Robotic Process Automation (RPA) has been emerging in top industries during the last few years. It is a set of tools which companies can use to relieve human workers of repetitive tasks. Most enterprise processes are manual, deterministic, and repetitive, and more than 70% can be automated using software robots. Processes that have greater complexity and require human judgment can also be automated by 15–20% through strong collaboration between software robots and human workers.
According to experts, RPA technology is expected to have a massive economic impact between an incredible range of $5.2 billion and $6.7 trillion by 2025.
These figures indicate that the RPA industry is poised to have a favourable impact on the economy through the product’s escalating adoption rates.
Combining the process of screen scraping, workflow automation, management, and artificial intelligence (AI) is going to play a major contribution to business efficiency.
It therefore comes as no surprise that companies across all sectors are making use of this technology.
Below are some of the industry specific use cases for RPA:
BPO
Finance & Banking
Insurance
Healthcare
Telecom
Manufacturing
Public Sector
Retail & GPC
BPA