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Showing posts from September, 2020

PET Analogy of BOT

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Recently while going through some of the articles on investing and ownership of BOT, came through an interesting analysis of PET analogy of BOT done by Surdak. To reinforce his pet analogy, he selected several of the types of BOTs he has seen companies deploy in the real world and came up with the analogous. The following BOT categories are typical of those found in the Automation industry today: Turtle BOT’s or TOT’s: This is a BOT that allows an organization to claim that they are using BOT technology, but only just.  Nearly all Proofs of Concept (POCs) or Proofs of Value (POVs) are TOT’s.  They nearly always work because their functionality is so limited, your expectations of them are so small, and the situation in which they are used is almost never an adequate approximation of reality. Crab BOT’s or CROT’s: A CROT is a TOT that sits in its own little house and doesn’t do much.  Hence a CROT is a TOT that runs on a laptop.  A Proof of Concept is likely a CROT.  So too is a macro i

BOT....why should we care about it?

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Whenever someone start talking about robotics process automation. The first thing that comes to our mind is what is BOT? When you look back in the past 5 to 6 years, you will find that around late 2014 & early 2015 Robotic Process Automation (RPA), have roared onto the business world. Today almost every business / organization has deployed or somewhere in the middle of deploying it to drive efficiency and have better ROI from the business process. Robotics process automation and its older smarter cousin Artificial Intelligence has taken the world by storm, promising cheap, fast & good processes in place leading to quick / high ROI. But the question that came to our mind in beginning while the RPA conversation started remaining un-answered......what is BOT or what is RPA? The simplest explanation that comes to my mind is that BOT is a software that runs the software.  RPA is software that simulates the actions that humans make in operating other software. In this way they are