The Past and Future of Robotic Process Automation

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The Past and Future of Robotic Process Automation


As technology is advancing day by day and many inventions are creating revolutions.The growth of RPA is happening quickly, and RPA is poised to grow into one of the leading technological platforms and is expected to become a standard for positive business outcomes and performance.Robotic Process Automation is one of the most exciting developments in Business Process Management (BPM) in recent history. RPA is the maturity of both technology as well as the business processes it is applied to. The market for RPA is advancing rapidly—and widespread adoption of robotic automation could radically reshape the BPM marketplace. In my view, this transformation will be driven by a pursuit of five outcomes:

Cost reduction
Efficiency
Accuracy
Improved audit and regulatory compliance
Ease of change management: Robots preserve application and data integrity by leveraging the existing application presentation layer and re-using existing application logic, databases and validation without deep understanding and re-engineering.

The days of cognitive automation are on the horizon. Computer robots are already able to automate simple, repetitive processes, and through the combination of RPA with these intelligent platforms, they will soon be able to improve their own performance and make complex decisions with little intervention or programming.

Future Of Robotics Process Automation {RPA}

The development of RPA technologies has already come a long way from the days of simple screen scraping, and RPA continues to transform how many companies approach their business activities, especially when it comes to scaling and streamlining processes. It’s a superior technology that has made it’s way to the forefront for the benefits it provides and the ease at which these benefits can be obtained. Yet, the market is expected to continue to evolve even further and more innovative RPA solutions are predicted to emerge.

Industry analysts expect the combination of RPA solutions with even more intelligent technologies has great potential for widespread adoption across all industries. Machine learning and cognitive computing , for example, are technologies that involve learning on the part of the computer or software beyond their initial programming, much like a human would respond in similar scenarios. These platforms are able to deal with unforeseen errors and exceptions in a business process, learning from and adapting based on previous actions and experiences. Unlike traditional automation, they are able to apply judgement and creativity to their work, which will essentially allow companies automate enhanced visibility, transparency, communication, and collaboration across their value chain.  

With the addition of RPA to increase speed and provide process automation support, the journey of machine learning and the development of even more intelligent technology will only be rapidly accelerated. The days of cognitive automation are on the horizon. Computer robots are already able to automate simple, repetitive processes, and through the combination of RPA with these intelligent platforms, they will soon be able to improve their own performance and make complex decisions with little intervention or programming. This has the potential to make companies more agile and responsive, which is crucial in today’s increasingly global and complex marketplaces.

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