Tuesday, June 18, 2024

5 Robotic Process Automation trends set to flourish in 2021

Since its inception, enterprises have been using Robotic Process Automation (RPA) to streamline their workflow processes. Today RPA has come a long way than most enterprise leaders would have thought.

RPA has emerged as one of the critical platforms for enterprises to accelerate their digital transformation. It has spanned over industries such as Manufacturing, Retail, BFSI, Telecommunications, and protection. However, its reach hasn’t stopped in these areas.

With its immense benefits, Robotic Process Automation is a groundbreaking technology that is set to redefine future automation.

Below are emerging trends in RPA that are set to flourish in 2021.

  • RPA- the new ERP?

Across the globe, enterprises are taking initiatives to train their employees to embrace automation. Specifically, the global system integrators (GSIs) community in alliance with audit-based organizations is taking initiatives to motivate the workforce for automation. It is the second time GSIs is doing this after taking the initiative like this with Enterprise Resource Planning (ERP) software in the 1990s. These enterprises see a huge opportunity to sell advanced technology platforms and enable their clients to gain and open new sources of income, just as they did with ERP.

  • SPA on the rise

Otherwise known as Smart Process Automation, SPA is just another extension of RPA. The generation of RPA was equipped for automating structured data. It has pre-characterized rules to carry out business operations.

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However, with further advancements and integration of machine learning platforms, SPA bots have been acting as an alternative for RPA’s ‘If-Then’ statements and rules. They permit RPA bots to take advantage of the total automation technology stack.

  • An amalgamation of Manual and Digital Efforts

The emergence of automation technologies will take most of the dreary and monotonous tasks from employees’ hands. RPA will use the modern technology stack available at its disposal, including Advanced Data, Artificial Intelligence, Analytics, Business Process Automation, Optical Character Recognition and many more. This will enable RPA to offer more robust and powerful automation.

  • The rise of Leading RPA Vendors

Today enterprises have a hard choice to make for choosing RPA vendors- all promises to streamline workflows, improve design quality as well as approaches. Thus, enterprises will have to dig deeper and comprehend the available technical nuances. This will give rise to RPA products where the vendors will fall into two available categories:

  • The ones that promise to deliver quick strategic advantage across desktop environments
  • And the ones that provide a strategic transformation across a large-scale enterprise
  • Work from Robots

As the remote working model is set to last longer, the current employment landscape is biased toward the gig-based ways of working.

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Enterprises are envisioning a future where each employee will have their robot (more specifically, a digital assistant). Experts predict that the RPA market will see a drastic change and shift toward remote working models.

2020 has acted as the catalyst for driving digital transformation. As enterprises start to embrace the new reality, RPA will be their go-to place to save expenses, drive revenue, and continually make informed decisions.

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