Increasingly companies are resorting to new technologies like RPA to simplify corporate processes and decrease expenses. With RPA, companies may automate world-class business processes that let corporate users interact more efficiently with customers or devote more time and resources to other higher-value jobs. Some consider RPA to be a stopover towards innovative mechanization using Machine Learning and AI technologies that can be programmed to evaluate future outcomes.
RPA Progression at present and what to expect in the future
Over the past decade, the use of automation tools relevant to robotic process automation solutions and services has increased. If nothing else, the pandemic motivated businesses to automate all their processes – particularly the repetitive daily actions. RPA is best known for handling these sorts of tasks.
Recently a renowned SAP consulting company predicted that revenue from RPA solutions would be over 1 billion dollars by the end of this year. These numbers are likely to increase in two digits during the forthcoming years. Another SAP consulting company had predicted the automation solutions to become a significant part of the corporate sector by 2023. Other high-end data and stats tell the same story.
Hit Robotic Process Automation trends for 2021
For the businesses taking interest in RPA automation solutions, we gained insight into the new RPA trends proving themselves as a hit in 2021. Here we have discussed five latest trends in RPA that we anticipate will surprise the industry in 2021.
1. Re-evaluation of Adaptation Projects
In 2021, the concern is not about the growth of RPA. We shall instead evaluate the effectiveness of various RPA projects implemented at various organizations worldwide.
The essential question is- Are RPA projects successfully strategized and implemented?
In several projects, bots get implemented in several operational processes; the obstacles to admission are easily manageable. But it is also vital to assess whether the RPA strategies successfully produced significant outcomes.
Like many other emerging innovations, the RPA dream might break if the needed installations are not as seamless as expected. Consequently, we have often seen businesses reassessing the effectiveness of as many RPA programs as possible this year. Strategic teams also assess if the operations related to these implementation plans were completely thought out for efficiently automating on a scale.
2. Increased attention on Processes
Robotic Process Automation (RPA) is an ambiguous concept. Disappointingly, for starters, no machines or robots are engaged in RPA.
Automation gets a lot of attention in IT and corporate circles. It is such a major point of discussion that it tends to receive an excessive degree of interest about the RPA. However, processes are as essential as automation. RPA alone cannot enhance a process; it can only automate its operations.
During this year, you can expect a heavy emphasis on the learning and optimization of processes due to the switch of attention from basic RPA automation to assessment and optimization. Many businesses find that their first attempts were delayed by processes, majorly due to thoroughly understanding those processes.
Some SAP Consulting companies believe that this year has increased emphasis on technology and process-oriented activities – such as process mining. Likewise, related words and solutions like process detection, process intelligence, process optimization, and process orchestration have become major components of the RPA solution packages.
3. RPA applications spread further than finance and accounting
Financial departments rapidly became fertile ground for RPA company expansion. This is because they are full of repetitive computer-based tasks, frequently ideal automation prospects.
Taking for instance corporate contexts, finance is not the sole place for RPA. As customers broaden their use cases, RPA and the underlying process benefits can rapidly expand into additional business departments.
Businesses presently use hundreds of solutions to guarantee their high client satisfaction. Customer interaction is an emerging topic for operational analytics and RPA. Companies that start to use RPA for various organizational tasks would be best served by first understanding what they decide to automate.
HR is another service in which RPA expands its applicability. It is particularly since there is still a considerable number of repeated manual work in the field.
In 2021, companies will improve and exploit the RPA capacities to enhance their company’s operations.
4. Data confidentiality has become a major RPA issue
Another expected trend is the expansion of RPA instances for departments such as HR. Data privacy and security are becoming increasingly important in connection with RPA.
Data protection is especially essential as RPA is increasingly connected to other technologies, both on the process layer and automation layer, that strengthen its fundamental skills. Data protection and security are essential for these reasons.
Companies have an ethical and moral obligation to tackle situations of usage which may misuse the same technological developments.
5. Supporting solutions for RPA
As end-users and RPA providers seek to rely on RPA software’s fundamental capabilities, both process and automation layers will become more integrated with other technologies.
The overall theme is increased process assimilation and system connectivity. It also covers increased integration and harmonization across associated technologies, such as process mining, RPA, and IP disciplines such as computer vision and machine learning.
The word ‘smart automation’ has been used sometimes to characterize such a change; it reflects that the RPA itself is neither cognitive nor smarter.
Many experts emphasize that AI and proper automation still require a great deal of human engagement and surveillance. But today’s comparatively sophisticated RPA bot might soon handle considerably more of the tough labor.
In the next few years, or some circumstances by the end of this year, enterprises may automate the automatic systems, and this will enable enterprises to reinvent themselves.
Is it an excellent moment to look ahead, while the global COVID-19 problem is thick?
Yes, it is! At Least for businesses that want to improve their operations and systems.
To provide digital transformation, increase productivity, improve working capacity and increase overall employee happiness, RPA played a crucial part before the COVID-19 program. During the COVID-19 crisis, RPA made it possible for companies to respond promptly to limit the adverse effects of the pandemic. Progress will support the continuity of business and future growth of companies as robotic process automation technologies such as SAP IRPA emerge from the current slump. And with the assistance of an SAP consulting company they can assure that the development and implementation of the solutions will be as seamless as possible.