BID is more of a niche than a RPA play. All they really do is...

First 12 Last

Share
Profile

Follow
Mpacman

272 Posts.

9

26/03/19

19:30

Post #: 37891782
Share

Originally posted by funkman: ↑

Firstly, I believe RPA will be the next big thing. After IOT and M2M, RPA will be massive and transformational. Automation and artificial intelligence is forecast to add up to $4 trillion to Australia’s economy over the next 15 years.

It is no secret that BIDs' technology is based in the wonder of Robotic Process Automation.

And now we find out UiPath which builds software robots is in talks with investors about a major new funding round that could double the valuation to as much as $7 billion. UiPath was valued at about $110 million in April 2017. By last September, it was valued at $3 billion.
https://www.*.com/sources-uipath-raising-series-d-at-possible-7-billion-valuation-2019-3/?r=AU&IR=T

The coincidence? BID is currently valued at $110 million.

We are seeing the birth of another Atlassian here.

See
https://www.mckinsey.com/featured-insights/future-of-work/australias-automation-opportunity-reigniting-productivity-and-inclusive-income-growth
Automation and AI will be disruptive, just as other technology adoptions have been disruptive in the past. While some jobs will be lost and others created, all jobs will change. As automation technologies integrate into the workforce, the mix of skills required in all jobs will shift.

Read this: Australia's Automation Opportunity

The latest Top 20 shows there has been no selling by our CTO - and he knows!
In fact the top 20 have accumulated more - now 57% of diluted registry - this has increased 12%

The top 20 have been buying more and are net buyers.

Expand

BID is more of a niche than a RPA play. All they really do is automate bill validation and payment which I wouldn't really consider as RPA. Automation is becoming the norm for Software providers. The only listed pure play RPA is Blue Prism.

BID Price at posting: 94.0¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

There are more pages in this discussion • 12 more messages in this thread...

First 12 Last

Add BID (ASX) to my watchlist

BID is more of a niche than a RPA play. All they really do is...

Top Stories

HotCopper Highlights: Your most watched stocks for Week 46, 2024

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Banshee's historic trenches prove rich in antimony and gold for GDM

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado