What are the reasons for choosing to automate your project and why did you choose HP UFT/QTP?

This is a frequently asked question to Test Automation Engineer. I tried to jot down my thoughts on it.  I would like to answer this query in two part -

1. Reasons for choosing to automate your project :
First part of this query is here, reason behind automation is plain & simple -

• Automation saves lots of time while retesting and regression testing.
• Automation saves manual resource and money.
• It increases test coverage and Accuracy.
• Run tests faster than human users.
• Tests can be re-used on different versions of the software at any time.
• Less human resources are involved in automation
• Automate repetitive work & save QA Engineer time for business elusive bugs
• Ultimately save money
• write once run anywhere,anytime
• Saves time and money.
• we can schedule the scripts and set computer to run it automatically.
• Its cool and more interesting than manual testing, even it help developers.

2. Reasons for choosing HP UFT/QTP :

• UFT/QTP support both Web application and window application.
• It generates the code automatically, you do not have to waste your time writing code and debugging the code like in selenium.
• Object repository is one of the major features of QTP. Object repository stores the properties of various object or element.
• QTP supports almost all popular automation frameworks like Linear, Keyword, Data Driven, Hybrid etc. for automation purpose.

The only disadvantage of HP UFT/QTP is that it is not open source. In order to use it, you need to buy license.