Automate high-volume, repeatable tasks.
Focus on high-value,customer-centric work.
RPA – a revolutionary solution for intelligent automation
Demystifying RPA
Robotic Process Automation has been disrupting industries with its substantial ability to automate the high-volume repetitive tasks over the past few years. When mundane tasks are automated, human employees can make more room in their schedule for creative value-added tasks. This way, RPA enables humans and machines to do what they do best. Research suggests that RPA implementations improve productivity by 27% and compliance by 38%, resulting in a minimum ROI of 2X. As a result, 58% of the organizations have already kickstarted their RPA journey and the technology expects a global adoption in the next 5 years. This explains why the global RPA market is growing at a whopping CAGR of 33.6% and is expected to hit $11 Billion by 2027.
Building an RPA Strategy
Organizations are shifting towards automating repetitive and tedious processes through Robotic Process Automation (RPA), thus enabling employees to concentrate on more cognitive activities. AI, ML, NLP, and OCR are transforming deterministic rule-based automation into Intelligent Automation where the process of deciding the areas to be automated is itself being automated. Thanks to Augmented Analytics. Organizations have realized that implementing an end-to-end automation solution involves leveraging the appropriate technologies and requires the inclusion of tools, process workflows, and underlying data. When pieced together without sufficient process mining, these implementations can result in negative ROI. So, it is critical to understand the dos and don’ts of building an RPA strategy before diving into the automation vogue.
The Six Step RPA Framework
While there are differing opinions on “the right RPA strategy framework”, there is no right or wrong answer to it as the concept is subjective to each business. To thrive in a company-wide RPA operating model, it should inevitably align with your unique business model and the digital strategy. Strategically defining a model sets the framework for potential automation developments by building a stable base, incorporating main factors such as strong governance, standardized procedures, and effective communications. In addition, the preparation process helps you to study the effects that your RPA approach is likely to have on your organization before even implementing it. Below, we discuss six steps that comprehensively cover the aforementioned processes that are critical to enterprise-wide RPA planning.
