Decoder with Nilay Patel

UiPath CEO Daniel Dines thinks automation can fight the great resignation

47 snips
May 10, 2022
Daniel Dines, Founder and CEO of UiPath, shares insights on fighting the great resignation through automation. He discusses how robotic process automation (RPA) can enhance productivity while alleviating job displacement fears. Dines elaborates on unique software interfaces for robots and humans and the challenges posed by outdated systems. He also touches on UiPath's global expansion and competition with tech giants like Microsoft and Salesforce, all while emphasizing the importance of data security in automation.
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INSIGHT

Human Emulation

  • UiPath emulates human users to automate business processes, similar to a self-driving car.
  • This approach reuses existing workflows, making it faster, cheaper, and more scalable.
ANECDOTE

BPO Adoption

  • UiPath saw early adoption in the business process outsourcing (BPO) industry, driven by cost pressures.
  • Clients realized the high ROI and adopted the technology to regain leverage over outsourcers.
ANECDOTE

Enterprise Automation Journey

  • UiPath typically lands in a department like finance, builds a center of excellence, and measures ROI based on manual hours returned.
  • Controllers and CFOs, seeing the high ROI, often reinvest, leading to further expansion.
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