What is RPA? A revolution in business process automation
RPA is an application of technology, governed by business logic and structured inputs, aimed at automating business processes. Using RPA tools, a company can configure software, or a “robot,” to capture and interpret applications for processing a transaction, manipulating data, triggering responses and communicating with other digital systems..
What are the benefits of RPA?
RPA provides organizations with the ability to reduce staffing costs and human error,RPA implementations, in which upwards of 15 to 20 steps may be automated, are part of a value chain known as intelligent automation (IA), points to a bank’s experience with implementing RPA, in which the bank redesigned its claims process by deploying 85 bots to run 13 processes, handling 1.5 million requests per year. The bank added capacity equivalent to more than 200 full-time employees at approximately 30 percent of the cost of recruiting more staff.
RPA is a technology that enables the automation of IT applications and highly manual, repetitive processes. Key benefits include faster processes, reduced risks and lower compliance costs.
It is clear that AI will transform our society, and if implemented correctly, RPA and ML will together empower organisations to revolutionise the way they operate. It’s just a matter of time before machines start developing truly powerful insights from everyday business processes.
The aim of Robotic process automation /AI/ML is to illustrate a complete process, enabling managers, consultants and staff to improve the flow and streamline the process.
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