Robotic process automation (RPA)
- Author Anand Joshi
- Published May 16, 2020
- Word count 625
Robotic Process Automation is the technology that allows anyone today to configure computer software, or a "robot" to emulate and integrate the actions of a human interacting within digital systems to execute a business process. RPA robots utilize the user interface to capture data and manipulate applications just like humans do. They interpret, trigger responses and communicate with other systems in order to perform on a vast variety of repetitive tasks. Only substantially better: an RPA software robot never sleeps and makes zero mistakes.
How RPA different from other enterprise automation tools?
In contrast to other, traditional IT solutions, RPA allows organizations to automate at a fraction of the cost and time previously encountered. RPA is also non-intrusive in nature and leverages the existing infrastructure without causing disruption to underlying systems, which would be difficult and costly to replace. With RPA, cost efficiency and compliance are no longer an operating cost but a byproduct of the automation.
· Fast benefit realization
· Minimal upfront investment
· No disruption to underlying systems
· Led by the business, with support from IT
· Highly scalable, adapts to changing business environment
How does RPA work?
RPA robots are capable of mimicking many–if not all–human user actions. They log into applications, move files and folders, copy and paste data, fill in forms, extract structured andsemi-structured data
from documents, scrape browsers, and more.
What are the business benefits of RPA?
Robots are here to stay. The faster you harvest their potential, the faster you create a competitive edge for your business. Robotic Process Automation delivers direct profitability while improving accuracy across organizations and industries. Enabling RPA to handle any processes will not only transform and streamline your organization’s workflow. It will allow for superior scalability and flexibility within the enterprise, doubled by fast, tailored response to specific needs. Software robots are easy to train and they integrate seamlessly into any system. Multiply them, and instantly deploy more as you go. They constantly report on their progress so you can go even bigger and better by using operational and business predictability, while improving strategically.
ü Better accuracy
Robotic Process Automation software robots are programmed to follow rules. They never get tired and never make mistakes. They are compliant and consistent.
ü Improved compliance
Once instructed, RPA robots execute reliably, reducing risk. Everything they do is monitored. You have the full control to operate in accordance with existing regulations and standards.
ü Fast cost savings
RPA can reduce processing costs by up to 80%. In less than 12 months, most enterprises already have a positive return on investment, and potential further accumulative cost reductions can reach 20% in time.
ü Super scalable
Across business units and geographies, RPA performs a massive amount of operations in parallel, from desktop to cloud environments. Additional robots can be deployed quickly with minimal costs, according to work flux and seasonality.
ü Increased speed and productivity
Employees are the first to appreciate the benefits of RPA as it removes non-value-add activities and relieves them from the rising pressure of work.
What are the pitfalls of RPA?
RPA isn’t for every enterprise. As with any automation technology, RPA has the potential to eliminate jobs, which presents senior management with challenges managing talent. While enterprises embracing RPA are attempting to transition many workers to new jobs, few research studies estimates that RPA software will threaten the livelihood of approximately 9-14 percent of the global workforce.
Future of RPA
Enterprise RPA is the disruptive force in digital transformation. It is the obvious next big step in markets around the globe as it is covering a widening range of enterprise processes and delivering more competitive advantages. Enterprise RPA delivers powerful outcomes at unlimited scale, helping companies become digital businesses faster and gain a valuable advantage on their path to AI.
I am technology enthusiast and believe in leveraging technology to create better world for tomorrow.Article source: http://articlebiz.com
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