Robotic Process Automation Predictions – What is the future of RPA?
RPA is becoming more than a ‘viable alternative’, turning into a necessary step that businesses must take in order to remain competitive. In the near future, the integration of RPA will mean adjustments to the workforce. This is a great opportunity to better use the human creative potential, both as designers of RPA and as decision makers in non-repetitive jobs.
RPA is becoming more than a ‘viable alternative’, turning into a necessary step that businesses must take in order to remain competitive. In the near future, the integration of RPA will mean adjustments to the workforce. This is a great opportunity to better use the human creative potential, both as designers of RPA and as decision makers in non-repetitive jobs.
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<strong>Robotic</strong> <strong>Process</strong> <strong>Automation</strong> <strong>Predictions</strong> <strong>–</strong> <strong>What</strong> <strong>is</strong> <strong>the</strong> <strong>future</strong> <strong>of</strong> <strong>RPA</strong>?<br />
There’s a lot that has been said about <strong>Robotic</strong> <strong>Process</strong> <strong>Automation</strong> (<strong>RPA</strong>) and I’m still surpr<strong>is</strong>ed that<br />
people confuse it with Artificial Intelligence (AI). The way we understand <strong>RPA</strong> <strong>is</strong> that <strong>the</strong>se are robots<br />
that can automate several repetitive, labor-intensive and rule-based tasks. It can simply replicate <strong>the</strong><br />
actions <strong>of</strong> keyboard and mouse. It <strong>is</strong> capable <strong>of</strong> numerous tasks that can open emails and attachments,<br />
collate and analyze social media stat<strong>is</strong>tics and follow <strong>the</strong> if/<strong>the</strong>n rules.<br />
If you w<strong>is</strong>h to get a basic understanding <strong>of</strong> <strong>RPA</strong>, you can read one <strong>of</strong> our blogs that can help you so. It’s<br />
titled ‘Understanding how <strong>RPA</strong> Bot Development Service can help your enterpr<strong>is</strong>e and steps to ensure a<br />
successful <strong>RPA</strong> implementation’.<br />
https://cdn.pixabay.com/photo/2018/06/20/17/06/robot-3486900_960_720.jpg<br />
<strong>RPA</strong> has been around for <strong>the</strong> last few years and has advanced considerably. It can manage only certain<br />
types <strong>of</strong> tasks (<strong>the</strong> ones that are repetitive and predictable. It frees up <strong>the</strong> resources to focus on tasks<br />
that require creativity, dec<strong>is</strong>ion-making and judgement.
As per Forrester, <strong>RPA</strong> Market will reach $2.9B by 2021.<br />
We asked our <strong>RPA</strong> experts about how do <strong>the</strong>y expect <strong>the</strong> <strong>future</strong> <strong>of</strong> <strong>RPA</strong> to look like and th<strong>is</strong> <strong>is</strong> what <strong>the</strong>y<br />
<strong>of</strong>fered. For <strong>the</strong> sake <strong>of</strong> better understanding, we’re dividing <strong>the</strong> predictions as near-<strong>future</strong> and longterm<br />
<strong>future</strong>.<br />
• <strong>RPA</strong> will be widely used in different domains and industries like BFSI, Manufacturing, Retail,<br />
Analytics, Aviation, Oil and Gas and Legal<br />
• In <strong>the</strong> near <strong>future</strong>, data entry and data rekeying jobs will be managed with automated tools and<br />
techniques<br />
• All computer aided processes that are governed with a set <strong>of</strong> protocols will be managed with <strong>the</strong><br />
help <strong>of</strong> <strong>RPA</strong><br />
• It will be used for improv<strong>is</strong>ed analytics and improved data accuracy<br />
• Formatting tasks can be managed with <strong>the</strong> help <strong>of</strong> <strong>RPA</strong> as it cons<strong>is</strong>ts <strong>of</strong> a set <strong>of</strong> rules<br />
In <strong>the</strong> long term, our experts predict that <strong>the</strong><br />
1. Wider adoption in <strong>the</strong> years to come<br />
More enterpr<strong>is</strong>es are becoming aware <strong>of</strong> <strong>the</strong> benefits <strong>of</strong> <strong>RPA</strong>. There <strong>is</strong> sharp r<strong>is</strong>e in adopting and<br />
implementing <strong>RPA</strong> in <strong>the</strong> next few years. It will be used for more than one process and <strong>is</strong> expected to<br />
manage customer-focused and external processes. There are several enterpr<strong>is</strong>es that are moving from<br />
pilots and POCs (pro<strong>of</strong> <strong>of</strong> concepts) to real production, which <strong>is</strong> why <strong>the</strong> capabilities <strong>of</strong> <strong>RPA</strong> are gaining a<br />
wider exposure.<br />
2. Artificial Intelligence (AI)<br />
While Artificial Intelligence <strong>is</strong> different from <strong>RPA</strong>, <strong>the</strong> both can’t be separated. It <strong>is</strong> believed that <strong>the</strong> next<br />
transitional phase to <strong>RPA</strong> will be AI. The next stage <strong>of</strong> <strong>RPA</strong> will move beyond rule-based technology and<br />
start to include AI aspects.<br />
3. Emergence <strong>of</strong> SPA (Smart <strong>Process</strong> <strong>Automation</strong>)<br />
SPA or Smart <strong>Process</strong> <strong>Automation</strong> <strong>is</strong> believed to be an extension <strong>of</strong> <strong>RPA</strong>. The purpose <strong>of</strong> SPA <strong>is</strong> to<br />
automate <strong>the</strong> unstructured data work that robotics <strong>is</strong> incapable <strong>of</strong> managing all by itself. SPA uses<br />
Machine Learning that <strong>is</strong> an alternative to scripting <strong>the</strong> if/<strong>the</strong>n rules. There’s a combination <strong>of</strong> machine<br />
learning, big data, AI and cloud that <strong>is</strong> used to improve processes and create models and refine models.
4. Integration with o<strong>the</strong>r tools<br />
<strong>RPA</strong> will be used along with o<strong>the</strong>r tools and technologies. More and more enterpr<strong>is</strong>es are realizing that<br />
<strong>RPA</strong> doesn’t function optimally on its own, that <strong>is</strong>, <strong>RPA</strong> can’t expand on its own. Imagine <strong>RPA</strong> to be a<br />
huge, powerful and flexible tool, which <strong>is</strong> capable <strong>of</strong> a lot <strong>of</strong> things but when combined with o<strong>the</strong>r tools.<br />
<strong>RPA</strong> when integrated with human workforce and tools will make a complete and evolved workforce.<br />
5. <strong>RPA</strong> 2.0<br />
The next big change <strong>of</strong> <strong>RPA</strong> will see more <strong>of</strong> AI, Digital Employees, Total Workforce, and Digital<br />
Transformation. The digital workforce encompasses digitally empowered employees who can contribute<br />
to innovation, creativity and collaboration. With an integration <strong>of</strong> all communication tools that<br />
employees use (email, instant messaging, social media tools, virtual meeting tools and HR Applications),<br />
<strong>the</strong> digital workplace can breakdown communication barriers and promote productivity, efficiency and<br />
innovation. It can only yield results, however, if <strong>the</strong> digital workplace strategy <strong>is</strong> implemented<br />
successfully and focuses on a cultural change.<br />
If you’re thinking <strong>of</strong> investing in <strong>RPA</strong>, you can check our page for details on our services or speak to one<br />
<strong>of</strong> our experts to d<strong>is</strong>cuss your business challenges.<br />
To read it online, please click here: https://medium.com/@ISHIRInc/robotic-process-automationpredictions-what-<strong>is</strong>-<strong>the</strong>-<strong>future</strong>-<strong>of</strong>-rpa-989ef8859409