According to the Forrester report, Robotic Process Automation market will grow to 12 billion dollars by 2023. What does this indicate? This indicates that year 2019 has already witnessed the popularity of RPA technology and it will continue to hold an incredible place in the corporate world.
With its capabilities of transforming business processes that are tedious and repetitive into more convenient and consumer-centric ones, RPA is going to extend its reach at an exponential rate. In this piece of writing, we will try to explore how Robotic Automation Process technology is going to pick up the momentum in 2020 and beyond.
Let’s start with Artificial Intelligence which remains the core foundation for RPA solutions.
Intelligent Automation will be in trend.
The concept of intelligent automation is not new, it has been in the news for a long time. In terms of RPA, definition changes, here it means linking up the automation process with a cognitive discipline of AI known as machine learning. This blending allows the RPA software to work with greater capacity and efficiency.
To deliver the optimum result, there is no doubt that Intelligent Automation in combination with RPA platforms will undertake a critical journey in 2020 and beyond.
Data Security will grab dire attention.
RPA services are commonly appreciated for handling tiresome tasks and enhancing overall efficiency. However, the upcoming years are going to change this perspective. As RPA and AI are coming together for intelligent automation, the focus will get inclined towards data security. Cobots, popularly known as collaborative robots, will be working with humans to deal with data-centric tasks more efficiently and without any errors.
RPA solutions will go through a reality check.
As several businesses will opt for digital transformation, digging deep into operations will increase awareness and may reveal some uncomfortable truths to them. For example, organizations that have an ideal notion of technical capabilities may find it difficult to accept that RPA is not 100% perfect. Therefore, the RPA service providers have to anticipate all possible combination of scenarios to live up to their expectations.
The adoption rate of RPA will increase.
In the year 2020 and beyond, several industries will leverage RPA techniques to enhance productivity by automating tedious and repetitive tasks. According to a survey, 53% of respondents have already undertaken their RPA journey and it is expected to increase to 72% in upcoming years.
However, acknowledging widespread discussions, it is believed that this trend will create an employment crisis for a large number of the human workforce. But a majority of groups also believe that RPA will foster greater association between humans and machines which will eventually bring more jobs in the market. The reality remains to be tested.
Conclusion.
The most appreciated advantage of Robotic Automation Process is that it blends feasibly with prevailing technologies. This will lead to a sharp rise in the adaptation and implementation of RPA technologies across various small and large organizations. RPA bots will work in partnership with humans to eliminate errors, increase productivity, dampen security risks and redefine digital evolution process.
As much as businesses are convinced with the power of RPA solutions to automate their processes, implementation can often be overwhelming.
It can especially be a wild goose chase for businesses that have been moving the traditional way.
This time, we’re sharing 8 best practices for implementing robotic automation tools within your existing process.
Challenges like lack of infrastructure, closed attitude of stakeholders and employees, lack of skilled employees, etc could be the biggest potential challenges.
While less than 20% processes render themselves
Is the RPA implementation going to be a completely automation of the process or is the objective only to automate it partially?
RPA Implementation in a business process helps in various ways.
It helps in automating the complex repetitive tasks and streamlines the workflow.In order to have this Implemented, you need to choose the right company.If you are looking for one, then I would suggest you this list of top RPA service providers.This benefits of RPA implementation are as listed below:Reduces errorReduces labour costsIncreases speedImproves efficiencyCost-savingImproves operational efficiencyImproved customer service, etc.
WINBOT helps in a Back Office Automation Toolkit.
It is a single solution for RPA Implementation Services, RPA Solutions.Benefits using this tool is Allows quick adaptation of Automation Eliminate Repetitive Work, One Stop shot for all Back-office Processes, Inbuilt Analytics, Highly Scalable and Flexible.
