Robot process automation is a technology that is used to create (or develop) applications to mimic or interact like humans with digital systems or machines, enabling immense work speed and advanced application development with ease.
It is one of the ground-breaking technologies that helps in repeating the process without any external support in other words, it triggers automation. You can relate it with AI which can be used along with RPA but the major difference between artificial intelligence and robot process automation is that AI simulates human intelligence on its own while Robotic Process Automation (RPA) uses the specified set of logic or data to bring about automation.
So, how can it help business owners achieve business targets and accelerate the workflow?
Today the internet has made the world a small place, there are billions of users around the world and enormous amounts of data are being generated every second. Let’s say, you have a database of many thousand users. Robot process automation can amazingly help maintain the data by automating daily tasks to help you leverage the manpower to get to the bottom of the other complex tasks. How beneficial it is for you; you can develop other programs or bots; it helps you accomplish a host of repetitive tasks, including document scanning, file saving, working with databases, generating reports, email reports, filling out forms, and a large number of other tasks.
What are the benefits of implementing RPA in business?
In this fast-paced digital era, AI-powered robotic process automation technology is hailed as a powerful and quick way to deal with cumbersome operations, escalating the digital process and day-to-day work. RPA is a groundbreaking tool to amplify the potentiality of digital technologies.
RPA business tools are used to simplify and accelerate laborious and time-consuming tasks without utilizing much human effort and resources, it can deal with intricate processes better than humans do that too with fewer resources and investments. RPA software is excellent, especially in repetitive tasks and managing a heap of data.
The real-life applications of RPA are far-reaching, from filling data to triggering particular digital operations from time to time automatically, it has sweeping operations to streamline a wide range of business processes.
Though it’s in its nascent phase, it is no exaggeration to say that sooner or later, it is going to replace the human workforce by working more accurately and comprehensively. Let’s break down some benefits that you can avail of from the robot automation process by implementing it in your business.
RPA incorporates powerful tools to ease repetitive tasks, resulting in increased productivity and shrinking the chances for human errors. As a result, you can employ your manpower to deal with core tasks. In an automated environment, employees have more time to work on other critical operations by leveraging technology to handle the daily monotonous repetitive tasks such as data filling, email marketing, extracting data, etc. Moreover, it can alone accomplish the task of multiple employees in a fraction of the time that your average human employee may take hours or more to accomplish.
Increase efficiency through Automation
RPA programs can reduce your stress as you don’t need to remember to execute the repeating operations, once they are set to execute the particular operations, you can sit and relax or focus on other more important tasks, rather than puzzling over a large amount of data. When your company invests its resources and valuable workforce to accomplish the same tasks again and again, it may reduce the growth of the company. You can amazingly benefit from a robot automaton process that works with fewer resources and manages multiple operations. These machine programs can work round the clock without losing pace.
RPA vs Human workforce – RPA is 70% faster than humans!
A single RPA program can perform the tasks of multiple humans in less time. According to a study, RPA can work 70% faster compared to humans. The best thing about RPA software is it can be 24*7 and remain productive 100% time compared to an average employee who is only productive 3-4 hours a day. Not investing in automated programs can lead to hindrances to productivity.
This report shows how the implementation of automated programs has benefited various industries.
A great way to reduce business cost
RPA software can efficiently work round the clock at a faster rate than humans. These programs can accomplish the task in a short period which your employees may take hours or days. As a result, you don’t have to invest much in the recruitment of humans.
As mentioned above, an average human can concentrate and remain productive for 3 hours. After that, they lose their pace and concentration which may result in poor quality work and increased errors at the workplace that can cost money and interrupt productivity.
On the other hand, a report by Deloitte shows RPA continues to outperform expectations on the accuracy, and speed of work, with at least over 80% of users agreeing that RPA met the expectations in various areas of business. Furthermore, over 60% reported that it exceeded their cost-reduction expectations.
Reduce the cybersecurity risks: Add an extra layer of protection
Digital platforms are always prone to security threats and avoiding security concerns may cost a business. The list of security threats is continuously growing. Big companies have already employed RPA tools to identify security threats, however, human involvement still plays an important role, but they are not available round the clock. In such a situation, RPA can add an extra layer of security by working day and night when you are not available, they can take the place of security experts to trigger the particular process in case of a data breach or security threat.
With industries such as tech, healthcare, retail, financial services, and manufacturers embracing automation, it has always been a point of debate that they may pose a threat to human jobs. It is not true at all. That being said, machines are about to take over humans in fiction. Today AI is in its development stage and it has been helping humans to work with an unlimited amount of data so we can focus on important tasks. On the whole, be it an RPA program or any kind of technology, it always benefits businesses and amplifies the work speed at less cost.