The future of work: How RPA is transforming business operations
The modern world uses technology to shape the future of work and Robotic Process Automation (RPA) is leading this transformation. Robotic process automation is transforming the way a business operates. As per a latest survey, 53% of organisations have initiated their robotic process automation journey.
What is Robotic Process Automation (RPA)?
Robotic Process Automation or RPA is a technology which uses software bots which automates rule-based tasks performed by humans previously. These robots copy human action in a digital system and interact with other software applications in the execution of tasks, manipulation of data, trigger responses and communication within systems.
Some key benefits of transformation of RPA in business operations
- Robotic Process Automation is efficient in many ways as it reduces the processing time and enhances efficiency. It can complete tasks within a short interval of time.
- Robotic Process Automation (RPA) minimises the risk factor by ensuring consistency and efficient execution of task.
- RPA can reduce labour cost by performing tasks.
- It can cater to the needs of business by taking into consideration the latest trends and technology.
Various industries have relied upon the traditional automation methods. But the modern automation methods and approaches such as RPA are bringing a revolution. Operational centres are achieving remarkable outcomes by reducing the costs and improving the quality of their service. RPA applications are equipped with pre existing monitoring, reporting and system controls.
Versatility of RPA in transformation of business operations
- It can be used in finance and accounting sector to reduce errors and speed up operations such as invoice processing, payroll and financial reporting. It will not only reduce the processing time, but also minimises the error rates with an impressive accuracy.
- It can be used for fostering interaction by providing accurate responses to their inquiry.
- It can also be used in healthcare sector where bots can schedule appointment and manage all the records which ultimately leads to reducing administrative burdens.
- It can also be used in manufacturing sector to automate inventory tracking, order processing and reporting. Bots can also be used to monitor stock levels, generate purchase order and prepare reports.
RPA can be applied to the processes which implies the following characteristics:
- The process is rule based in nature.
- The execution of task is quite time consuming.
- The execution of task is repetitive as well.
- Task is high in terms of frequency and volume.
- Process is matured to establish in your workflow.
- Operation is centred around structured data.
Conclusion:
RPA is a transformative force which is shaping business operations all across the globe. The ongoing trends are highlighting its benefits and potential of this technology. RPA tools have the potential to transform business to a completely new level in a more efficient way.