How Does Robotic Process Automation Improve Business and Increase Efficiency? Robotic Process Automation (RPA) promises to supercharge productivity levels, achieve cost savings and enhance the
As a small to medium-sized business owner, you’ve no doubt heard about the concept of automating your business processes to help you and your team
This article was initially published in February 2018 and has been updated in September 2020. Are you still wondering whether implementing robotic process automation is
A PwC survey from 2017 that interviewed 1379 CEOs from 79 countries, found that 98% of C-level executives believe that robotic process automation is important or extremely important to their business. Additionally, RPA benefits include: immediate cost savings of 25-50%, 35-50% higher staff productivity, or 30-50% faster average processing times.
The global market for robotic process automation technology is predicted to reach $1.2 billion by 2021. As more job types are becoming amenable to automation, let’s take a look at reasons that justify the use of RPA as a substantial competitive advantage for business innovators.
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.
RPA’s most important trait is functionality, operationalized in terms of capacity to facilitate an optimal resource allocation leading to best possible business results, all other things held constant.
Every workplace has monotonous tasks that need to be completed daily, weekly or monthly.
On-demand automation buys you additional time by taking care of repetitive tasks quickly, which helps enhance productivity and provide unparalleled accuracy.
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