Know the RPA Basics For Enhanced Process Automation
The RPA (Robotic Process Automation) market has been growing with more and more companies opting for process automation. RPA caters to multiple business needs, such as cost-cutting by either partial or complete automation. It saves time by removing the redundancy of manual tasks and enhances accuracy. However, did you know that even though RPA helps to save 60% of operational costs and labor-intensive tasks, 63% of companies had a bad experience with delayed implementation?
RPA is new for companies and various industries. They understand the need for automation but have many misconceptions about it. Today let us look at some RPA facts to give a clear picture of this emerging technology.
8 RPA Facts Every Business Needs to Know
RPA is not as complex as people might think. Here are 8 facts about RPA to give you a better idea of what RPA holds for businesses.
1. RPA helps businesses to automate processes. RPA is a technology dedicated to automating repetitive processes. Businesses can save up a lot of resources and improve the work environment with RPA. It not only ensures prompt delivery but leads to customer and employee satisfaction.
2. RPA can never replace humans. RPA stands for robotic process automation and people believe that it will take over all the jobs and remove the human dependency on getting work done. RPA can only automate repetitive structured tasks. Even though it might take up over a complete process of a business operation, it will always need human intervention. Also, for non-repetitive tasks, RPA can help with a combination of other technologies, such as NLP to a further extent.
3. RPA will disrupt outsourcing. RPA has already taken away a big part of BPOs by automation. But surprisingly, RPA has also assisted in automating various processes in BPO itself to enhance their operations. So, in a nutshell, it enhances productivity and helps in cost-saving.
4. RPA execution is complex. Businesses feel that opting for RPA will increase the hassle and they would have to waste extra money and time on its implementation. Many businesses fail to leverage the RPA effectively due to a lack of planning. They fail to identify the tasks to automate and end up wasting resources with ineffective strategies.
5. RPA helps businesses to redesign their business processes. RPA aims at looking at repetitive tasks which can be automated. It can work on partial or complete processes at the same time. Businesses can leverage automation to improve their business processes and enhance output delivery. In a way, it allows companies to redefine their business processes to refine operations.
6. RPA can save up a lot of resources. RPA replaces human jobs to some extent to save up resources by taking over mundane tasks. It saves money and gets away with human resources. Also, it is much more accurate and enhances time management for businesses. They can get much more done with better compliance at lower costs.
7. RPA is not AI. AI is artificial intelligence that deals with data to perform various tasks. Contrarily, RPA focuses on business processes to automate them and save costs for businesses. AI is an advanced technology to manage data and work on the data fed. RPA just replaces humans to perform repetitive tasks.
8. RPA can automate processes to a limited scope. RPA has a limiting scope as it can automate only a combination of attended and unattended repetitive structured processes. However, many business processes are not repetitive or structured at all. Thus, businesses need to identify specific processes for automation to save resources.
These facts would set a clearer picture of what RPA can offer to your business. It can be the best investment if done with proper planning and implementation. However, if you opt for it just because other companies are using it, you will not be able to leverage it and end up with wasted resources.
Why Should Your Business Opt For RPA?
Even though the RPA seems complex, it is one of the simplest technologies which can help your business scale and save resources. Proper research, analysis, and planning can save a lot of time and money in RPA execution. Want to know more about automation and RPA? Want to scale your business with lesser resource utilization?
EmergeFlow helps businesses to automate their business with RPA. You are just a free consultation call away to boost your business growth.
