Hello to all my dear friends!
In this post, I’ll talk about Robotics Process Automation. In short RPA.
What is Robotics Process Automation?
It is the use of easily programmable software that takes care of highly repetitive and high volume tasks. For example, a banker has to copy data from one system to another and it can take 7-8 hours in a week. So this task can be done via RPA thereby saving time, more reliable and the banker can focus on more creative work.
Benefits of Robotics Process Automation
Now I will talk about the benefits of RPA:
- It works 24×7 and 365 days a year
- They never get sick and never take off like human. Of course a machine can broke but that will be minimal in a year.
- It offers far more accuracy than manual entries. There can be less than 0.1% error rate.
- It offers far more speed to get the same job done
- It has inherent tracking of metrics for compliance, monitoring
- These are infinitely scalable
- It frees up humans from repetitive tasks and humans can focus on more creative work
- It offers massive cost savings by reducing manual labor
Real Life Use Cases
- An e-commerce company using RPA to automate it’s identify theft product. Customers registering for a product and systems were doing this instead of manual workers.
- An Australian energy company automated their billing process
- UK bank to automate 10 different processes
- Health company in UK to patient check-in
- A logistics company employed RPA to automate billing and other processes