How Businesses in 2020 will look to Integrate Intelligent Automation Technologies and Why?
Intelligent Automation Technology - RPA
Technology is evolving; recent trends reveal that the multi-faceted challenges faced by today’s service and product providers can easily be sorted out by integrating automation. Global predictions show that businesses will feel the imperative need to integrate Robotic Process Automation in their enterprise setup.
It has also been noticed that companies have started to explore RPA to establish a perennial and growing's.
One might be curious to probe about the facts which suggest or prove these claims. Yes, absolutely! Industry research shows about 20 - 25 % cost savings, on average have been achieved by companies that have successfully implemented RPA into their business processes. Moreover, 92% of service providers have confirmed their interest to invest in RPA technologies, to ensure steady revenue growth opportunities. There are many more such factors which clearly measure the financial impact of automation across various business models and verticals. After looking at these facts and figures, do we really have a clear idea about what RPA is used for?
RPA is a highly dynamic process that is only starting to get recognized by businesses and is used in numerous tasks like Payroll Automation, Card Verification, Data extraction from Social Media, Accounts receivable and payable, Employee background verification, Mass mailers and more. Besides these, RPA has proven its worth in disrupting verticals which involve a lot of Data Management, like Insurance, Customer Service, Banking and the Retail Industry.
Hence, there is no doubt that Robotic Process Automation has many unique advantages that are constantly inspiring businesses all over the world.
So what Specific Advantages does RPA bring?
For one, it dramatically reduces staffing costs while increasing productivity and efficiency. Software Bots work relatively faster than humans which results in quicker turnarounds and efficiency in work process. Both these factors are important when it is about client satisfaction in the long run. RPA minimizes human errors which are associated with repetitive rule based tasks assuring adherence to improved compliance and best quality standards.
In a Nutshell, businesses which are planning to plug-in RPA are bound to increase their efficiency and speed amidst boosting productivity and cutting costs without sacrificing quality while bringing in organisational flexibility and agility.
The Path Ahead, How to Leverage RPA!
The positive impact of automation will continue to shine and enterprises across various verticals will adapt themselves to deploy RPA. Automation service providers like Intellibot can help organizations smoothly integrate Robotic Process Automation, by providing an end to end automation solution, brought by a very powerful service called – ‘Automation Consulting’. Automation service providers will strategize & establish a RPA (COE) Centre of Excellence, which help organizations gradually adapt RPA in their business verticals.
To conclude, in the futuristic fast-paced global business ecosystem, it would be important, for enterprises to adapt with new technology innovations like RPA. Automation will be one of the most key elements for scaling up ROI in a future that is near.