Both RPA (robotic process automation) and AI (artificial intelligence) have seen immense advancement in the present decade.
While both technologies are dissimilar, it is interesting to see that when it comes to businesses, both help achieve the same ends—growth.
AI + RPA solutions is a formula that is being increasingly adopted by numerous organizations to achieve business growth.
“AI is an area of computer science that maintains the creation of intelligent machines that operate and react like humans.
Some of the actions of computers with artificial intelligence are created that include speech recognition, learning, planning and problem-solving”
“RPA is the practice of automating everyday business practices with "software robots" that perform tasks automatically..
In the last few years, many big companies have invested in some sort of process automation with a thought to bring transformations in the operation and other processes.A report from Gartner, predicts that the estimated revenue of global Robotic Process Automation is forecasted to reach approximately 1.89 Billion Dollars by the end of the year 2021.Robotic Process Automation allows the configuration of digital workers for the capturing and interpretation of tasks that are already available on the pre-existing applications.
For RPA, the most optimal use these days is to set the workers free from the repetitive and boring routine tasks, so that they can focus on other higher-value tasks.The tasks that are repetitive, recurring, rule-based, and prone to human errors are the main and ideal targets for automation through various Robotic Process Automation tools.
A notable benefit is also observed with improved retention rates of employees and reduced demand for additional human resources.
The need for heavy training that was to be provided to the newly joined employees has also reduced.Some additional benefits of RPA are -Improved quality of servicesLow costsImproved analytics and reportingEnhanced employee experience and engagementsBetter security and complianceIncreased agilityReduced implementation time and costRobotic Process Automation Tools - FeaturesThe field of RPA is very vast and a variety of Robotic Process Automation tools are available in the market.
Prioritizing of the Manual WorkflowsAfter this, the companies can be innovative and move faster consistently.
when integrated with some smart automation platforms, empower the citizen developers in the achievement of digital workflows for uplifting productivity and accelerating work to a new level.3.
As artificial intelligence and machine learning acquire a place closer to the hearts of businesses than ever, RPA or robotic process automation gains traction as one of the preferred technologies.
RPA, in this situation, enables businesses to automate processes that are repetitive, monotonous, and do not require complex decision making, thus freeing up human labor for tasks that do require more powers of the intellect.
Thus, the rising demand for RPA solutions.
Despite the evident benefits that come with RPA, there are a couple of doubts that still stare businesses in the face.
So, before you go on with RPA implementation, here are some very important things that you must keep in mind.
Ideally, a company that has two or more employees carrying out a repetitive task, which can generate structured data, makes for a good business case for RPA, explains Rod Dunlap, Senior Director, RPA for Insurance at Capgemini.
Wipro's robotic process automation (RPA) services and solutions improve process efficiency and reduce errors through automation anywhere, blue prism, UI path, work fusion, open
