• About Us
  • Contact Us
askRPA
  • Home
  • News
    Meta AI: Communication and Creativity Across Apps and Devices

    Meta AI: Communication and Creativity Across Apps and Devices

    Voice & Image Capabilities: ChatGPT’s Exciting New Capabilities

    Voice & Image Capabilities: ChatGPT’s Exciting New Capabilities

    Anthropic, Claude Chatbot’s Makers, Secure Multibillion-Dollar Investment from Amazon

    Anthropic, Claude Chatbot’s Makers, Secure Multibillion-Dollar Investment from Amazon

    DALL·E 3 by OpenAI: The Creative Text-to-Image AI

    DALL·E 3 by OpenAI: The Creative Text-to-Image AI

    Alexa’s New Generative AI Capabilities & The Future of AI Assistants

    Alexa’s New Generative AI Capabilities & The Future of AI Assistants

  • Case Studies
    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

  • Blogs
    Explainable AI: A Welcome Clarity Amidst AI Complexity

    Explainable AI: A Welcome Clarity Amidst AI Complexity

    The right automation software can revolutionize how a business operates, but selecting the best solution can be daunting.

    A Guide to Choosing the Best Automation Software for Your Business

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    Collaborative Intelligent Automation (IA): Harnessing AI and Robotics Together

    Collaborative Intelligent Automation (IA): Harnessing AI and Robotics Together

    Generative AI: Exploring Google Bard and ChatGPT

    Generative AI: Exploring Google Bard and ChatGPT

  • IA Congress – November 2023 Chennai, India
  • Events
    • Intelligent Automation Congress – November 2023 Chennai, India
    • 6th International Intelligent Automation Congress
No Result
View All Result
askRPA
  • Home
  • News
    Meta AI: Communication and Creativity Across Apps and Devices

    Meta AI: Communication and Creativity Across Apps and Devices

    Voice & Image Capabilities: ChatGPT’s Exciting New Capabilities

    Voice & Image Capabilities: ChatGPT’s Exciting New Capabilities

    Anthropic, Claude Chatbot’s Makers, Secure Multibillion-Dollar Investment from Amazon

    Anthropic, Claude Chatbot’s Makers, Secure Multibillion-Dollar Investment from Amazon

    DALL·E 3 by OpenAI: The Creative Text-to-Image AI

    DALL·E 3 by OpenAI: The Creative Text-to-Image AI

    Alexa’s New Generative AI Capabilities & The Future of AI Assistants

    Alexa’s New Generative AI Capabilities & The Future of AI Assistants

  • Case Studies
    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Santander Consumer Bank Leverages Robotic Process Automation (RPA) to Save $2M on Systems Migration

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Robotic Process Automation (RPA) Empowers R1 RCM to Successfully Automate More Than 15M Tasks

    Dai-ichi Life Insurance Reports that They Saved Over 132000 Hours with Robotic Process Automation (RPA)

  • Blogs
    Explainable AI: A Welcome Clarity Amidst AI Complexity

    Explainable AI: A Welcome Clarity Amidst AI Complexity

    The right automation software can revolutionize how a business operates, but selecting the best solution can be daunting.

    A Guide to Choosing the Best Automation Software for Your Business

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    Collaborative Intelligent Automation (IA): Harnessing AI and Robotics Together

    Collaborative Intelligent Automation (IA): Harnessing AI and Robotics Together

    Generative AI: Exploring Google Bard and ChatGPT

    Generative AI: Exploring Google Bard and ChatGPT

  • IA Congress – November 2023 Chennai, India
  • Events
    • Intelligent Automation Congress – November 2023 Chennai, India
    • 6th International Intelligent Automation Congress
No Result
View All Result
askRPA
No Result
View All Result
Trending

Is RPA dead? What does the future have in store for Robotic Process Automation?

September 26, 2022
Home Blogs
Share on LinkedInShare on FacebookShare on WhatsApp

The debate around the future of Robotic Process Automation (RPA) has two good sides. One strongly argues that the technology has seen better days, and its market is saturated. The other side claims it is yet to see the best of its days and is readying to take off. There is no one correct argument on this topic since your impression of automation depends on your industry and requirements.

The market for the technology is growing at a remarkable rate. RPA sales are expected to reach $2.9 billion by 2022, putting the growth rate at 19.5%. The CAGR is expected to grow at a rate of 28.3%, taking the market value to $32.7 billion by 2030. Now that we know the market for RPA is increasing let us get to the actual question. Is the technology dead?

The short answer is no. The long answer is, to correctly answer this question, we must understand what RPA means now. Sticking to its core definition might make RPA appear like a saturated technology with no room for growth. The technology evolved from a simplistic tool that follows the rules and executes repetitive tasks that humans are tired of. It can now read emails, solve queries for customers, and process documents.

RPA’s journey is appreciable, and the technology made a few friends along the way. The success of automation made companies realize the need for automation in more critical and complex business processes. Of course, Robotic Process Automation alone cannot deal with complex processes. But leveraging and combining it with Artificial Intelligence (AI) got them what they needed. Technologies like Machine Learning (ML), Natural Language Processing (NLP) combined with RPA brought about a new technology called Intelligent Automation. New concepts and technologies like composable enterprises, semantic automation, and cognitive automation keep emerging, trying to increase efficiency with automation.

All of this only makes it certain that the RPA industry will experience a lot of change in the future. As more people appreciate automation’s benefits, more will be needed to transform new processes digitally. For example, driving changes in any department by extracting information from unstructured data seemed beyond the scope of automation. But by combining RPA with AI, we can avail data, categorize it and process the information. Through this, businesses can gain valuable insights into many departments in a company, especially a customer service and experience. Using RPA with big data analytics can render deep insights to identify gaps and suggest improvements in operations.

The moral of the story is that RPA does not mean what it meant ten years ago. It is and will always be a requirement in any company. Worst case scenario, we can expect the technology to reach a point where it is outdated. That does not mean businesses will run out of the need for it. It will exist as a part of a company’s processes, freeing employees to solve problems that need human intelligence.

Tags: FutureRPA
Next Post
The need for Intelligent Automation (IA) and the case of Capgemini Intelligent  Automation Platform (CIAP)

The need for Intelligent Automation (IA) and the case of Capgemini Intelligent Automation Platform (CIAP)

    Interested in learning what Automation Solutions can do for your organization?

    We're here to help.

    Subscribe.

    Join askRPA’s weekly Automation Newsletter direct to your Inbox, Sign up now.

    Recommended.

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    Cobots: Unleashing Manufacturing Excellence with Collaborative Robotics

    June 25, 2023
    Automation Anywhere Collaborates with Google Cloud and AWS to Boost Intelligent Automation with Generative AI

    Automation Anywhere Collaborates with Google Cloud and AWS to Boost Intelligent Automation with Generative AI

    June 1, 2023
    askRPA

    askRPA is the portal to connect with RPA Geeks and for Latest Automation News, Event and Case Studies etc.

    Follow Us

    Usefull Links

    • About Us
    • Terms and conditions
    • Privacy Policy
    • Contact us

    Tags

    AI Artificial Intelligence askRPA Autoamtion News AutomatePro Automation Automation Anywhere automation news Automation Report Automation Technologies Automation Trends Celonis ChatGPT Cloud Computing CMO data Digital Transformation Entertainment Forrester Gartner Gartner Predictions Gartner Report IA IDP Intelligent Automation Intelligent Automation Congress IoT Low-code development Low-code technologies Low Code Marketing Microsoft Natural Language Processing NLP OpenBots Orica Process Mining Robotic Process Automation Roboyo RPA Salesforce Technology News Turing Bots TuringBots UiPath

    Recent News

    Meta AI: Communication and Creativity Across Apps and Devices

    Meta AI: Communication and Creativity Across Apps and Devices

    September 28, 2023

    © 2022 askRPA - Connect Discover Automate

    • Home
    • News
    • Case Studies
    • Blogs
    • IA Congress – November 2023 Chennai, India
    • Events
      • Intelligent Automation Congress – November 2023 Chennai, India
      • 6th International Intelligent Automation Congress

    © 2022 askRPA - Connect Discover Automate