![]() ![]() most large non-tech companies still rely on legacy systems.OCR, NLP, text analytics) to understand process development and replicate it.Ĭompanies are excited about RPA solutions because: AI-enabled bots, also known as cognitive RPA, which do not necessarily need rules, instead they use AI algorithms (e.g.if new email arrives, then download attachment) Rule-based bots which leverage screen scraping to perform pre-built tasks according to if-then rules (e.g.However, to be more specific, there are currently 2 main types of RPA: Fundamentals of RPAĪccording to Wikipedia RPA is an emerging form of clerical process automation technology based on the notion of software robots or artificial intelligence (AI) workers. However, a typical rules-based process can be 70%-80% automated by using RPA software so that employees can shift their focus to more value-added tasks. On a typical workday, employees spend 10%-25% of their time on repetitive computer tasks that reduce the productivity of workers. RPA bots can eliminate/ minimize the need for human labor in rules-based tasks and achieve high levels of ROI (RPA investment has a 9-12 months payback period). With increasing competition between businesses and growing interest in digital transformation, boosting your company’s productivity is becoming more important than ever. ![]() The global robotic process automation (RPA) market was already valued at $1.40 billion in 2019 and is expected to reach $11 billion by 2027, growing at a CAGR of 34% from 2020 to 2027. ![]()
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