4 Big Things You Need To Know About The Future Of Rpa Technology

By Author: vihaan agarwal
Total Articles: 34
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In today's world, technology is evolving faster than ever. Many enterprises are using the latest innovations in IT and OT to optimize their workloads and maximize efficiency. One such technology that has sparked the interest of businesses all across the globe is Robotic Process Automation or RPA.

RPA solutions automate all tasks that are tedious, repetitive, and time-consuming. It involves the deployment of software bots that can run and operate with unmatched speed, accuracy, precision, and consistency, mimicking their human counterparts.

Ever since RPA solutions came into the picture, numerous companies have adopted this technology. According to Statista, as of 2021, the global market share for RPA is about 2 billion USD and is expected to reach around 13 billion USD by as early as 2030. A report by Deloitte shows that by 2025, about 16 percent of mundane and repetitive tasks will be performed by RPA technology.

By looking at these figures, we can see that the future of RPA solutions is indeed looking very bright. In the following article, we will discuss the four big things you should know about the ...
... future of RPA technology.

● The RPA Technology Will Grow Exponentially

RPA technology is growing at 60%, making it the fastest growing software technology vertical globally. There has been an upsurge in RPA technology adoption since the onset of the pandemic, automating interactive and low-value workloads wherever possible.

A survey by Gartner revealed that many top business executives preferred delegating the daily routine tasks to RPA technology rather than remotely working employees. The vision is aligned with the idea of fueling non-linear growth for businesses.

● RPA Solutions Are Getting Smarter

Technologies like Artificial Intelligence, Machine Learning, deductive and predictive analysis integrated with automation will make RPA solutions more intelligent. It means that with RPA, there can be an improvement in the decision-making for organizations.

Intelligent automation will also increase the number of tasks that RPA solutions can perform. Another essential benefit that enterprises will leverage by using RPA is a 30% reduction in operational overheads.

● RPA Will Also Be Useful For Financial Sectors

There are numerous applications of RPA in the financial and insurance sectors. With RPA, all the fundamental customer issues which currently require human interventions can be solved by automation. Some banks, such as India Federal Bank, utilize the RPA technology to streamline regulatory compliance operations.

● Automation For Front End Back End

Currently, the RPA technology is mainly used for the automation on the front end: the user interface (UI). The back-end automation, also called API automation, is a precisely defined application programming interface.

RPA can effectively leverage an automated front and back end, allowing enterprises to deploy more cutting-edge solutions into production.

Final Notes

There were some of the critical pointers you needed to know about the future of RPA technology. From the above explanation, we can see that RPA solutions will add more value to the businesses and increase the overall efficiency by reducing the operational cost.

Many companies are outsourcing process transformation to RPA service providers. The RPA service providers must have a team with relevant skills and experience to take advantage of this technology to its full potential. Therefore, Percipere has gathered a team of expert professionals that can offer up to par RPA solutions.

Like other enterprises, if you are also looking to use PRA technology for your business, visit Pericper to know more.