What Is Robotic Process Automation (RPA)?
Robotic Process Automation (RPA) is gaining a lot of traction as it’s being adopted and implemented by businesses in every industry. New technology makes it essential to consider process automation as we enter into a new way of growing a business. This is necessary to maximize the performance within the SMB Market.
With the implementation of RPA a business will increase productivity, lower operating expenses, increase business insight through daily reporting, and so much more. Now is an important time to understand RPA.
How to Get Started with RPA
RPA refers to the use of software “robots” that mimic tasks usually performed by humans. These robots are especially helpful for automating rule-based processes that require interaction with multiple, disparate IT systems.
It is widely expected that in the Fourth Industrial Revolution, clerical work will be automated the way industrial robotics automated production in the shop floor.
McKinsey thinks that the impact of automation on the Future of Work is likely to be broad-based, with approximately 60% of all jobs having a significant 30 percent of their activities demonstrating potential for automation.
Will RPA Take My Job?
Will RPA take your job and kill your career? It depends on what you do for a living, how old you are, where you live, and your educational credentials. If you perform routine tasks or even what appear to be complex deductive inferential tasks we associate with “knowledge” industries, yes, your job and career are at significant risk.
RPA will absolutely, positively threaten your job, your career, and your very professional existence. It would be naïve and irresponsible to think otherwise. Just as it was naïve and irresponsible to tell horse breeders and coach manufacturers that automobiles were no threat at all or minicomputer manufacturers that desktop computers would not threaten their markets because, you know, “there is no reason for any individual to have a computer in his home.”
Make sure you understand RPA technology because a human can not keep up with a tenth of what RPA can do. However, this opens up the opportunity to be more on the creative side. The opportunity for growth can grow tenfold because all the attention can now be focused on productivity.
The growth of RPA
If you asked the average person on the street what robotic process automation is, most probably wouldn’t have a clue. Yet new data from Gartner finds the RPA market grew over 63% last year, making it the fastest-growing software category. Click Here for the full article…
From $1.3 Billion in 2019 to a Projected $25.66 Billion By 2027
The global robotic process automation market size is expected to reach USD 25.66 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 40.6% over the forecast period. Click Here for the full article…