A silent revolution of Robotic Process Automation

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Companies has always been about solving problems by doing work. The best businesses solve problems for their customers better than the competition. The tools with which we’ve solved problems have changed over the years. Assembly lines and heavy machines were the tools in the industrial age. In the postindustrial era we started to rely more on computers and our brains as the tools for solving these basic business problems. But right now, we are during a transition to tools of Robotic Process Automation (RPA). RPA tools are more intelligent than the traditional brute force tools of the past with robots, artificial intelligence and cognitive computers. The technology combines Artificial Intelligence and Machine Learning capabilities to replicate the actions of a human being with the use of a software robot.

A simple definition of RPA is, automation of business processes across the enterprise using software robots. Any repetitive task which requires some decision making is an ideal candidate for RPA. This is well suited for processes that are clearly defined, repeatable and rules-based. organization that utilizations workforce on a vast scale for general learning process work, where individuals are performing high-volume, high transactional process functions, will boost their abilities and save money and time with RPA software. By including the cognitive computing power of Natural language processing, speech recognition, and machine learning, businesses can accomplish high-end tasks which require human interventions.

RPA is quite simply changing the way the world does work. According to the International Federation of Robotics (IFR), the global sale of industrial robots grew by 8 percent in 2015. This translates to an addition of 240,000 robots globally. The IFR also estimates that by 2018, there will be 2.3 million operational robots in industrial use worldwide.

According to research, up to 40-45% of the present paid activities could be automated using technology we already have. By 2020, the market for RPA services will reach approximately $6 billion and 100 million knowledge workers will be impacted by 2025. That’s just the beginning. RPA will speed up back-office tasks in finance, accounting, procurement & supply chain management It also will affect positively the processes in purchase order issuing, customer service and human resources, including data entry and creation of online access credentials.

As RPA brings more technologically-advanced solutions to the organizations around the globe, they also have brought many benefits as mentioned below.
  • Increased Speed: routine tasks are carried out swiftly by RPA without any intervention, thereby faster time to resolution
  • Reduced labor costs due to software robots than humans
  • Enhanced employee experience: since repetitive tasks as taken care by RPA, employees can spend quality time for strategic work and enjoy their work life
  • Higher quality: better consistency & accuracy due to minimized variations and better customer service
  • Enhanced insights: by automating the data collected and applying Big Data analytics for improved efficiency
  • Scalability: robotic workforce can be scaled to any level required

A silent revolution in the form of Robotic Process Automation is under its way of potentially impacting the IT workforce reminiscent. Be ready for RPA storm which will come soon with the addition of artificial intelligence & Machine Learning capabilities.

For more details please visit the website: https://machinelearning.conferenceseries.com/
Contact Person: Amelia Smith

Email Id: machinelearning@enggconferences.com

Comments

  1. Unknown9 October 2018 at 03:17

    It's really a nice experience to read your post. Thank you for sharing this useful information. If you are looking for more about rpa training institute in chennai

    ReplyDelete
  2. Anonymous10 November 2020 at 00:27

    RPA technology has a trend setter for the businesses, RPA process can minimize the need for humans in rules-based tasks and achieve high levels of ROI. Thanks for sharing such a great blog.

    Looking for RPA Solutions provider? Reach Way2Smile Solutions DMCC - Leading Digital Transformation Company in Dubai

    ReplyDelete

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