What is RPA?
Robotic Process Automation (RPA) is a software technology that automates structured, rule-based procedures and can be basically be performed by virtual robots. These robots imitate human interaction with a software system and work as a human on the user interface in a similar way.
With the hourly cost of doing business increasing, companies are progressing towards a scalable solution driven by technology. Automation is the new trend in this transformation.
Let us entirely understand “What is RPA”, how it works, the other factors that affect Robotic Automation, and how it can benefit you.
Robotic Process Automation is a computer solution used to mimic human activities that use computer applications to deliver business processes. Software code designed to mimic the business process workflow. A "virtual bot" is created, which is used to interact with the various web pages, windows, and other applications.
The purpose of RPA is to help reallocate resources so the simple, repetitive tasks are removed from the human hands. It will save time and effort which can be repurposed into real thought-provoking value-add work can be accomplished.
Why Should I Implement Robotic Process Automation? (RPA)
Repetitive tasks are detrimental to a company for multiple reasons.
Repetitive tasks are expensive for a company
The time invested in performing repetitive tasks that are relatively low in value, but necessary to operate the business, results in time and resources invested without necessarily growing the business. These tasks are difficult to scale except by hiring more people and adding additional hours to the effort. What if you could reinvest that time and capital into higher-value work which would transform the company's top line?
2. Complexity causes Mistakes and Delays
Repetitive tasks often end up expending more time as the volume of steps grows, and as the steps multiply, the quality of work can potentially suffer. The chances of mistakes occurring increase, and when mistakes do occur, team members are forced to backtrack and re-perform a task with exceptional attention which then results in slower execution speed.
This slowdown will cost the company money and put a business goal in jeopardy. In situations like this, a simple, repetitive, low-value task can put a large business at risk. These are the types of activities you should seek to automate.
3. Robots Never Quit
A simple, but tedious to-do will never bore a software program, and you never have to worry about it taking a sick day or going on vacation. This software will show up every day and run the same tasks rain or shine. Gone are the days of a two-week notice when it comes to working with a robot.
There are some tasks that do not require a human personality, and those low-value tasks are perfect opportunities to eliminate training and future struggles for replacing the resource if they plan to leave.