AuraQuantic has been included in the 2023 Gartner Market Guide for Business Process Automation Tools as a Representative Vendor in the Business Process Automation Tool Market.
Gartner defines business process automation (BPA) tools as “a software that automates business processes by enabling orchestration and choreography of diverse sets of actors (humans, systems and bots) involved in the execution of the process. BPA tools provide an environment for developing and running applications that incorporate process models enabling digitization of business operations.” Furthermore “these tools are critical for managing and building the operational resilience that is essential for rapidly changing business environments in the digital world”, the report explains.
On the other hand, “these tools enable the real-time monitoring, decision making and intelligence needed to build autonomic business operations and digital twins of organizations”. In particular, “in Gartner inquiries, banking, financial services and insurance (BFSI), government and manufacturing were among the sectors with maximum interest in the BPA market”.
On another note, the 2023 Gartner Market Guide for Business Process Automation details that “prevailing economic conditions have pushed cost optimization to the top of the agenda for C-suite executives. Forty-two percent of the respondents to the 2022 Gartner Next-Generation Cost Savings in General and Administrative Functions Survey indicated that cost optimization via improved resource automation is a top-three technique used successfully by IT leaders for 2023. BPA and optimization have become key in identifying inefficiencies and increasing productivity”. In addition, a focus on existing digital transformation efforts has led to increased investment in automation technologies, including BPA platforms as a key automation component. The global BPA software market, worth $2.6 billion in 2022, is projected to grow to $3.6 billion by 2027”.
In light of the growing demand, the Gartner Business Process Automation Tools Market Guide can serve as a reference resource for companies interested in implementing a BPA tool. Additionally, the report includes a section on some Vendors as Representative Vendors in the Business Process Automation Tools Market.
The inclusion of AuraQuantic in the Gartner Market Guide for BPA Tools is, according to Pablo Trilles, CEO of AuraQuantic, “a recognition that also highlights the essential role that process automation solutions play in the business ecosystem”. Additionally, Trilles reiterates “the company’s firm commitment to helping companies easily leverage AI solutions” and the substantial benefits that this can bring in terms of efficiency, process optimization, advanced analytics, customer experience, and fraud prevention.
Specifically, and according to Trilles, “AuraQuantic is recognized in the market of BPA tools for offering additional functionalities such as AI, integrations, coordination and management of complex business processes, together with its cloud computing service”. This plethora of characteristics makes it technology with high strategic value and accessible to all types of companies. The SaaS solution can be accessed as a service through the cloud, managed by a provider, or installed and executed locally (including the private cloud option).
Regarding AI, AuraQuantic provides multiple options including intelligent document processing, data extraction from multimedia resources, anomaly detection, the classification of unstructured data, and the conversion of human language into SQL queries.
Likewise, AuraQuantic provides other features, aimed at improving interoperability and collaboration between systems and process automation involving data transfer. Moreover, the coordination and management of business processes, known as “process orchestration”, stands out as one of its strengths.
Finally, in its portfolio of services, the solution includes a cloud computing model that provides infrastructure resources on demand, including storage, virtualization, servers, and networks. In addition, AuraQuantic Cloud is backed by Microsoft’s Azure private cloud.
*Gartner, Forecast: Enterprise Infrastructure Software, Worldwide, 2021-2027, 3Q23 Update, Arunasree Cheparthi, Lisa Unden-Farboud, Daniel O’Connell, 28 September 2023.
Gartner, Market Guide for Business Process Automation Tools, Tim Faith, Akash Jain, Paul Vincent, 23 October 2023.
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