RPA (Robotic Process Automation) is a growing technology and has the machine learning capabilities to handle repeatable, high-volume, process-oriented tasks that previously required a human to perform.
- Efficiency
- Accuracy
- Speed
- Higher Quality
- Lower Cost
These are the key benchmarks by which enterprise IT has been measured since the earliest days of its existence. These outcomes have always been achieved by some combination of man and machine, but with advances in cloud and digital technology, the balance is shifting away from human labor and moving toward technology-driven solutions.
It is very evident that the rise of Robotic Process Automation (RPA) checks each of these boxes. Software robots are increasingly performing important and tedious tasks that have traditionally been done by humans:
- Learn and Adapt work processes,
- Handle Data
- Communicating between different application/systems,
- Processing Records
- Recording Transactions
Not surprisingly, Adaption of RPA can do such tasks at a fraction of the cost of FTE equivalents, with significant improvement in Availability, quality and reliability. In fact, one of the researches shows that in health care industry, one RPA bot which can be procured at a cost of $10,000 -$15,000 can process claims at the rate of 5-10 humans working full-time.
RPA surely allows enterprises to dramatically reengineer and improve key processes.
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