How to make up your mind on Blue Prism

Blue Prism's line of work - outsourcing menial tasks from human workers to smart, automated software - plays well into the so-called 'megatrends' of artificial intelligence and robotics, and the stock has amassed a fervent following among institutional and private investors alike. In...

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Bibliographic Details
Published in:Investors Chronicle 2021-06, p.38
Main Author: Almeida, Lauren
Format: Article
Language:English
Subjects:
Automation
Cost control
Investments
Product development
R&D
Research & development
Research & development expenditures
Robotics
Software industry
Online Access:Get full text
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Summary:Blue Prism's line of work - outsourcing menial tasks from human workers to smart, automated software - plays well into the so-called 'megatrends' of artificial intelligence and robotics, and the stock has amassed a fervent following among institutional and private investors alike. In 2019 for example, the company spent more than double on travel and entertainment than it did on pure R&D. Management has since admitted that it needs to direct more of its resources to the development of its software, and this week made much noise about investing in 'product drive'. The company said that it had already started some legal and financial preparatory work, but was now "reviewing the timing" given the "context of the current market conditions and the group's own market development".
ISSN:0261-3115