Robotic Process Automation (RPA) has seen incredible growth over the years, and for a good reason. Automation has already proved itself to be more profitable and reliable. It is no surprise that many companies and businesses reported being happy with their choice to take a step towards automation. A recent survey conducted by Robocorp revealed that a staggering 81% of the respondents are increasing the level of automation in their processes in the coming year and, thereby, their investments in RPA.
It is no secret that no matter the scale, a lot of companies have been struggling to manage the attrition rates of their employees. The human workforce that used to handle more menial and repetitive tasks is looking for opportunities elsewhere so that they can find more fulfilling jobs. If a company is still looking for employees that will be happy to turn up for a job that needs them to do the same thing over and over again, every day of the week, they might be running out of luck.
RPA has more tricks up its sleeves, and companies are discovering more and more of them. In addition to leveraging boring tasks to automation, that’s not all companies are getting out of automating their operations. The best value additions by RPA are the reduction in the amount of time taken to get tasks done, assignment of more humane tasks to the human workforce as repetitive tasks are automated, and increased accuracy of the tasks. RPA has proven once and again that it comes with a multitude of benefits that are sure to make anyone stop and wonder how much easier it would be to integrate automation into their day-to-day activities.
What the Next Generation of RPA has in Store:
For those who have already tried and tasted the results of RPA integration, the results have been astounding, but not without a few hurdles. Even though RPA allows you to keep up with the fluctuating consumer demand and the ever-evolving technological marketplace, it also requires you to be just that, ever-evolving. The first generation of RPA is truly revolutionary, but just like everything else, it also needs to be updated to keep up. Ninety percent of the time, bots get their work done. But when they are broken down, the time taken to repair them can be long. Most of the companies who reported these issues are hoping to fix them by investing more and updating to the next generation of RPA bots that are relatively more reliable and open source technology.
The same was confirmed by the results of the survey when 56% of the respondents reported that they would surely benefit from an open-source technology. This is especially optimistic as the majority as much as 81% of the respondents reported that their existing technology is only half or less than half open-source. The above numbers indeed depict a trend where companies are recognizing the need to upgrade to RPA for better results, and the existing users are surely looking to invest more so that they can make the best of updated technology and keep up with the global marketplace.
