Robotic process automation (RPA) and artificial intelligence (AI) are the two facets of digitisation in the world of business. They both make a significant contribution to improving business processes by rendering them more efficient, and both are integrated by intelligent automation.
A choice between attended and unattended RPA robots can be made based on the time perspective, and on particular contextual features that can act as decision constraints. Attended RPA robots for short term efficiency, and unattended RPA robots for longer term automation strategies - this is just a rough sketch of the big picture.
Security risks are among the most ardent problems in the rapidly evolving technological global context. Risk prevention by means of robotic process automation allows the reduction of data tampering by human error as well as malevolent cyber behaviour.
The features of compliance processes such as document review, data consolidation, or invoice reconciliation, features like being high volume or rule based, recommend them for automation. Robotic process automation can increase compliance in several ways.
In order to increase its economic efficiency (i.e., cutting down costs, while boosting speed and accuracy), the main target of RPA providers is to facilitate the two most costly stages of RPA deployment, design & development, and maintenance.