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The Future of RPA!

Robotic Process Automation (RPA) is one of the most exciting developments in Business Process Management (BPM) in recent history. Some industry experts believe it may be even more transformational than cloud computing.

However, is this game-changing technology all that new? Any BPM practitioner with a sense of history knows that RPA has been around for a long, long time. For instance, inbound call centers have been using Interactive Voice Response Systems (IVRS) for years. These systems employ robots to guide customers, accept key tone or voice-based responses, and pass on instructions to the underlying application to complete a transaction. Similarly, optical character recognition (OCR) technology, also classified as software robots, have been used for a while now to deliver high auto-extraction efficiencies. Moreover, since the advent of web-based solutions, the industry has always used internet BOTs (short form for Robots) for auto-posting of data. Software Testing industry has used similar type of automation for many years to post data in applications to manage functional, integration, user and more significantly regression testing.

What is different about the latest wave of RPA is the maturity of both technology, specifically artificial intelligence as well as the business processes it is applied to. The market for RPA is advancing rapidly and widespread adoption of robotic automation could radically reshape the BPM marketplace. In my view, this transformation will be driven by a pursuit of five outcomes:

  1. Cost reduction: Software robots are typically at least one third the price of an offshore FTE.

  2. Efficiency: RPA can operate 24/7 without breaks provided the underlying core applications are available.

  3. Accuracy: Human FTEs make data entry mistakes, whereas robots perform the same task the same way every time provided there is no judgement call required while processing transactions.

  4. Improved audit and regulatory compliance: Robots can provide a detailed audit logs enabling advanced business analytics and improved compliance.

  5. Ease of change management: Robots preserve application and data integrity by leveraging the existing application presentation layer and re-using existing application logic, databases and validation without deep understanding and re-engineering.

RPA is not new. Without a doubt you and your organization have already been touched by robotic automation in one form or another. However, they say there’s nothing as powerful as an idea whose time has come. And the time for RPA-powered transformation is now. Let me give you a clear insight of what is happening in the current RPA world and what are the predictions on it in the future.

Robotic Process Automation (RPA) Market size is set to exceed USD 5 billion by 2024; as per a new research report by Global Market Insights, Inc.

The growing adoption of RPA technology by organizations to enhance their capabilities, performance and reduce operational costs is expected to drive the Robotic process automation market growth over the forecast timeline. In order to gain ease of the processes, organizations are increasingly deploying these solutions with the traditional business processes. Surge in demand to eliminate manual interference in simplified and time-consuming business processes is predicted to increase the technology adoption rate. This massive surge in RPA market size, leads to a huge demand for RPA developers, in which there are in very low supply for the current and future demand.

What does it take to be an RPA developer?

If opt for the legacy tools like Blue Prism or Automation Anywhere, you must have a programming knowledge in scripting language like C#. However, the UiPath tool for RPA doesn't require any programming knowledge and is easy to use.

How should you start learning RPA?

Here at Future RPA we have created a Complete UiPath RPA Developer Course for those who want to learn the necessary RPA developer skills and get a head-start in the future of work. In this course you will learn everything you need to know to get started as a Robotic Process Automation (RPA) Developer. Learn and master UiPath Studio and then build state-of-the-art software robots from scratch. The best part about this course is that this course is entirely project-based, which means you will be getting hands-on experience and learn the skills you need on how to build real-world software robots in an enterprise setting. Get the course here for a special 94% discount:

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Nov 07, 2019

Splendid insights

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