convedo Intelligent Process Automation Blog

Robotic process automation (RPA) has been heralded as “a revolution in business process automation,” enabling companies to free up their employees from tedious manual tasks and become vastly more efficient. IT research and advisory firm Gartner estimates that by 2020, 90 percent of medium and large organisations will have at least one process supported by RPA.

Robotic process automation (RPA) is the use of “robotic” software agents that can automate a variety of business activities, from analysing data to processing sales transactions. Tech market research company Forrester projects that the global RPA market will reach $2.9 billion in 2021, growing tenfold in five years.

Although industrial robots have been in operation for the better part of a century, we’re still in the early years of robotic process automation (RPA). The difference is in the application of AI in redesigning how work is done, not just putting robots in the place of human counterparts.

The bad news: 74 percent of businesses report that they spend more than one-fourth of their employees’ time on repetitive manual tasks.
The good news: RPA can help. One of the most effective tools for a company’s digital transformation, robotic process automation (RPA) uses “robotic” software agents to automate a variety of tedious, time-consuming business functions.

In the past several decades alone, innovations in machine learning and artificial intelligence have drastically altered the world as we know it. Advances in the way that computers “think” have powered everything from self-driving cars to personal assistants like Siri and Alexa.