Last week we talked to Kirill from Super Data Science about robotic process automation. If you are looking to disrupt traditional operations in your business or if you are a professional looking to broaden your knowledge and advance your career through RPA, you will get valuable information from this podcast.
Given the large amount of low complexity and high volume manual processes involved in finance (e.g., producing financial statements, card activation, account opening), it seems that automation can serve the industry well.
What is robotic process automation? What results does RPA bring? What processes are eligible for automation? We are here to offer answers to all of these questions and more, through a detailed infographic about robotic process automation in 2018.
Enterprise grade RPA platforms can be impractical for small and medium businesses due to budget and personnel constraints. And so ‘RPA Robots for Hire’ was born, out of the belief that the benefits of automation should be enjoyed by organisations of all sizes.
The main function of automation in the legal industry is to release high value staff from the mundane tasks of handling paperwork, timesheets, interaction with Law AI applications, etc. so that they concentrate on the tasks that matter more for their customers and reduce non billable time.
If we focus on larger businesses (i.e., with more than 500 employees), the RPA picture is yet more dense, justifying an even brighter outlook: 38% of the economic organisations surveyed had already initiated the activation of RPA programs.
We consider 5 of the most prominent robotic process automation objections, and see how they could be addressed. Let’s try to understand what grounds them, and get over the potential misunderstandings by making things clearer.
Data security is definitely one of the top priority problems on the present agenda of many organisations and governments. Discover how robotic process automation can help you implement GDPR compliance.
What are the RPA application areas, or the actions that define the goal directed interactions between you and the automation system? More specifically, what can you do by means of automated processes better than you can do with human employees?
Robotic process automation is a brave representative of a ‘new world’, a world that has learned to use its resources most efficiently, according to a wise division of labour.
In the early days of robotic process automation, it was mostly the business crews who dealt with software implementation and maintenance, with only marginal consultancy of IT practitioners. But, as the song goes, “times are a-changin’ ”.
Robotic process automation is easily adaptable to a large number of industries; it is the right glove for finance, healthcare, banking, accounting and more. RPA and the utilities industry is also one of these well matched technology - industry mixes.
2018 will not only continue the rise of RPA, but that RPA will spread across industry types, expand into operations, logistics, contact centres, etc. and begin to broaden its reach to medium and smaller companies.
Many consulting and software companies target RPA implementation in large enterprises, with tens of thousands of employees. But do these exhaustively cover the scope of automation, leaving smaller firms out of the picture?
In order to implement RPA “the smart way” and take the most advantage of it, you should be aware of the robotic process automation pitfalls from the very beginning.
27% of corporate leaders and 24.1% of compliance professionals submitted that a “lack of technological capabilities”, which includes robotic process automation, posed the greatest challenge.
These eight questions should help you start automation in a positive fashion, or at least bring you one step closer to becoming part of the increasing number of innovative companies that turn to RPA in 2018.
With inexpensive implementation costs and typically high returns on investment, a key factor driving this impressive growth rate will be the increased adoption of RPA across businesses of all sizes.
In 2017 the adoption of RPA grew globally at a higher pace than ever before. Extrapolating its growth trajectory into the near future would imply adoption as a necessary step for competitive businesses.