{"id":14036,"date":"2019-07-11T18:27:12","date_gmt":"2019-07-11T12:57:12","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=14036"},"modified":"2019-08-19T11:58:00","modified_gmt":"2019-08-19T06:28:00","slug":"rpa-robotic-process-automation-best-practice","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/rpa-robotic-process-automation-best-practice\/","title":{"rendered":"RPA: The Best approach to Excellent Software"},"content":{"rendered":"

The dawn of robots brings along the promises of a future with accurate and reliable processes. An Everest Group survey revealed the positive trend toward RPA adoption, given its capability of aligning business strategies with long-term goals. Having almost touched the $700 million mark in 2018, the RPA market<\/a> is all set to cross $1 Billion this year. By limiting the transactional steps, robotic process automation is projected to offer an RoI between 30-200% in the first year of its adoption. This is triggered by the automation capabilities that intergate with tedious, repetitive activities to enhance productivity and speed to market.<\/p>\n

RPA is a software that impersonates repetitive, mainly rule-based standard tasks, and performs them on its own without requiring any sort of human inteference. About 65% of the companies surveyed in a recent poll have either already automated their mundane tasks or are planning to do so. In addition to BFSI and business process outsourcing, robotic process automation services are primarily beneficial in optimizing clerical tasks, supply chain management, data entry and analytics, and customer service.<\/p>\n

RPA may seem like a juicy fruit from a distance, but in order to truly savor it, meticulous planning is required. The potential of RPA is vast and propitious to businesses, only if leveraged appositely. As Bill Gates said, \u201cThe first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.\u201d<\/em><\/p>\n

In order to make sure that RPA adoption leads to the magnification of only efficiencies and diminution of inefficiencies, it is necessary to devise a strategy that concentrates equally on the adoption, implementation, and maintenance phases.<\/p>\n

The nectar of the RPA fruit<\/strong><\/p>\n

RPA learns the interactive patterns between human and GUI, and then mimics those patterns to execute a given rule-based activity. Expected to reach almost $3.97 Billion by 2025, RPA is the hottest trend<\/a> in the industry as all the players are trying to tap on its multitudinous benefits.<\/p>\n

The elimination of human errors is the most significant advantage that RPA brings to any business process. RPA instills reliability into processes by eradicating the possibility of manual blunders. An automated robot can effectively perform the work of about three to five full-time employees and makes scalability of processes feasible. By taking over mechanical work and introducing personalization, RPA can be instrumental in driving customer satisfaction levels up the scale while reducing the overall costs for delivering quality. RPA is especially beneficial in automating repetitive processes such as periodic reporting, mass email generation, and ERP transactions.<\/p>\n

The speed of automated processes significantly decreases the cycle time, thus improving the go-to-market time. When the production cycles are fulfilled quickly and at a much better output efficiency with the help of bots, the manual resources and businesses can focus on advancing their ability to yield higher value to their stakeholders and consumers.<\/p>\n

The challenges in harvesting the RPA crop<\/strong><\/p>\n

Before proceeding with implementing RPA into the business processes, one thing should be kept in mind \u2013 do not automate everything<\/em>. RPA is capable of doing everything that a human resource can, except for making judgements. Robots may control the mundane tasks, but they lack the decisiveness and judiciousness of human mind. Rendering critical processes to RPA\u2019s discretion may result in expensive defects and inefficiencies.<\/p>\n

To ensure that RPA implementation does not lead to the magnification of inefficiencies, there are a few challenges that businesses must overcome \u2013<\/p>\n