3 Reasons RPA Technology is more Relevant than Ever
What is the Scope of Automating Processes with RPA Technology?
“Robotics and other combinations will make the world pretty fantastic compared with today.” – Bill Gates
Efficiency lies at the core of every organisation’s success. To augment this operational efficiency and overall productivity, RPA technology stepped in and its impact is huge. According to Adobe’s 2018 Digital Intelligence Briefing, 31% of businesses plan to incorporate support from AI & automation in their system over the next 12 months. Industrial robots, with their process optimisation capabilities, are continuously gaining demand with 387,000 units sold in the last year alone and the numbers are rising drastically ever since.
Scope of RPA Technology
The potential of robotic process automation can be estimated from a report by IDC’s Worldwide Healthcare IT 2017 Predictions, which states that the use of robotics in medical & health care services will increase to 50% by 2019. This portrays the tremendous effect that automation will have on industries apart from manufacturing, development & operations.
From automobile & electronics to financial & banking, every industry is deploying specialised robots that have resulted in reduced costs and eliminating time-consuming processes. In a subtle way, it has allowed human resources to focus on more creative & productive tasks than menial ones like data entry.
Why is RPA technology gaining relevance with each day?
Humans are simultaneously the most & the least reliable sources. We can be relied upon for creative ideas but can fault on providing relevant insights. As the RPA market has started to surface globally, organisations understand the need to utilise better & intelligent machines that can automate processes and deliver high-volume output without margining for the faults occurring due to human error.
- Abound with opportunities: Even with little automation, local industries are now equipped with the capabilities to compete with global companies. This has opened the doors to opportunities for workers to provide their skills & RPA services in the global market as well as providing a rapid scope of expansion & growth for the organisation.
- Time & Cost Saving: RPA has allowed industries to carry out repetitive work in less time and with reduced cost. Human resources can now be utilized in jobs that require critical thinking whereas machines are employed to do routine tasks that result in eliminating wastage, saving the cost of expensive labor & producing output in relatively less time.
- Workforce restructuring: Education in manufacturing is plummeting which leaves fewer professionals in the operational industry. To overcome this challenge of manpower deficit in industries, companies employ automated processes to compensate for the lack of manufacturing experts. These processes can range from assembly line functions to repetitive document processing to optimize the work in the industry.
Robotic Process Automation (RPA) is not new but has certainly gained popularity in recent times. This is because companies have sensed the wonders it can do for them. Foxconn, one of the leading electronic component manufacturer in the world, has replaced 60,000 jobs with automated processes. Even though a myriad of people see it as a threat to the workforce, the truth is inevitable; RPA is the need of the hour if a business needs to compete globally and lead the charts of efficiency while stepping into the world of future.
At BoTree Technologies, we build enterprise applications with our RPA team of 25+ engineers.
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