How robotic process automation changes the world of data management
The question that most people bothers nowadays is the possible replacement they face by robots. The developments around Artificial Intelligence, Virtual Reality and Robotics are up to speed and it is just a matter of time. Companies with factories are often using robots to perform tasks and already replacing human jobs. These robots are not “the smartest” ones but it is already happening. In the world of today Robotic Process Automation is already being deployed in many different ways. How can it help your company?
What is Robotic Process Automation?
Robotic process automation (RPA) is the use of software with artificial intelligence (AI) and machine learning capabilities to handle high-volume, repeatable tasks that previously required a human to perform.
Research about Robotic Process Automation
Academic studies project that Robotic Process Automation, among other technological trends, is expected to drive a new wave of productivity and efficiency gains in the global labour market.
Although not directly attributable to Robotic Process Automation alone, Oxford University conjectures that up to 35% of all jobs may have been automated by 2035.
The difference with “normal automation”
The difference between Robotic Process Automation and traditional automation is the fact that Robotic Process Automation is able to adapt. Adapting to new circumstances, situations and exceptions. It is starts with training the “robot” in capturing the specific processes and steps in existing applications. After the training period the robot is capable of manipulating data, initiating actions and communicating. Often the tasks from the back offices with large volumes disappear when robotic process automation comes in.
There are many benefits in applying the RPA possibilities. However you have to take in mind that your architecture and environment must be ready. High quality data is a serious component for the success of RPA. Although RPA software can be expensive, the technology offers companies an alternative to outsourcing. This ultimately results in lower operating costs, decreased cycle times and increased productivity.
In my opinion this is something that we have to do in order to remain competitive advantage and the battle against inefficient processes. The disruption of the world of data management by this development comes sooner than many of us think. Prepare yourself and your company and benefit if possible!