Laiye blog

In the ever-evolving landscape of business, the fusion of Robotic Process Automation (RPA) and Artificial Intelligence (AI) is not just a trend; it's a revolution. This technological convergence is painting a future where efficiency and intelligence are not just desired, but the new standard. As we delve into the profound integration of RPA and AI, we'll explore its multifaceted impact.

Laiye has been recognized as a Major Contender for the third consecutive year in Everest Group Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024 with a strong improvement in the "Market Impact" dimension compared with last year.

Gartner recently published Gartner Peer Insights: "Voice of the Customer" for Robotic Process Automation report, where Laiye was recognized again and listed as "Strong Performer". Among the 9 RPA vendors included, Laiye has won a high "Willingness to Recommend" of 95%, ranking second in the world.

Dear valued customers, partners, and Laiyeans, As we usher in the first working Monday of the Year of the Dragon or 龙Loong, I would like to extend my heartfelt wishes to everyone: Happy Chinese New Year, and may you have a prosperous start to the year of the Dragon!

Following the debut of Laiye Hong Kong Week in early 2023, the start of 2024 witnessed a new-year version of HK Week. Executives of Laiye gathered in the Greater Bay Area (GBA) once again, and had in-depth exchanges with customers and partners in government and enterprise sectors. The hearty trip from January 16th to 20th, which is conducive to the digital transformation of GBA, unfolds a new map for the development of AI Agent in 2024.

At the early beginning of the new year, we are taking a moment to reflect on the journey we've had in 2023. It was a year of challenges, surprises and innovations. ChatGPT took the world by storm and has rejuvenated the automation and digital workforce market, which could lead to a remarkable increase, potentially by a factor of 10 or even 100 times its current state.

How Digital Workforce Solutions Empower Manufacturing Industries for Sustainable TransformationThe emergence of trends like Generative AI, Industry 4.0 and Internet of Things, combined with the demand for carbon emission reduction, has presented manufacturing companies worldwide with numerous opportunities and challenges. The 2023 Manufacturing Industry Outlook, published by Deloitte, says that leaders should leverage digital technologies, adopt strategies for the future of work, and drive supply chain resiliency. From Laiye perspective, digital workforce is a chance for breakthroughs.

The global Robotic Process Automation (RPA) market initially witnessed a rapid surge in growth, but it has since entered a phase of deceleration in recent years. According to Gartner’s recent Critical Capabilities for RPA report, the growth rate plummeted from 63% in 2020 to 22% in 2022. This decline signals that the RPA market has transitioned from its initial exuberance to the early stages of maturity.

Year 7 was nothing but a perfect storm. In the past 12 months, the world indeed entered the phase of efficiency, as we outlined in the blueprint during our category design for Work Execution System. There was no more free money, growth at all cost but stricter ROI analysis and profitable growth.