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16 Robotic Process Automation (RPA) Benefits from Top Sources [2019]; Tools, Disadvantages, Myths

Welcome as a Guest and Leave as a Friend Hello, Tech Trending Readers Welcome to our Website Today. I hope you guys enjoying our  4 Ways...

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Hello, Tech Trending Readers Welcome to our Website Today. I hope you guys enjoying our 4 Ways To Learn Big Data; Types, Applications, Characteristics, Advantages. Our New Topic is Robotic Process Automation, RPA Definition, Implementation of RPA, Benefits of RPA from Top Sources,  So let's Move into Our Topic... 





  RPA DEFINITION:   

➧Robotic Process Automation is a technology that allows humans to arrange a robot to interpret the existing applications, communicate with systems, manipulate data.

➧It can be used to automate infrastructure, workflow and back-office processes. These software bots(robots) can interact with a user portal, website, etc.


➧It is a software program that runs on a mobile device or laptop, end users pc.


➧The development of code is not required for RPA. RPA  is a sequence of commands which are executed by bots.



 RPA PURPOSE:

RPA is to overcome any technical and organization debt human workforce is hired to fill the gap between processes and systems.

  Humans problem:

➞Any change in the business process, A company would need to hire new employees to map the business process and IT system which both solutions are time and money consuming.
➞It will also need retraining with any succeeding business process.

  Some Reasons Why RPA  is Advantageous:

➤ Robots can work 24 hours without any tiredness whereas a human can work an average of 8 hours a day.
➤ Robots productivity which is 100% without any errors whereas the average productivity of humans is 60%.
➤ A human being can not handle multiple tasks whereas Robots can handle.


RPA IMPLEMENTATION:


➦ Planning:

       We need to identify the processes that we want to automate.
 . Arrange project team and finalize implementation timelines, approach.
 . To performing RPA processes, agree on solution design.
 . To find the issues with running bots should be implemented by identifying the logging mechanism.

➦ Development:

       As per the agreed plan, we start developing the automation workflows.

➦ Testing:

       To identify and correct defects, we run Testing cycles for in-scope automation.

➦ Support and Maintenance:

       Helps in immediate defect resolution which provides continuous support and follows general maintenance guidelines with responsibilities, roles, IT support team, business.

      RPA TOOLS:

➤ Data: 

     It is easy to read and write business data into multiple systems.

➤ Blue prism:

       It is an RPA software and provides businesses and organizations.

  UiPath:

     It is software and helps organizations efficiently automate business processes.

➤Automation Anywhere:

     It is a developer of robotic process automation software.

     BENEFITS of RPA:

1. Cost-effectiveness:

         Cost is reduced significantly as the RPA takes care resources, saves precious time and repetitive tasks.

2. Scalability and Flexibility:

          Build a library of components over time and other processes, replication of tasks across business units.

3. Reduce risk:

           More manageable processes and RPA projects are low risks, some projects get completed quickly without disturbing existing systems.

4. Security:

           Minimize human factors for malpractice and providing role-based access to confidential data.

5. Compliance:

           RPA  supports and allows all regular compilation process with error-free investigate.

6. Lightweight integration approach:

            Speeds up time to market and work on the presentation layer avoids complexity.

7. Data quality:

            Manual error reduction leads to higher quality data and enabling a more reliable analysis.

8. Virtual work-forces :

             Robots are very simple as they do not change roles, retire, leave the company by managing IT security for RPA.

9. Core domains:

              Creating more accurate underwriting algorithms and developing more sophisticated fraud analysis.

10. Delivered quickly:

               For robots, it is a matter of weeks.

11. Innovator:

                By freeing up human labor to focus on idea generation when an RPA technology changes back-office operation enabling greater innovation.

12. Higher value tasks:

                To make more value-add contribution by automation of repetitive and time-consuming processes free.

13. Employee engagement:

                 We often see staff engaging in repetitive activities when implementing RPA projects.

14. Operational risk:

                  Avoiding purely human mistakes, by deviating from the process, means a lower level of operational risk when RPA reduces the rate of errors because robots make fewer mistakes.

15. Paper use:

                   Files being manipulated by software robots in a digital form or in full on paper.

16. Service levels:

                   The internal reports can be delivered faster and without mistakes, new employees can be set up very quickly with RPA things.

Disadvantages of RPA:

→ The robot is limited to the speed of the application.
→ The robots should be reconfigured even small changes made in the automation. 


MYTHS (more) of RPA:

1. Coding is required:

            That's not true. One needs to understand how the software works on the front-end and can how they use for back-end by using RPA tools.

2. RPA software does not require human supervision:

             Humans are needed to program the RPA bot and manage them. So, it is an illusion.

3. RPA useful only in industries that rely heavily on software:

             To generate automated bills, telephone service, invoices, etc. Which are used across industries irrespective of their software exposure by RPA?

4. Only large big companies can afford to deploy RPA:

             RPA can deploy small to medium-sized organizations to automate their data.

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