STOCK TITAN

Alteryx and UiPath Expand Partnership, Broaden Analytics Automation with New Connector

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary

Alteryx (NYSE: AYX) and UiPath (NYSE: PATH) have expanded their strategic partnership with new integrations, enhancing analytics and robotic process automation (RPA). The partnership aims to unlock enterprise data value, accelerating digital transformation and improving business outcomes. A newly released connector allows users to seamlessly invoke UiPath bots within Alteryx workflows, optimizing data processes. The collaboration has previously enabled significant achievements, such as increasing unemployment benefits processing in Florida during the COVID-19 pandemic. Alteryx will showcase these advancements at the upcoming UiPath FORWARD IV conference.

Positive
  • Expansion of strategic partnership with UiPath enhances analytics and RPA integration.
  • Introduction of a new connector allows for seamless invocation of UiPath bots in Alteryx workflows.
  • Successful case study demonstrating increased efficiency in processing unemployment benefits in Florida.
Negative
  • None.

IRVINE, Calif. and NEW YORK, Sept. 28, 2021 /PRNewswire/ -- Alteryx, Inc. (NYSE: AYX), the Analytics Automation company, and UiPath (NYSE: PATH), a leading enterprise automation software company, today announced the expansion of their strategic partnership and new integrations with a connector as part of Alteryx's recent product release. Alteryx will also participate in an expert panel at the UiPath FORWARD IV conference, taking place October 5-6 in Las Vegas, where the company will be exhibiting its Analytic Process Automation (APA) Platform and bi-directional integration with UiPath.

Together, Alteryx APA + UiPath Robotic Process Automation (RPA) eases the process of digital transformation by unlocking the value from enterprise data. As organizations modernize their infrastructure, data can remain trapped in legacy systems and other sources that lack the necessary APIs for access.  Thanks to RPA, organizations with repetitive processes involving data residing in homegrown, older, or non-API systems can now achieve faster time to insights and reduce the risk of error.

"We are excited that our technology partnership with UiPath provides robust integration between analytics and RPA for more intelligent business processes," said Suresh Vittal, chief product officer of Alteryx. "The newly released connector accelerates value for mutual customers by making it easy to invoke UiPath bots from within an Alteryx workflow, enabling automated analysis and augmented robotic intelligence to drive smarter business outcomes using every byte of data in the organization—even the 'dark' data hiding in legacy systems."

With Alteryx and UiPath, organizations have achieved significant business outcomes, including the accelerated delivery of unemployment benefits to Florida residents early in the Covid-19 pandemic. During the UiPath FORWARD IV conference participants can hear how a team from the State of Florida was able to take a legacy system capable of processing just a few thousand applications to over 2 million applications using Alteryx to train UiPath bots that sorted and backdated millions of pages of paperwork. 

"The continued partnership with Alteryx, including the addition of the connector, emphasizes the strategic value the company brings to the UiPath technology partner ecosystem," said Ted Kummert, executive vice president of product and engineering at UiPath. "By giving users the ability to execute a UiPath process directly in an Alteryx workflow and connecting that process with Alteryx's data preparation and advanced analytics furthers the ability for UiPath to help data scientists and engineers gain access to all of the data they need, and in the shape that they need it."

More information about the Alteryx and the UiPath partnership can be found here: https://www.alteryx.com/partners/alteryx-alliance/uipath

For background on the State of Florida use case being presented at the UiPath FORWARD IV conference, please visit: Analytics Automation Accelerates the Delivery of Unemployment Benefits During COVID

About Alteryx
Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytic process automation (APA). Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information visit www.alteryx.com.

Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners.

About UiPath
UiPath has a vision to deliver the Fully Automated Enterprise, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enables every organization to rapidly scale digital business operations.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/alteryx-and-uipath-expand-partnership-broaden-analytics-automation-with-new-connector-301386500.html

SOURCE Alteryx, Inc.

FAQ

What is the significance of the Alteryx and UiPath partnership announced on September 28, 2021?

The partnership enhances the integration of analytics and robotic process automation, improving data accessibility and overall business efficiency.

What new feature was released as part of the Alteryx and UiPath collaboration?

A new connector was introduced, allowing users to invoke UiPath bots directly from Alteryx workflows.

How did Alteryx and UiPath contribute to the COVID-19 response in Florida?

They enabled the processing of over 2 million unemployment benefit applications using automation, significantly improving response times.

When is the UiPath FORWARD IV conference where Alteryx will participate?

The conference is scheduled for October 5-6, 2021, in Las Vegas.

What are the stock symbols for Alteryx and UiPath?

Alteryx is traded under the symbol AYX and UiPath under the symbol PATH.

Alteryx, Inc.

NYSE:AYX

AYX Rankings

AYX Latest News

AYX Stock Data

3.53B
63.65M
1.77%
98.05%
4.85%
Software - Application
Technology
Link
United States
Irvine