As Forrester rightly said, “RPA has proven its value as a strong and direct mechanism to support an enterprise’s tactical and strategic goals. But getting it right has its challenges”. Let us find out the suitability and applicability of RBA in real-time situations.
The future of business in almost every domain will lie with the organization’s speed and adaptability quotient. Making businesses sustainable and relevant is an integral part of any CXO strategy towards a steady and inclusive growth trajectory.
DIGITAL TECHNOLOGY AND ITS IMPACT ON THE ECONOMY: PAST AND PRESENT
Digital technology has become the cornerstone of business transformation by remodeling products, processes, operational and organizational structures. Product-based industries apart; RPA also has the ability to change the face of the service industry, especially the financial, logistics, telecom, marketing, accounting, law, Human resources, and public administration domains, amongst others. Robotic Process Automation, or RPA, has been coined the gateway of Artificial intelligence.
The 1950s saw the advent of robotization of production processes, and the concept has now advanced into business processes at a very nascent level. Robotic Processes Automation is essential, denoting the extensive use of software capable of reducing human intervention. Surveys indicate that the RPA market will touch USD 2.9 billion by 2021 end. This is a massive leap from 250 million in 2016. The recent pandemic has only one silver lining, which comprehensively shifts to digital processes.
HOW ROBOTIC PROCESSES AUTOMATION WORKS
This story is from the February 2021 edition of Siliconindia - India Edition.
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This story is from the February 2021 edition of Siliconindia - India Edition.
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