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woodtiger "Always amused by IreneKrapp who can't see the wood for the trees."
Woody , you posted that at 2560. Just wondering if you are still amused now.
You know you get those annoying flys that just won’t go away......
Ok one more answer only.....
Here's an starter list off the top of my head, but anonymised to keep individual company names out of this.
4 xxxx - our core Life/GI insurance platforms (some of them mainframe, all of the legacy)
yyyy - our core workforce management platform
10 ZZZZs - third party unit trust and management platforms
AAAA - our payment platform
zzzz- our actuarial calculation engines
etc etc etc (we are not a big organisation and have over 100 legacy systems). I know larger insurers with 500-1000 systems
As I said these are the systems our business people operate on and we have 1000s of people using the. Our situation is replicated across FS.
Finally - to be clear - I did not say BP is the only tool that can operated these systems.I know UiPath and AA can as well, but we are not going to work with multiple RPA tools, that only complicates things. MS Workflow, by their own admission, can only connect to limited apps (approx 100 modern ones). You finally mentioned Biztalk which is a server layer working with APIs. This too could work- if we were prepared to spend 10s or 100s of millions on enabling APIs across all our systems- for which there is no relative business case vs RPA. So our practical tool, for our needs, is RPA.
What will the next exciting step for us is the integration with the growing AI capability...
Finally I had to laugh when you you said "BP is not doing anything new" - well actually that is EXACTLY what they did. If you knew the industry - you would know they were first to market with a tool that does enables easy robotic automation across all systems in just the same way as a human worker, but with the controls around it needed for security.
Hey - ho. I must go back to my day job. bye..
Justcrusin....appreciate you taking the time to share your knowledge, Irene will want the last word no doubt, but I think you’ve said it just right! Valued post!
JustCrusin, can you be specific , which systems can you connect to with BP that you can't connect to with MS technology.
btw Microsoft Biztalk has orchestration, access and auditing, and scales to 1000s.
What product to use obviously depends on the complexity of your business process, Biztalk or MS WWF. But lets be clear about one thing , can we, Business process software ain't new. BP isn't doing anything new.
So now please be specific about what your process is. I am very interested in what you think BP software can do that no other software can.
Well - about 90% of the core administration and financial applications in our IT estate for a starter. BP is designed to work with any system that a worker can log into.MS Workflow is really for small scale single user (modern) applications. The real scale opportunities are in older systems where we and the wider industry has 10s of 1000s of people (many now in India) cutting and pasting between these systems that don't natively talk to each other and cost a fortune to update. These RPA tools need orchestration, access (security) management, audit tracking and more. You clearly don't work in operations, as you would already understand this, so I suggest it's not worth speculating on what systems do and don't meet the needs of the businesses using RPA.
JustCrusin, can you be more specific. What could you not "connect" to with MS technology that you could connect to with BP ?
Excellent post Justcruisin thank you, as an amateur investor it’s comforting to see that this stock isn’t all hype and is backed up by a solid product with huge potential. The endless articles I’ve read on Blue Prism have shown RPA to be an essential tool for the countless businesses out there looking to reduce costs and drive efficiencies in their operations.
You have given us your views as a "software engineer".
Let me give you my view as a head of operations for a major Financial Services outsourcer (and ex programmer). There is no way I could get an significant headcount benefits from the Microsoft Product. It only has a limited set of standard applications it connected to and has limited access and audit controls. Running ANY organisation with Customer Data and especially in Financial Services at scale needs these capabilities. In one banking team we have already implemented 100 BP robots to work on our core banking applications (MS can not do this) and this is working very successfully. We are now rolling out across the business.
Do not get confused around visual capabilities vs real ability to automate across legacy systems.
I as a real early user I can only see BP use continuing to grow exponentially.
slave, don't tell me, you think I'm after a cheaper entry point, blah blah, same old, same old from cheer leaders who can't debate. lol
Happy to be proven wrong, won't have to wait so long as Xmas, the next move will probably be around November with a post results statement. Unless Dan McCrum writes another article of course, is he a deramper too wanting a cheap entry
Don’t waste your breath Malcom. I’ve seen some very obvious derampers over the years. Irene is up there with the best of them, BP has from the start proven everybody wrong. If I had a pound for every time someone said Prisms Market cap was over baked, that it would soon come back down to earth. Well I wouldn’t need to be investing. And much like ALL the others, Irene will also be proven wrong. Let’s see where this is at Christmas, £28 -£32 I expect
AWS is a software business, as are a whole host of others. Anyway, will see how it goes.
malc, with all respect, comparing BP to amazon is not a good comparison. It really would be better to compare it to other software companies and try to understand the challenges in this sector. BP has managed to get customers , I agree with this, and that they will be "sticky". this is a real advantage. However imho, and again i say this as an experienced sw engineer, the product aint that good.
So indeed, yes we disagree, and what's more the sp could even go up more. That is investing. 2x insanity is just insanity. But over the longer term 1 to 2 years I am pretty sure this will be well below 1 billion MC, and could be much lower IMHO.
Irene, Apologies if I offended (was just joking). Comparison to Amazon was to point out that initially some enterprises post a loss until established. Don't think they're just a bookseller anymore -
"Brian Olsavsky, the company’s chief financial officer, attributed the quarter’s success to accelerating growth in Amazon’s “most profitable areas”, particularly the cloud-computing division, Amazon Web Services (AWS)."
"The company drew $1.64bn in operating income off $6.1bn in AWS revenues, compared to $1.83bn in operating income off $32.1bn in North American net sales."
But that's an aside, will have to agree to disagree regarding BP (market cap over £1Billion (and the value of something is what someone is willing to pay)) - There's risk in this for sure, but we'll see how it goes in the long run.
malcolm, ok i think it is actually u who are repeating yourself. And also , it is informative that rather than debate you are choosing to insult.
But anywaz, why compare it to Amazon, which is a book seller. Why not compare it to Netscape, a software company, which had a huge product lead and then went bust.
Are you a Chartered Engineer?
How many years experience do you have?
Which University did you attend?
Amazon was loss making for a while - hit 1 Trillion USD recently I think (not that I'm saying BP will go that big). I look forward to "KrappSoft" when you enter the market with your product. Might have a fair wait.
slave, If i was asked to automate business processes in the space that BP works, I would use "MS windows workflow" which is free as a starting point. So there is no need for me to go out and create a product to compete. There is already competition, and in the case of MS WF it is more functional too.
( But CIOs and project managers probably won't even know that is possible to use. )
Like a record on repeat. You’ll be talking about macros again in a minute. As it was mentioned previously but left unanswered by yourself... why if so easy to replicate have you not done it yourself?
Slave, "And not one of them was smart enough to know "
Slave, you would be surprised how little software CIOs, and project managers and budget holders know about Software. But don't take my word for it. Listen to the IBM guy in the link. He lets the cat out the bag in a number of places. Here he is talking about how the reality of BP doesn't meet the expectations.
@6.33 IBM Guy
"Q: What productivity gains are you seeing with the Digital Workforce
IBM Guy The business case is the big question, there was a lot of early work and people disappointed with their business cases...if you are just using RPA, you have just got to focus on processes which are highly structured"
As a software engineer let me translate that for u. The BP software has to be programmed in the minutest detail to do anything useful and it can't do have of what people are expecting it to do. Because they think it is a Robot, when in actual fact it is just software which executes task 1, then task 2, then task 3.
All the thousands of people who have invested millions into this company. And not one of them was smart enough to know they have a product that can be found for free and knocked up in 30 minutes. Thank goodness your here to make us aware irene (eye roll)
With sales of 56 million and loss making, it's market cap should be well under 1 billion
IreneKrapp, It's market cap is still over £1 Billion - perhaps they should just pack in an use the bundled MS product? Yes, there's competitors (perhaps that shows there's a market?) - check the partner list - https://www.blueprism.com/partners - perhaps they're just wasting their time...
malcolm, more to the point, there are already competitors. Microsoft Windows Workflow would be one. It schedules tasks in much the same way, can open spreasheets, call webservices and wait for it, its free.
IreneKrapp, just think you could be sitting on a goldmine. What's BPs market cap at the minute?