Contribution: Industrial Research Assistance Program – Contributions to Firms
StereoLOGIC Ltd.
$50,000.00
Feasibility study for inclusion of RPA in SterioLOGIC platform
FY 2019-20 · 2019-12-02
Summary
StereoLOGIC a leading Process Mining technology provider plans to evaluate the feasibility of extending its Process Discovery algorithms to be able to provide RPA capabilities.
In interviews with Gartner specialist managing RPA market research globally: Saikat Ray (EMEA), Arnold Gao (China), and Marc Kerremans (USA), it was found that while RPA market is valued in Billions and keeps on growing at 700% annually, there are inherent challenges in the technology:
- Not scalable
- Robots produce errors at a fast rate, that are very effort-consuming to correct
- RPA needs to merge with Process Mining to be scalable and effective
The proposed project will assess the feasibility of creating a product that will address all these challenges.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
855521092
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2020-04-30
Agreement Number
939230
Agreement Start Date
2019-12-02
Agreement Title
Feasibility study for inclusion of RPA in SterioLOGIC platform
Agreement Title (French)
Étude de faisabilité pour l'inclusion de la PRE dans la plateforme SterioLOGIC
Agreement Type
Contribution
Agreement Value
$50,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
StereoLOGIC a leading Process Mining technology provider plans to evaluate the feasibility of extending its Process Discovery algorithms to be able to provide RPA capabilities.
In interviews with Gartner specialist managing RPA market research globally: Saikat Ray (EMEA), Arnold Gao (China), and Marc Kerremans (USA), it was found that while RPA market is valued in Billions and keeps on growing at 700% annually, there are inherent challenges in the technology:
- Not scalable
- Robots produce errors at a fast rate, that are very effort-consuming to correct
- RPA needs to merge with Process Mining to be scalable and effective
The proposed project will assess the feasibility of creating a product that will address all these challenges.
Description (French)
StereoLOGIC, un fournisseur de premier plan en technologie minière, prévoit d'évaluer la faisabilité de l'extension de ses algorithmes de découverte de procédés pour pouvoir fournir des capacités en PRE. Dans des entretiens avec des spécialistes de Gartner qui gèrent les études de marché en PRE au niveau mondial, à savoir Saikat Ray (EMOA), Arnold Gao (Chine) et Marc Kerremans (É.-U.), on a constaté que bien que le marché de la PRE soit évalué en milliards et continue de croître de 700 % par an, des défis inhérents à la technologie sont bien présents : - elle est non évolutive - les robots produisent des erreurs à un rythme rapide, qui sont très difficiles à corriger - la PRE doit fusionner avec la technologie minière de procédés pour être évolutive et efficace. Le projet proposé évaluera la faisabilité de la création d'un produit qui répondra à tous ces défis.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Toronto Centre
Federal Riding (French)
Toronto-Centre
Federal Riding Number
35108
NAICS Code
511211
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
855521092
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
StereoLOGIC Ltd.
Recipient Postal Code
M5S 3A5
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2019-2020-Q3-939230
