Robotic Process Automation makes it feel like the field of robotics is at an inflection point, destined to disrupt business models in all manner of industries, firstly identify more opportunities to deploy robots, thus, by infusing intelligence into RPA, hence combining machine learning capabilities with process automation, you can design an advanced form of RPA – a bot that is able to analyze, comprehend, and draw conclusions from both structured and unstructured data.
While RPA does have its advantages, its true performance and productivity advantages will come to light when tied to specific use cases, uniquely, to make the most of robotic process automation, your organization will need to invest in more modern, more powerful hardware – plan for it.
Robotic process automation or RPA refers to process automation technology which allows organizations to automate operations reducing the various human touchpoints that are earlier necessary to carry out the activity, with this, you are rapidly heading to a place where automation will have to be given a promotion into higher-value decision-making. Whilst much of a process can be automated by bots, you still find many require a human part in the process – for example to make approvals or handle business exceptions.
One specific application steadily becoming more common is Robotic Process Automation, RPA is the automation of certain business processes that are repetitive, labor intensive, and involve at least some sort of elemental rules-based decision making.
If you add back the cost of the automation solution, you are able to calculate the annual ROI on your investment and processes in need of automation can be more readily identified and robots designed more quickly. Since uniquely, RPA is the application of technology that allows users to configure computer software to capture and interpret existing applications, according to the Institute for Robotic Process Automation and Artificial Intelligence.
In taking on predictable and repeatable tasks, software robots have the potential to vastly reduce costs, improve process quality and consistency, and enable greater scalability, with its capability to automate rules-based tasks that are repetitive and manual, RPA is expected to repurpose the role of the auditor by replacing perfunctory tasks and emphasizing higher order thinking skills that will eventually lead to enhanced audit quality. Business leaders undertaking an RPA deployment should focus on a few key principles to maximize value from the initiative.
Client buy-in is an important part of the process too since certain aspects of automation will need to access ERP and IT systems simulating as end users, more and more organizations are exchanging data electronically with business partners in order to execute processes faster and more efficiently. Through process automation, the ultimate goal must be to simplify the original process while reducing risk.
But, to be sure, there is a degree of art – and a great deal of discipline – involved in the hardening process that enables bots to run reliably and with consistent outcomes in your enterprise, automation is fast becoming a buzzword especially among knowledge workers who strive to minimize the need for manual labor in the accounts payable organizations, for example, like last year, mobile testing will continue to remain at the top of test automation trends owing to the remarkable shift in the adoption of mobile devices and technology in business.
Want to check how your Robotic Process Automation Processes are performing? You don’t know what you don’t know. Find out with our Robotic Process Automation Self Assessment Toolkit: