Grants and Contributions:

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Title:

Feasibility study for inclusion of RPA in SterioLOGIC platform

Agreement Number:

939230

Agreement Value:

$50,000.00

Agreement Date:

Dec 2, 2019 - Apr 30, 2020

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.

Organization:

National Research Council Canada

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

Location:

Toronto, Ontario, CA M5S 3A5

Reference Number:

172-2019-2020-Q3-939230

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

855521092

Recipient Type:

For-profit organization

Recipient's Legal Name:

StereoLOGIC Ltd.

Federal Riding Name:

Toronto Centre

Federal Riding Number:

35108

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211