To help accelerate automation, Mimica supports RPA teams which build software bots to complete repetitive tasks such as data entry, form completion, and claim and ticket processing. The company's software speeds up the process by automatically discovering opportunities for automation, and generating process maps for bots which can accelerate development.
Mimica's AI learns to perform tasks through observation, by recording users' clicks and keystrokes as they perform tasks, and automatically generating process maps and “blueprints” from them. The company faces a number of competitors such as FortressIQ, Skan, and UiPath, so will have to continue to improve in order to outpace these rivals.
That said, with Mimica operating in a market set to be worth over $100 billion by 2027, the opportunity for its products is vast and worth pursuing. The company has raised good funding to invest in building out both its team and offering, and already works with the likes of Dell, AT&T, Hexaware, Experis and Ironbridge.
Freddie
Company Specialist at Welcome to the Jungle