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Appian launches AI tools in its low-code automation platform

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Appian launched advanced artificial intelligence-driven document processing and developer collaboration tools in the latest version of its Appian low-code automation platform.

The latest release, typically available in June, as software vendors and buyers are looking for low-code and no-code tools to expand the reach of land data workflows. Appian, which launched the new release at its Appian World conference, focuses on orchestrating tasks, systems, data, bots, and AI in a workflow.

Appian was initially a business process management company but has evolved to focus on low-code software development. It gained momentum during the COVID-19 epidemic as companies accelerated growth for digital transformation efforts.

CEO Matt Culkins said on the company’s first quarter earnings:

Less code is here to stay. Businesses are now expected to be able to implement change by their management, by their investors, by their customers. So, agility is a central reason for the continued use of less code. However, it is not the only cause. Mobility is now an essential part of every application, and it will drive more development on a low-code platform. In addition, technical debt increases in times of change, and this, too, will promote fewer codes.

Appian, which promises the client’s first project, can go live in 8 weeks with a flat service fee, has launched the following features on the platform.

  • Low-code data integration. The goal of Appian is to perform data integration, as happens less when building an app. Data can be sourced anywhere without migration with low-code data visualization, relationship modeling, and optimization without code or database programming.
  • Intelligent Document Processing (IDP) for processing unstructured data at scale. IDP features optical character recognition with pre-trained AI models.
  • Low-code robotics process automation for Appian bots as well as third party management and monitoring. Tasks can be automated with low-code RPA with new libraries available in Appian AppMarket.
  • Low-code apps with visual development tools. Developers can collaborate on apps with design guidance to improve productivity.
  • Low-code DevSecOps through simplified movement of software packages between development, testing, and production environments.

Here is a screenshot of the modified platform.

Appian

Appian reported first-quarter earnings on May 6 with revenue of $ 88.9 million, up 13% from a year earlier. The company lost $ 13.6 million, or 19 cents per share. The non-GAAP loss for the first quarter was 6 cents per share.

The company projected $ 203 revenue to grow from $ 353 million to $ 355 million, or 16% to 17%, and a non-GAAP loss of 68 cents to 65 cents per share.

appian-revenue.png

Source

MTI

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