What Do You know About Robotic Process Automation?

I visited a manufacturing company recently and found some of the Fanuc Robots used for a variety of purposes (I hope you must have heard about it. It is very common to use it nowadays by any manufacturing industry). It made me excited to explore Robotic Process Automation, which I am going to explain you in brief here.

The topics that I will be covering in this article are:

What is Robotic Process Automation?
Why it is used?
And what are those companies which are providing Robotic Process Automation technology?

Let's Begin With Understanding Each One Of Them

A Robotic Process Automation or simply RPA is nothing but using Robots or Bots driven by Artificial Intelligence or machine learning to help achieve the repeated business operations in the absence of humans to do the same. In an RPA you will encounter Robots doing repetitive tasks or Bots responding to queries or maintaining databases in systems for achieving targets of the company. An RPA uses Artificial Intelligence and Machine learning for, which make it worthwhile to use by any business entity.

There are many ways industries which are getting benefitted from RPA. Business process outsourcing (BPO), Healthcare, Manufacturing, Insurance are some of those. There are many ways by which using an RPA in business is helpful.

Some of the benefits that a business receives from RPA are:

It cuts down the labor costs of the company by getting engaged with the business operations of the company, which otherwise needs a human to operate the same.
A company deploying robots for doing its repetitive tasks analyze a significant increase in the productivity of the company. It is by the reason of Deploying robots to do repetitive tasks and allowing humans to engage in productive ones.
While there are many views about increasing unemployment by deploying robots, there are positives views too of working with robots which most of the industry feels. According to them, Deploying a robot increases the opportunities of humans to get employed for the management and functionality issues of the robots deployed.
An RPA help fastens your business operations, which otherwise takes more time with humans. Machines are obviously faster than humans.
An RPA could effectively increase your customer satisfaction and interaction. Just think of a Bot to answer all of your general customer queries instead of a human performing the same. While your employee will find boring to repeat the same task over and over again, a bot will actually help you in maintaining the same (the issue of boredness obviously does not exist with machines)
The accuracy of an RPA bot is naturally higher than a human working on the same work. This makes RPA bots preferable.
The best thing about RPA bots is that they are available anytime and too with the same pitch, which appeals to customers. Having an RPA bot will actually make you competitive among your competitors when your competitors are using the same old methods. It will allow you to move faster in this technological world.

Here are some of the RPA companies which offer Robotics solutions to Business companies:

Automation Anywhere
Ui Path
Blue prism
Pegasystems
Automation Edge

Source: HOB

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