The fact that robotic process automation drives innovation is the main reason why it is viewed as one of the supporting pillars of digital transformation across industry sectors, both digitally savvy (e.g., IT, media, telecom) and more traditional ones (e.g., automotive, infrastructure, pharmaceuticals).
According to Gartner, the digital business demands led to the growth of the RPA software revenue to $846 million in 2018 and went on to reach $1.3 billion in 2019. These numbers justify the claim that RPA in 2019 was the fastest-growing segment of the global enterprise software market.
We recently had an interview with Eric Dye from Enterprise Radio about robotic process automation that resulted in a podcast. We talked about the benefits of RPA, what processes are suitable for automation in order to maximise successful outcomes and more.
Throughout this year, the ‘automation first’ mindset will be even more of a strategic must for companies that are set on becoming more competitive. We hope that the list of 2020 predictions about robotic process automation and related technologies will be useful for your automation plans this year.
Scaling is necessary for leveraging the full-fledged benefits of automation. In order to scale your RPA deployment, you need to ensure coherent usage of “smart automation” platform capabilities, like process orchestration, cognitive capture, intelligent optical character recognition, etc.
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.
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.
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’ ”.
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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