What is RPA


Robotic Process Automation (RPA) is all about building intelligent automations for an enterprise. Centrally automating, managing & tracking business processes that are executed by robots in all the departments of an organization.

By adopting RPA, organizations can overcome many of the barriers like 4 eye authentication process, error-prone transactional processes, rule-based time-consuming back-office operations, and can achieve operational efficiency with enhanced performance at an enterprise level.



RPA Evolution


Robotic Process Automation (RPA) has evolved from being a Tactical Process to a Strategic Solution. Moreover, it has evolved from being a Virtual Assistant to Virtual Workforce.



Manual Old Processes Assisted Macro Automation Robotic Process Automation
Human workforce Virtual assistant Virtual workforce
Clerical long process Human assisted macro applications End-to-end process automation
Required huge human resources for scaling Non scalable apps built for specific processes Scalable & flexible virtual workers
- Multiple macros/apps could not work simultaneously Multiple bots working simultaneously
Time consuming human activity Time consuming development work Fast and efficient development & deployment
- Compatibility issues with legacy systems Compatibility with universal software systems
Manual work No scheduling Task scheduling
- No centralized macro/app management Centralized robot management & tracking
- Deployed on desktop or shared location Can be deployed in server, cloud/saas

RPA Market Forecast

CAGR 30.14%

RPA market is expected to grow at a CAGR of 30.14% and is expected to reach USD 2467 Million by 2022.

Benefits of RPA


High Growth

Considering the large number of processes that can be automated with RPA, company can achieve high growth rate with resource efficiency.


Minimize Cost

Cost is reduced dramatically as the RPA tool takes care of the repetitive clerical tasks thus saving precious time and resources while human resources can focus on the work that creates more value.


Reducing Operational and Technology Risk

RPA implementation leads to more accuracy eliminating errors that are caused by manual clerical processes.


Impact on Bottom Line

RPA enhances processes allowing 100% accuracy and 24/7 execution reducing total turnaround time for all business processes.






Seamless Integration

RPA has come as a boon with its capability to connect and work hand-in-hand with different discrete systems.


Transparency

RPA leads to transparency in any industry with known and unknown manual errors hampering both management decisions and operational performance.


Revenue Increase

RPA helps organizations to automate various processes and leads to reduced operational expenditure (OPEX).


Regulatory Compliance

Robotic Automation technologies support and enable all compliance regulation processes, with detailed and error free auditing.