Can UiPath Turn Automation into Investor Profits?
Boring office work is a drag for employees, and it costs businesses billions of dollars in lost productivity each year. Automation software company UiPath (NYSE: PATH) replaces bored employees with tireless digital "robots." After becoming one of the largest software IPOs in US history, UiPath is not a cheap stock -- but here are three reasons to believe the hype.
Employees can represent up to 70% of most companies' expenses. Robots have helped companies build things cheaper and faster over the years, but the vast majority of office work is still done by hand.
Office employees do mundane jobs like filling out forms, password resets, bookkeeping, and applications day in and day out. Some studies estimate that repetitive work costs US businesses as much as $1.8 trillion per year.
Source Fool.com
