Robotic Process Automation – Transforming Business For 2020
There is said to be a digital transformation that has been considered phenomenal because it integrates artificial intelligence (AI) and robotic process automation (RPA). Anything involving robotic processes can be classified as sci-fi or happens just in the movies. However, it seems that for 2020 and beyond, this could be turning to reality.
Robotic Process Automation or RPA has been in the hot seat in the IT industry because it has piqued the interest and curiosity of the business circle. The interest has been increased and is seen to grow in a rapid fashion for 2020 as more businesses are able to grasp and absorb the power of machine learning and automation which can be very beneficial to any brand.
The reality is that not every process fits the use of RPA. While just by the sound of RPA, you might think of “The Terminator” or “I, Robot” movies, there really isn’t any robot involved in the process.
What Is Robotic Process Automation?
If you are imagining robots running wild or taking over humanity, then pause for a bit because RPA is far from that. The “robot” refers mainly to the robotic processes or software that runs on either a virtual or physical machine. This automates business processes by defining a set of algorithms or instructions that a bot ought to perform.
These RPA bots are able to mimic interactions between a human and computer and carry out tasks at an accelerated speed and absolutely error-free. These bots are capable of performing redundant or repetitive tasks in the work setting such as transferring files or copy-pasting documents.
This allows increased efficiency and boosts overall work performance because RPA is able to automate these mundane tasks and complete them at a faster rate than humans.
This basically makes us of automation of high-volume computer-based processes or manual tasks and the capacity to replicate these steps. This is able to completely run without any human triggers or intervention.
The software enables bots to sync into a rule-based workflow or system with patented applications and workflow.
Intelligent Automation Is In Vogue Now!
Intelligent automation refers to the combination of machine learning and cognitive automation which is said to be more advanced with that of RPA that just completes repetitive and rules-based tasks.
In 2020, there would be a convergence of these two automated processes which is a merging of the task-based automation with AI-powered type. This becomes known as intelligent or cognitive automation which increased operational strategy and performance.
Intelligent automation that works digitally when paired with a human workforce is said to be a powerful combination that can pivot efficiency in operations.
RPA Will Be Widely Adopted
There are many industries that require repetitive tasks from their workforce which can be sped up by RPA integration. The RPA software market is said to grow incredibly in billion dollars this 2021 as adoption increases. Many industries are quickly catching up to this new trend. Who wouldn’t want to gain a quick ROI and speed up processes with zero error? This is what RPA can provide for your brand.
Not Every Industry Fits With RPA
There are different approaches and processes which would require varied automation technologies. Not every company would find RPA helpful Computer-based tasks or processes fits RPA but there are industries that may perform better with other automation technologies.
RPA is basically dependent on configurations set by the person taking charge of its automation mechanism. In effect, once there are misconfigurations set, the workflow would be affected or the entire chain of tasks.
So, RPA actually is under the umbrella of AI but isn’t a smart or intelligent automation technology because it’s not capable of making smart decisions based on big data. RPA is mainly capable of mimicking different human-machine interactions following a set of instructions but AI has a complete mind of its own which can make intelligent decisions without any preset configurations whatsoever.
The Growing Pains Of RPA
RPA is innovative and exciting of course, but it can be very challenging to deploy and maintain. This isn’t a bullet-proof solution to take industries into a more accurate and speedy automation process and reduce slack or sluggishness in the human workforce because everything is still based on human configurations.
However, RPA together with other more intelligent automation technologies can really transform procedures and operations in different industries. This is a tactical type of automation that doesn’t work for every industry. This is said to be just pure hype and may not really scale that much in the coming years but can become a forceful automation tool when combined with smart automation technologies.
Job Losses With RPA Is A Myth
Blame it on the movies but people have anticipated the onset of RPA or smart automation to be a future run by robots and rampant loss of jobs. However, there wouldn’t be any takeover of sorts by robots or other more intelligent software as RPA is completely configured by humans.
Although there would be fewer people to manage by the HR if this happens, RPA taking over the workforce isn’t going to happen. There would be a few decreases in terms of headcount but never a complete takeover.
RPA is said to empower many industries for 20202 because its implementation will drive change and automation in many organizations. The collaboration that will happen between RPA bots and human workers would transform the digital workspace especially with the intervention of smart automation technologies.
This is said to be the key driver for the growth of many businesses especially when integrated into industrial applications. It allows complicated and repetitive functions to work smoothly.
The mix of these technologies would definitely speed up productivity, efficiency, and ROI for many businesses. The call for automation has been very loud and clear and this is what RPA is all about. This is also an effective data security tool that can prevent any missteps in complex processes that could otherwise be prone to human error and judgment.