In 2019 Robotic Process Automation (RPA) is increasingly capturing the attention of many industries around the world. It is estimated that the global RPA industry was worth approximately $1.7 billion in 2018. Industry analysts Horsesforsources, estimate that the industry is expected to be worth $4.3 billion by 2022. In a report by Deloitte, 53% of the responding organizations had already started their RPA journeys in 2017. The authors of the study also suggest there may be near-complete adoption by all companies in some form by 2022. Have you started your RPA journey yet?
The Reasons for the Growth of RPA Popularity
Why has RPA been so readily adopted? Some of the biggest advantages of RPA include immediate results like cost savings of up to 30%, increased employee focus on core tasks, better customer satisfaction, better employee satisfaction, reduced human error and improved internal process that are agile. One of the other biggest drivers of RPA growth is that it does not require you to install or purchase new systems, but instead control them through software bots that can mimic human behavior.
Why is RPA the Easiest Gateway into Digital Transformation?
1). RPA drives organizational change
RPA works on existing systems which is a huge driver in the growth of RPA adoption. However, there’s a catch here. While RPA can be implemented on legacy systems, and can show results that are good, this can also be construed as the reason why many companies have not yet been able to fully realize the potential of RPA. It is estimated that most companies only deploy 50 or fewer software bots as an implementation of RPA.
There is a very good argument for this. Not all processes should be automated, even if they can. However, more processes can be automated if your internal processes are built on a solid foundation like Agile. Agile companies can derive much more from RPA than companies implementing RPA in a vacuum. So, not only does RPA have the potential to drive internal change but also the organizational work culture as a whole.
2). RPA increases efficiency
Humans have inefficiencies. Machines, not so much. But humans can innovate better than machines. In fact, machines are creations of humans. So how do you take advantage of that? Companies that are the most successful with RPA implementation are not companies that use RPA to downsize their workforce, but ones that use RPA bots to assist their human employees. These employees are allowed to focus more on core activities for your business and promote innovation.
RPA has the power to improve your organization. With advances in Artificial Intelligence and Machine Learning, RPA innovators are helping companies be more efficient. ProV is a global IT services delivery organization that provides high-end technologies that help you run a business easier and more cost-efficient. Our RPA services include RPA strategy, RPA proof of value, RPA business case development, RPA production roll-out, and RPA managed services.
ProV helps companies improve services by connecting their existing systems to the right technologies, that increase speed and efficiency and pave the way for your digital transformation. To learn more about how ProV can help streamline your processes with RPA, or for pricing details, drop a comment below or contact us today.
