Understanding how RPA Bot Development Service can help your enterprise and steps to ensure a successful RPA implementation The CIOs want their workforce to be free from mundane tasks and think innovatively so that they can contribute more towards high value work. Enter Robotic Process Automation or RPA (which is often confused with Simple Workflow Automation). Wikipedia defines RPA as Robotic process automation (or RPA or RPAAI) as an emerging form of business process automation technology based on the notion of software robots or artificial intelligence (AI) workers. Unlike what many believe, RPA will not replace the human workforce but allow them time to focus on tasks that require creativity and ingenuity. Gartner has predicted that by 2020, the RPA market will grow to $1 billion. There are many biggies using bots like Walmart, American Express Global Business Travel, Ernst and Young, Walgreens and the likes. Walmart is using more than 500 bots to perform various tasks such as answering customer concerns to fetching useful information/ documents required for audits.
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How does RPA help? RPA aims to streamline operations in an enterprise and reduce costs. Enterprises can automate repetitive business processes or tasks that are rule-based. There are many CIOs who believe that RPA is indeed intelligent automation or IA enabled with the help of Machine Learning (ML) and Artificial Intelligence tools.