#rpausecases

Money laundering and fraud activities usually take place under the garb of initiating trade. RPA & AI/ML help in continuous monitoring of BFSI activities.

Robotic process automation has come a long way from being used for screen scraping and workflow automation to providing modern business with intelligent automation of more processes than we can think of. There are more use cases of RPA than we had ever imagined. Industries like finance, utilities, IT, training and recruitment, and even health, have been taking advantage of RPA, so much so, that it is becoming the a stable in enterprise workplaces.

As per a report by Grand View Research, by 2025, the worth of the RPA market is projected to grow over 3 billion US dollars. As an increasing variety of industries and an increasing number of business adopt RPA, it does seem very likely that it is the way the enterprise workplaces will operate in future.

Is Robotic Process Automation Ready to Replace Humans?

The answer to this question in one word - NO! As much as we may think that the innovations that the robotic process automation companies are making are en route to replace humans, it is simply aiding humans do more more with less fatigue and errors and in a lesser amount of time. RPA tools do work on a fixed set of rules that necessitate no human intervention, the truth is that not 100% process can be automated. RPA is automating parts of jobs that are, in fact, donkey’s work. For applying the brain and making critical decisions, and to even run these tools, humans are the ones that will always be needs. They will always be needed for using their discretion.

So, How is RPA Defining the Future of the Enterprise Workplace?

Processes like meetings, emails, report generation, customer query responses, reminders, calendar schedules, database management, managing human resource recruitment, and so much more is what RPA is doing. In fact, if you have a great robotic process automation vendor, you may have automated more than 60% of your processes now, leading to substantial cuts in the time taken in doing those tasks and the error rate in the accomplishment of these tasks.

You could actually be busy in a meeting for hours at end your processes can still go uninterrupted as they should. That is what the future of an enterprise workplace looks with robotic process automation tools.

Evident Benefits that Workplaces will Reap

Work efficiency, accuracy, lesser downtime, lower error rate, and time efficiency are some of the evident benefits that RPA offers. However, if these tools are powered with smart technologies like Internet of Things and Artificial Intelligence, the capabilities that these tools serve as of now will improve manifold, thus making the enterprise operations ever smarter.

Is Your Enterprise Workplace Prepared for the Revolution?

Robotic process automation in India is a newer phenomenon and so the acceptance is coming in only slowly but gradually. The fact is that RPA is soon going to be a necessity for businesses to stay in business.