Robotic Process Automation is the use of automated bots to automate extremely repetitive routine processes.
Robotic workers simulate the basic actions that people will take when dealing with IT systems, the decisions they make, and the rational procedures they adopt, while communicating between various systems and applications.
Though RPA is embraced through sectors, a range of industries have taken the lead. Industries such as Banking and Finance,Insurance,Healthcare,Manufacturing,Oil and Gas,Logistics,Education,Automobile,Telecommunication,Hospitality and Retail are at the top on using RPA.Together, these sectors account for 66% of RPA spending.
HOW IS RPA INFLUENCING THE WAY WE WORK?
45% of all work
activities can be automated
$2 trillion dollars
could be saved in workforce spending
on average ROI for an RPA project
94% of CEOs
that have incorporated RPA believe
that it has increased the productivity
25% of jobs will be robotized