Anyone working in the technology world needs to keep their finger on the pulse of the industry. This includes staying abreast of the latest innovations set to make a significant impact over the next few years. Ultimately, this knowledge plays a key role in building a successful career or technology business.
For example, Robotic Process Automation (RPA) offers the potential to transform the entire business world by handling repetitive tasks performed by humans. As such, expect RPA technology to take the current digital transformation into overdrive. It’s the major reason the RPA sector is growing at a massive 60.5 percent compound annual growth rate. Let’s take a closer look.
A Closer Look at Robotic Process Automation
At its core, RPA involves using software-based robots emulating the actions of humans performing mundane tasks on digital systems. These robots are able to use software applications, including reading screens, entering keystrokes, in addition to navigating the app. Obviously, this automated approach results in higher rates of velocity and accuracy.
One RPA use case involves the automated analyzing of résumés, allowing HR teams to focus on more important work. They leverage the extra time to ultimately make a better hiring decision between candidates. Ultimately, the goal isn’t necessarily to replace human workers. Instead, RPA allows employees to spend their time more effectively.
The Business Benefits of RPA Abound
Not surprisingly, businesses in most industry sectors enjoy many significant benefits from the use of RPA. As noted earlier, this is the main for the massive growth within this tech sector. Notably, the improved business process efficiency matches other areas in the industry increasingly using other types of automation.
Additionally, RPA technology is generally non-invasive. This makes it relatively easy to implement on older legacy systems without APIs or databases. That feature alone makes RPA exceedingly popular among enterprises in the financial, insurance, and banking sectors.
Other benefits include a significant reduction in manual errors and high scalability to handle peak workloads. The robotic-driven boost in productivity allows employees to focus more on strategic work, as noted earlier. Expect significant cost savings as well. A recent survey noted 63 percent of business executives feel RPA greatly contributes to their company’s digital transformation efforts.
Ultimately, if your organization isn’t benefiting from RPA, assume your competition is. In short, explore this latest technology before it’s too late. The future of IT is now.
If your company is interested in implementing RPA, reach out to Technology Partners. As one of the top IT staffing agencies in St. Louis, we provide candidates experienced in RPA and more. Schedule a meeting with us as soon as possible.