You are more likely to enjoy the full benefits of successful robotic process automation implementation by following a certain strategic path, with a business process design that is well suited to your goals.
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%.
The robotics quotient is a measure that helps you decide not only whether non-human coworkers can be fruitfully co-opted into attaining your financial and managerial objectives, but also what you should be doing in order to maximise the likelihood of people and robots successfully working together.
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.
In 2019, RPA is no longer the privilege of large enterprises. Multi-national corporations, as well as small and medium businesses that wish to enhance their market competitivity, must be aware of the ways to leverage the potential of state-of-the-art technology for their digital automation endeavors.
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.
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.
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?
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.
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.
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.
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?