Loading, please wait...

A to Z Full Forms and Acronyms

Why RPA - Robotic Process Automation

Mar 24, 2020 RPA, Robotic Process Automation, 1946 Views
RPA | Robotic Process Automation | History | Benefit | Why Learn

Why RPA - Robotic Process Automation

 

Robotic Process Automation (RPA) - The technology was first coined in the year 1959 by Arthur Samuel, who was a pioneer in the field of AI or Artificial Intelligence who at the time was working for IBM company. The expectation that was predicted at that time:

  • Development of RPA's external process capabilities
  • Internal process capabilities will reign supreme
  • Demand Integration with other tools
  • Greater AI Capabilities
  • Wider adoption of RPA.

 

So was the prediction or expectation was correct?

Well, A March 2017 report from Research and Markets reveals that "The robotic process automation market is estimated to reach USD 2,467.0 million by 2022, at a CAGR of 30.14% between 2017 and 2022. - source.

 

So what is basically RPA or Robotic Process Automation?

RPA is a form of process automation technology based on metaphorical software or commonly we may term as bots and AI capability workers.RPA tools do have strong technical similarities to GUI Graphical Interfacing Tools which automate interactions with the GUI. They can learn to fit the desired outcome based on optimal condition input.

 

What are the Benefits of RPA?

Well, to answer here are the top 20 benefits of RPA:

  • Reduced Cost ad Operational Risk
  • Improved regulatory compliance
  • Faster and easier Implementation
  • Flexibility and Simplicity
  • Real-time Analytics
  • Highly Scalable
  • Enhanced SLA Capability Scrutiny
  • Virtual Workforce Security
  • Enhanced Commercial Outcomes
  • Increased productivity 

 

Why learn RPA - Robotic Process Automation?

  • Well, the ROI is very much Visible which ensures with minimal cost spent, you can have the maximum amount of Profit while automating the task.
  • No Down Time which explains that Software bots can work all the time - 24*7*total number of the year at 100% capacity.
  • One of the best ways to understand Intelligent Automation is by learning RPA
  • It saves both times at practitioner end by leaning it by own through AI Capabilities
  • RPA is very much easy to scale and implement due to the property of end-user navigation capability which can be done quickly ad efficiently.

 

 

 

 

 

 

 

 

A to Z Full Forms and Acronyms

Related Article