Trends in Robotic Process Automation for 2021!

In the last few years, many big companies have invested in some sort of process automation with a thought to bring transformations in the operation and other processes.

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A report from Gartner, predicts that the estimated revenue of global Robotic Process Automation is forecasted to reach approximately 1.89 Billion Dollars by the end of the year 2021.

Robotic Process Automation allows the configuration of digital workers for the capturing and interpretation of tasks that are already available on the pre-existing applications. This includes transformation, manipulation, or integration of data with various other digital systems that are responsible for triggering responses.

In general terms, RPA is the automation of high-volume tasks that need to be performed repeatedly and also require human hands to operate. For RPA, the most optimal use these days is to set the workers free from the repetitive and boring routine tasks, so that they can focus on other higher-value tasks.

The tasks that are repetitive, recurring, rule-based, and prone to human errors are the main and ideal targets for automation through various Robotic Process Automation tools. When talking about RPA-powered smart bots, they are free from performing any kind of human errors with the ability to mimic the actions of the users and drive efficiently.

Robotic Process Automation Adoption - The Acceleration

The times of the pandemic that the world faced have increased the need for automation in big firms. Previously, these firms used to execute transformational approaches for switching on to any kind of remote work with more productivity. Furthermore, RPA also accelerates the integrating potentials with smart automation capabilities like AI.

Robotic Process Automation Adoption - The Benefits

The Big players that have already adopted the RPA culture are reaping the benefits like increased productivity with enhanced efficiency. A notable benefit is also observed with improved retention rates of employees and reduced demand for additional human resources. The need for heavy training that was to be provided to the newly joined employees has also reduced.

Some additional benefits of RPA are -

  • Improved quality of services

  • Low costs

  • Improved analytics and reporting

  • Enhanced employee experience and engagements

  • Better security and compliance

  • Increased agility

  • Reduced implementation time and cost

Robotic Process Automation Tools - Features

The field of RPA is very vast and a variety of Robotic Process Automation tools are available in the market. The offerings of these tools are very diverse. Despite variations, these tools have some features in common - 

  • Security

  • Rich-analytical suite

  • Hosting and deployment

  • Bot creation

  • Sourcing control

  • Debugging

  • Rule-based Exception Handling

  • Seamless integration

  • Optical character recognition

Robotic Process Automation - Trends for 2021

In the current scenario, RPA is gaining continuous momentum in the industries. There are several trends to watch out for in 2021. Some of them are discussed below-

1. Prioritizing of the Manual Workflows

After this, the companies can be innovative and move faster consistently. These types of automation allow innovative minds to spare some time focusing on the processes with higher impacts that would turn out to be more valuable and keep the business running.

2. Artificial intelligence and RPA

AI-powered smart and intelligent technologies like ML algorithms, OCRs, NLPs, etc. when integrated with some smart automation platforms, empower the citizen developers in the achievement of digital workflows for uplifting productivity and accelerating work to a new level.

3. Citizen Developers

These are the non-technical users who create very simple automation tools, specifically for their departments. Citizen developers are an essential help for scale technologies inside the companies. Very opposite to the designations, these developers are not into development or coding. In order to transform business-critical processes, these developers would be a great help for the big IT leaders.

4. Next-level Processings

At present, Robotic Process Automation is accelerating by leaps and bounds through instant automation of routine tasks that appear to be boring when repetition occurs. The big IT leaders are optimistic about process automation and integrate it with various complementary technologies like documentation intelligence, process coordination, etc.

5. Data Privacy - a bigger concern

RPA and data privacy are related closely to each other as the implementation of process automation gives access to all your data. When embedded with the system, mining and movement of data across other systems gets easy and automated with RPA, and this increases the risk of privacy breaches. RPA is a function of usage expansion but it also is a function of increase in deployment of new technologies like data mining and intelligence, by the big players.

6. Connected Ecosystems

The digital transformations are being driven by the implementation of smartly automated platforms. With these intelligent platforms, it will be possible for the big firms to take a step further in the creation of ecosystems of varied technologies and applications. This will help the team to have effortless access to a network that consists of pre-built connectors and related solutions.

Robotic Process Automation - Getting to the next level

Hyper-automation is known to be more sophisticated, faster, and intelligent than RPA. It has been a very popular and trending word currently in the automation industry and is a whole new version of RPA.

By leveraging the above-mentioned RPA trends, hyper-automation enables companies to process huge volumes of data for the optimization of business processes. The processes of integration, monitoring, and management, boosting productivity with efficiency, DevOps, and other end-to-end operations can also be automated using hyper-automation.

We at Consagous Technologies, boost the workflows of automation and bring you the best RPA solutions and various other automation solutions to our valuable clients. Our wide range of expertise allows us to provide our clients with the top RPA tools providing the benefits of automation of tedious tasks.

Our automation services professionals and developers with excellence in AI, smart process planning, and RPA itself. Connect us today to get more detailed information about the implementation of intelligent automation solutions like RPA in your organization.

Original Source:

https://www.consagous.co/blog/trends-in-robotic-process-automation-for-2021

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