The End Of White Collar Jobs? 9 Robotic Process Automation Companies Ripe For Acquisition
Robotic process automation (RPA) is playing a central role in streamlining workplace functions by automating manual, repetitive tasks such as data entry, document review, transaction processing, customer service, and more.
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The RPA industry is expected to reach $2.9B by 2021, according to CB Insights’ Market Sizing tool. This could mean further disruption for white-collar jobs, including those in business development, data analytics, and financial accounting. While many roles may benefit from RPA technology, others could be replaced entirely.
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CB Insights analyzes data on private companies in emerging industries to provide predictive intelligence on company health and strategy, investor performance and technology adoption trends. They aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace search engines, and corporate financial institutes, so they can answer massive strategic questions using probability not punditry. With backing from the National Science Foundation and venture capital investors, CB Insights mines terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, hiring activity and more.