Robotic Process Automation Definition
Based on the concept of software robots or artificial intelligence workers, Robotic Process Automation (RPA) is an emerging form clerical process automation. Essentially robotic process automation is an application of technology that authorizes employees of an organization to configure computer software to capture and interpret already existing applications for processing a transaction, triggering responses, manipulating data and communicating with other digital systems.
Robotic Process Automation’s software capability of being able to interpret and adapt to changing circumstances, new situations and exceptions, is what differentiates RPA from traditional IT automation. RPA is able to manipulate data, initiate new actions, trigger responses and communicate with other systems autonomously after it has been trained to capture and interpret the actions of particular processes in existing software applications. For organizations that have a number of different, complicated systems that are required to interact together the RPA software is exceptionally useful.
Despite RPA software being expensive, it provides companies with an alternative to outsourcing, ultimately resulting in increased productivity, decreased cycle times and lower operating costs for human employees who no longer are saddled with boring work. Since RPA technology tracks and monitors all the tasks that it automates, it can also help companies to become more audit- and regulatory. While it is expected that around 140 million full-time employees worldwide will be replaced by 2025 with automation software, many high-quality jobs will be created for those who are able to improve and maintain the RPA software.
Robotic Process Automation (RPA) also called as software robot or bot is the use of software with artificial intelligence and machine learning abilities. An RPA automates complex rule based work by transacting any IT application or website in the same way a human would (log in, operate applications, enter data, perform complex calculations, and log out).
Evolution of RPA came from three key technologies:
Screen Scraping: Collects screen display data from a legacy application and displays it with a modern user interface.
Workflow Automation: Increases efficiency, order fulfillment rate, speed and accuracy by eliminating the need for manual data.
Artificial Intelligence: Ability to perform tasks like human.
RPA can be used in almost every field (banking, healthcare, food and beverage, finance, human resource customer service, etc) in the industry for different process. The different process it can perform are maintenance of record and transactions, office tasks IT support, assisted automation in customer support, etc RPA is supported by every application (JAVA, .NET, HTML etc) so it is easy for any company to enhance RPA.
By enabling RPA user enjoys rich benefits such as,
Greater accuracy and customer service.
Better compliance
Increased efficiency and speed by digitizing and auditing of data.
Flexibility in business sources.
Reduced costs.
Top RPA vendors include Blue Prism, EdgeVerve, Uipath, Automation Anywhere Inc, Workfusion, etc
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