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From simple mass processing to intelligent self-learning systems, the enterprise process journey continuously leads to future-proof revolutionary technologies.    

Software robots are taking over the monotonous and annoying steps in organizational workflows. These robot colleagues and assistants are the new norms, replacing the rigid, ruled-based systems using structured data to automate repetitive processes. You can find the most robust acceptance of this technology in software testing and quality assurance automation. 

RPA (Robotic Process Automation) is a software automation tool that provides a foundation for intelligent process automation. It mimics human activities and, over time, learns to perform them even better – augmented with decision-making capabilities.   

Robotic Process Automation

From RPA to AI-Assistants (Image Source)

RPA is bringing a significant transformation across industries globally. According to Gartner, Inc., the worldwide RPA software revenue is expected to reach nearly 2 billion dollars in 2021. 

Another research report by Global Market Insights, Inc. suggests that RPA market size will experience a dynamic growth; it will grow at a CAGR of 40% from 2020 to 2026 and is expected to cross $23bn by 2026. 

RPA software

Source: www.gminsights.com

RPA Applications: 

The graphical user interface (GUI) of robotic process automation differentiates it from conventional programming. RPA automation breaks down the tasks performed by humans and repeats them – making programming quick and easier for the automation of graphics-based processes. 

In many cases, RPA can add immediate value to your core business processes, including:

  • Automating Invoice processing
  • Automating Payroll processing
  • Generate and manage emails
  • Monitoring email accounts
  • Generating reports
  • Data extraction and migration
  • Employee management
  • CRM data updates
  • Recruitment and onboarding
  • Vendor onboarding

This versatile, scalable technology uses automated software robots like voice assistants, chatbots, etc., to perform a broader spectrum of tasks in either web/desktop or Citrix environments. Moreover, they can tirelessly work 24 hours a day, every day of the year. 

What processes can be optimized with RPA?

Robotic processes automation technology can be applied in a variety of industries. Throughout the enterprise, top processes to be optimized with this scalable technology include:  

  • High volume tasks
  • Prone to human error
  • Manual data entry
  • Consistent and routine
  • Restricted individual’s input to make a decision

Robotic process automation software solutions and tools excel in any type of repetitive, rule-based application in any industry. 

RPA market covers the following segments: 

RPA market

RPA industry coverage (image source)

Perks of automating your enterprise processes :

  • Accelerates business processes 
  • Enhances work efficiency 
  • Reduces operational risks 
  • Increase overall productivity 
  • Minimize operating costs 
  • Maintain profitability  
  • Improves customer experiences 

Perks of automating

Source: Laserfiche

What might RPA solutions look like in action? 

Consider an insurance company as an example where a human claims processor pulls data from tens of disparate systems to provide customers with “business as usual” service.

The robotic processing automation helps interpret text-heavy communications, eliminates manual clicks, and assists in making rule-based decisions. In addition, it provides customer suggestions through cognitive agents and ensures smart workflows through real-time tracking of handoffs between people and systems.

Wrap Up: 

It is crystal clear from the statistics shared in this article that the future of automation and robotic processing technology is bright. The growing adoption of RPA applications is expected to drive automation market growth. Several leading-edge enterprises have significantly progressed in this technology to enhance their workflow capabilities and reduce operational costs for increased performance and efficiency. 

Manual, expensive, and error-prone processes automated through RPA bring enterprises enormous productivity gains.  If you want an RPA application to eliminate manual interference in your business processes, contact our team of dedicated developers. 

ArhamSoft (Pvt) Ltd. delivers successful RPA transformations at scale through custom software solutions.