RPA is a growing industry and is expected to reach $3.11 billion by 2025. Blue Prism has been credited for coining the term "Robotic Process Automation." Robotic process automation (RPA) is the application of technology that provides organizations with a digital workforce that follows rule-based business processes and interacts with the organizations' systems in the same way that existing users currently do. Co-operative Financial Services began using Blue Prism software in 2005 to automate manual processes in customer services. In 2005, the second version of Automate was released with features for large scale processing. In 2003, Blue Prism's first commercial product, Automate, was launched. The company was co-founded by Alastair Bathgate and David Moss to provide a new approach that today is known as robotic process automation, or RPA. ![]() Initially their focus was on the back office where they recognised an enormous unfulfilled need for automation. Blue Prism was founded in 2001 by a group of process automation experts to develop technology that could be used to improve the efficiency and effectiveness of organisations.
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