At a Glance – Robotic Process Automation (RPA)
Automation for the modern enterprise
Automation is a reality that every business has to face. Even small companies should be aware of the changes disrupting the processes of the bigger firms that they may deal with. Automation has traditionally threatened manual and low-level professions, but this is no longer the case. Now, even IT management staff are experiencing employment instability. The culprit? Robotic Process Automation (RPA). RPA basically refers to sophisticated computer software that can manipulate processes just like a human would – except it’s far better at it. RPA involves the use of intelligent machines to improve operational efficiency. This includes processing transactions, monitoring networks, collecting data and communicating with other systems.
RPA is an incredibly valuable tool, especially for companies that don’t have the budget for extensive IT management. It’s all about making operations run smoothly, cutting costs and improving quality. Instead of the instruction-based programming that fuels traditional automated processes, RPA is trained to be flexible, responding to situations like a human worker. This usually happens within a virtual environment. Unlike numerous other innovative technologies, RPA is easily integrated into existing software without requiring an overhaul of legacy systems. You don’t have to be an experienced programmer to work with RPA, either. . . it takes just a few weeks to learn how to use the software.
The Institute for Robotic Process Automation estimates that RPA could reduce labour costs by 20 – 40 per cent. This is good news for employers, but it’s not so great for the IT support workers who will be replaced by quicker, smarter bots. The evolution of automation represents the gradual advancement of automation on high-value jobs, as well as the increasing collaboration between cobots and humans. Unavoidable unemployment aside, RPA is hugely beneficial to any business with a high volume of labour demand, simplifying back-office work and administration and providing scalable process automation.