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Robotic Process Automation – A Boon or a Bane?

Robotic Process Automation, or RPA, is a technology that is automating occupations, much like AI and Machine Learning. RPA refers to the use of software to automate business operations, including application interpretation, transaction processing, data handling, and even email answering. RPA automates routine processes that previously required human labour. Robotic process automation (RPA) software bots can interact with any application or system in the same way that people do, with the exception that RPA bots can work continuously, nonstop, far more quickly, and with 100% accuracy and reliability.

What can RPA do for me?

Robotic process automation (RPA) bots are equipped with far more digital skills than people. Consider RPA bots as a digital workforce that can communicate with any application or system. Bots can do a variety of tasks, such as copy-paste, web data scraping, calculations, file opening and moving, email parsing, programme logins, API connections, and unstructured data extraction. Additionally, there is no need to modify current corporate systems, apps, or processes to automate because bots may adapt to any interface or workflow.

Where is RPA being used?

RPA is effectively being incorporated in the following fields:

Insurance- Apply the potential of robotic process automation and artificial intelligence (RPA+AI) in insurance to the most routine yet complicated tasks, from underwriting to customer support.

Banking- Banks and financial services firms can transform manual, data-intensive activities through intelligent automation while still adhering to strict, dynamic regulatory standards.

Healthcare- Rapidly accelerating fundamental digital revolution in healthcare has been sparked by the ongoing public health emergency. The ability to quickly adapt across the care delivery value chain, from patient experience to revenue cycle management, claims processing, and analytics, is made possible by AI-powered RPA, which enables healthcare organisations to respond while delivering efficiency and cost savings.

Manufacturing- Leading manufacturers are automating back-office and operational procedures to reduce inefficiency and boost agility, as well as to lower costs, shorten time to market, and foster innovation.

Aside from easing the lives of people and businesses, RPA is sure to bring both benefits and drawbacks. While RPA automation can threaten people’s livelihoods, it is also creating new opportunities. RPA offers a wide range of job prospects, including those for developers, project managers, business analysts, solution architects, and consultants.