednesday in Bengaluru.
The event saw participation from more than 650 business leaders, experts and executives and also discussed concepts and presented work done by major UiPath customers and partners such as HCL, KPMG, IBM, Robert Bosch Engineering and many more.
“RPA will help build India’s middle class,” continued Daniel Dines. “Currently only 1% of the Indian population earns above $20,000 a year. RPA is right now creating jobs that will push a higher percentage of the population into this segment,” said Daniel.
Also present at the summit, Sarah Burnett – Vice President of global research company Everest Group, said that automation is the way to go. “It will create incredible opportunities in the IT sector. In a recent study by Everest Group, 80% of companies that we surveyed rated RPA to meet expectations and even exceed them. RPA addresses many areas including regulatory compliance, process automation and more. Also it is secure and most importantly, it is scalable.”
UiPath officials estimate that around 2 lakh RPA-led jobs will be created in India in the next three years. “RPA provides new pathways for job opportunities. These could range from process engineers and robot managers to implementation and infrastructure staff and complex management positions. The scope is limitless,” said Manish Bharti, Country Sales Leader – UiPath India.
UiPath India’s Chief Customer Success Officer Raghu Subramanian said that the company will be a part of this job-creation journey not only by providing best-in-class technical support, but also by way of knowledge sharing through the UiPath Academy. Two self-led MOOCs are being delivered free of charge though the academy, allowing people to train as RPA Developers at beginner and advanced levels.
“It is important for all IT companies to evolve as the market changes”, pointed out Amitava Sharma, Vice President, Global Automation – Cloud Application Innovation, IBM. “RPA is a game-changing technology that facilitates this change. However, RPA product companies need to integrate cognitive solutions to harness the true power of the technology,” he said.