All the Robotic Process Automation (RPA) Stats You Need to Know

Robotic Process Automation

Robotic process automation (which is commonly referred to as RPA) is bringing significant changes to the way we work. With the assistance of RPA, the workflow can be streamlined more efficiently; by automating boring and repetitive tasks, human workers can focus more on tasks that are highly valued. With that being said, let’s take a look at the key stats you need to know about RPA.

  1. The way it automates your business

It is no secret that RPA is gradually becoming a norm to automate various tasks related to accounting and IT. With the assistance of RPA, you will be able to smoothen up the overall operation pretty easily. The power of the technology will significantly minimize the potential human errors. RPA enables you to automate pretty much all the rule-bases tasks no matter if they are front office tasks or otherwise. In fact, recent advancements in aspects like artificial intelligence have made a huge difference to RPA.

This new technology assists organizations to cut down costs, improve the overall efficiency, maximize the preciseness of the work they do and eventually to provide an exceptional customer service. Practically, you can automate over 75% of the rules-based processes without needing to do excessive recruitments or outsourcing.

  1. Cutting down the waste of human hours

Roughly, more than 15% of precious human hours are wasted on various repetitive tasks that are incredibly boring. This is a significant waste of time; those valuable human hours can be easily utilized to perform more responsible tasks that require human attention. By automating these tasks, the respective organization can cut down those under-utilized hours. In simplest terms, RPA is a significantly effective way of cutting down the waste of human hours. Here are some tasks a business can automate using RPA and make the best use of their human hours.

  • Management of records and documentation tasks
  • Invoicing and booking
  • Tasks related to customer relationship management
  • Tasks related to HR department and IT department
  1. What would be the future of RPA?

As we can clearly see, the future of RPA is really bright. The advancements of this respective concept are happening at an incredible speed with the assistance of machine learning and artificial intelligence. So, by about 2025, companies across the globe are likely to save about 7 trillion USD by implementing RPA. In the future, RPA systems will be able to perform more complex tasks without the assistance and supervision of humans.

As of today, RPA is widely utilized in fields such as healthcare, telecommunications, retail and many other industries. Apart from that, this concept is gaining popularity in industries like logistic.

As we clearly witness, RPA has come a long way and it is only likely to reach incredible heights in the near future. Thanks to the unimaginable advancements in the technology, the potentials of RPA will make many companies thrive regardless of the scale, industry and geographical location.

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Umar Bajwa is a digital marketer by profession and a blogger by passion. He thrives on staying updated on topics related to the Business, Finance and HR realm.