Robotic Process Automation is known by many names in the industry. It is, indeed, a form of business process automation technology. At times, professionals use the term “Software Robotics” synonymously it. However, its basic function remains the same. RPA automates manual tasks across applications with the help of a software robot that can even interact with other software to get the job done.
Standing at $4 billion in 2020, the market size of RPA will be more than $10 billion in 2023 and why shouldn’t it be? Today, in the era of digital transformation, the benefits of the RPA are indispensable. Companies, especially mid-sized, can implement RPA in their business model for a faster digital transformation. At the same time, their resources can use the saved time in other constructive activities. Faster digital transformation translates to higher ROI, better market standing, and greater customer retention to name a few.
One may wonder what are the benefits of adopting RPA. Since RPA saves time invested in manual labour and automatically executes high-volume, repetitive, and low exception rate tasks, companies can utilize their resources in more productive tasks. There are numerous benefits of adopting RPA. Some of them are:
In order to automate a certain task, the selection criteria are quite simple and straightforward. For a business to qualify for Robotic Process Automation, the following is the criteria:
Muhammad Usman Khan
Senior Managing Consultant – Process Automation