I agree though, rpa is a big opportunity (which was the reason I...

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Just_a_guy

3,322 Posts.

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24/03/19

09:02

Post #: 37865021
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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.

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I agree though, rpa is a big opportunity (which was the reason I invested in the first place) and if they can get get growth back up towards 100%pa for a year or so I would certainly consider buying in again.

BID Price at posting: $1.02 Sentiment: None Disclosure: Not Held
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Add BID (ASX) to my watchlist

I agree though, rpa is a big opportunity (which was the reason I...

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