New Billionaire Daniel Dines Is Boss Of The Bots | Forbes
Daniel Dines is Romania's newest billionaire. UiPath, the company Dines cofounded, creates bots—blocks of code that automatically carry out repetitive tasks. You might associate bots with Russian election ruses or customer service stand-ins, but UiPath recently garnered a $7 billion valuation by selling a more humdrum kind that can pull numbers from invoiced PDFs into accounting software, or process insurance claims.
This shift has spawned an entirely new tech category, known as “robotic process automation,” or RPA. Japan’s Sumitomo Mitsui bank group, a UiPath customer since April 2017, projects that reducing employee busywork and improving accuracy will have saved it nearly $500 million by next year. Giants like Toyota and Walmart have flocked to UiPath for similar magic. Setting up virtual robots is faster and cheaper: UiPath bot does the task endlessly, without complaint, for up to $15,000 a year. Some companies use thousands at a time.
Read the full profile on Forbes: https://www.forbes.com/sites/alexkonrad/2019/09/11/from-communism-to-coding-how--daniel-dines-of-7-billion-uipath-became-the-first-bot-billionaire/#4247836e206e
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Видео New Billionaire Daniel Dines Is Boss Of The Bots | Forbes канала Forbes
This shift has spawned an entirely new tech category, known as “robotic process automation,” or RPA. Japan’s Sumitomo Mitsui bank group, a UiPath customer since April 2017, projects that reducing employee busywork and improving accuracy will have saved it nearly $500 million by next year. Giants like Toyota and Walmart have flocked to UiPath for similar magic. Setting up virtual robots is faster and cheaper: UiPath bot does the task endlessly, without complaint, for up to $15,000 a year. Some companies use thousands at a time.
Read the full profile on Forbes: https://www.forbes.com/sites/alexkonrad/2019/09/11/from-communism-to-coding-how--daniel-dines-of-7-billion-uipath-became-the-first-bot-billionaire/#4247836e206e
Forbes Portraits is a weekly series that profiles the billionaires, leaders and innovators using entrepreneurial capitalism to change the world.
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Видео New Billionaire Daniel Dines Is Boss Of The Bots | Forbes канала Forbes
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