Benefits and Challenges of RPA (Robotic Process Automation)


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Uploaded on Sep 20, 2023

Category Automotive

Exploring the Benefits and Challenges of RPA (Robotic Process Automation)

Category Automotive

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Benefits and Challenges of RPA (Robotic Process Automation)

BENEFITS AND CHALLENGES OF RPA (ROBOTIC PROCESS AUTOMATION) INTRODUCTION Robotic process automation (RPA), also known as software robotics, uses intelligent automation technologies to perform repetitive office tasks of human workers. Source: www.ibm.com BUSINESS BENEFITS OF RPA? Accelerated transformation Among global executives, 63% say RPA is a major component in digital transformation. Source: www.uipath.com Major cost savings RPA drives rapid, significant improvement to business metrics across industries and around the world. Source: www.uipath.com Greater resilience RPA robots can ramp up quickly to match workload peaks and respond to big demand spikes. Source: www.uipath.com Why is RPA transformative? Advanced robots can even perform cognitive processes, like interpreting text, engaging in chats and conversations, understanding unstructured data, and applying advanced machine learning models to make complex decisions. Source: www.uipath.com Where can RPA be used? Today, RPA is driving new efficiencies and freeing people from repetitive tedium across a broad swath of industries and processes. Enterprises in industries ranging from financial services to healthcare to manufacturing to the public sector to retail and far beyond have implemented RPA in areas as diverse as finance, compliance, legal, customer service, operations, and IT. Source: www.uipath.com What features and capabilities are important in RPA technology? To build and manage an enterprise-wide RPA program, you need technology that can go far beyond simply helping you automate a single process. You require a platform that can help you create and manage a new enterprise-wide capability and help you become a fully automated enterprise. Source: www.uipath.com Why is RPA the fastest-growing enterprise software in the world? When you combine RPA’s quantifiable value with its ease of implementation relative to other enterprise technology, it’s easy to see why RPA adoption has been accelerating worldwide. Source: www.uipath.com Is RPA the same as artificial intelligence (AI)? RPA is not AI; AI is not RPA. But the combination of RPA and AI unlocks massive new possibilities for enterprises everywhere. For one thing, RPA technology now makes it possible to insert advanced AI skills in the form of machine learning models, natural language processing (NLP), character and image recognition, and more into RPA robots. Source: www.uipath.com