According to a McKinsey report from 2016, the healthcare sector had a 36% technical potential for automation. The authors of a 2019 study published in JMIR Research Protocols firmly assert that “the future health sector will undoubtedly involve automation of routine task”.
Disruptive technology is currently reshaping the finance function, opening up new horizons of productivity and performance. CFOs, inasmuch as other senior leaders, are the ones to act out and substantiate the potential of robotic process automation.
Robotic process automation has the potential to change how a business works, from the ground floor to the executive suite. For those that find themselves in the role of Chief Technology Officer (CTO), these changes will have a big impact on their day-to-day work as well as the course of their future career path.
According to a Deloitte Global RPA Survey from 2018, 1 out of 4 executives responsible for running transactional operations declared that increasing the level of automation is a top strategic priority. More than half the respondents have already embarked on the automation journey, and by 2020 the number is expected to reach 72%.
Robotic process automation (RPA) brings benefits to the telecommunications industry because it’s supported by high frequency manual, repetitive, rules-based processes, which are critical for an appropriate service delivery. The basis of telecom is thus made up of processes which are highly eligible for automation.
CIO’s have the power to take the company to the next level by implementing robotic process automation. As a complex process, for the long term success, it is helpful to keep in mind principles such as security of data comes first or fostering collaboration towards building cross-department attuned strategies.
Implementing robotic process automation in contact centres can provide your employees with much needed assistance, without the need for more (costly) hirings. Not only will they become more productive, but they’ll also be freed to invest time and cognitive resources in customer communication.
Typical HR tasks include adequately managing the needs of the current workforce, maintenance of company culture, managing employee disputes, recruiting the right people to fill personnel gaps, report preparation, etc. The responsibilities of HR staff are on the rise, so they might really benefit from digital assistance.
These robotic process automation mistakes to avoid in 2019 pave the way towards improved business results, reduced wage costs, reduced cybersecurity risks, increased employee satisfaction, more effective and satisfied personnel. So we believe that it’s worth taking a proactive stance and picking the right RPA service provider to help guide you through your automation journey.
As you may know by now, mulling over RPA use cases is our favourite solution for holding on to the positive facts about automation, while not getting carried away by the insights drawn from a whole plethora of positive statistical data. This time, we’ll be pondering some robotic process automation use cases in retail.
What underlies those higher revenues expected from RPA? PwC mentions a reduction in workforce costs of up to $2 trillion as a result of automating almost half the work activities in companies across the globe.
RPA for cloud applications can grow faster than on-premise implementations because the Cloud sets aside the need for prior testing: the software robot can be directly used for doing whatever it’s been programmed to do.
Robotic process automation is a key factor in transforming your organisation, making it attuned to state-of-the art technological development, ready to gain a significant competitive advantage in today’s ever evolving market.
The expansion of RPA deployment requires this sort of dynamic balance between skilled employees and digital technology. This is precisely what justifies the need for calling upon experienced RPA advisors to manage implementation, as well as for establishing an RPA Centre of Excellence once the system is launched.
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.
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’ ”.
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.
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.
More and more companies decide to invest in automation. There is no need for an ‘either/or’ attitude when it comes to RPA and employees, because it seems that success in the long run belongs to a harmony between the two.
Suppose you are set on automating at least some of the dull repetitive processes in your business, to make best use of the human potential for inventive work. But what is the right plan to bring your good intention to fruition?