convedo Intelligent Process Automation Blog

Companies large and small are focusing on “digitally transforming” their business, and few such technologies have been as influential as robotic process automation (RPA). According to consulting firm McKinsey & Company, organisations that implement RPA can see a return on investment of 30 to 200 percent in the first year alone.

According to consulting firm McKinsey & Company, roughly 37 percent of business processes have been digitized. While there remains a great deal of progress to be made, these efforts are a major part of companies' attempts to "digitally transform" their business and become more effective and productive as a result.

For those organisations that are in the know, robotic process automation (RPA) is already cutting costs and having a major impact on their efforts at digital transformation. Professional services firm pwc estimates that automating work activities could save up to $2 trillion worldwide.

Technology is the new currency of the 21st century. Organizations large and small are seeking to leverage technology in order to improve their business processes and make smarter decisions. Visions of digital transformation have launched a technological "arms race" between companies searching for key differentiators to give them a leg up on their competitors.

Like machines in industrial factories in the previous decades, robots have the potential to dramatically change business workflows in the coming years. Robotic process automation (RPA) refers to "robotic" software that can automate a variety of business processes throughout the enterprise.