Inevitable Disruption caused by RPA
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Given the inevitable disruption caused by RPA, business leaders should focus on a few key implementation principles: automate as much as possible, focus on front-end processes, maximize productivity, and aim for 100% auditability.
RPA can help companies organize themselves for the future. It is a foundation for machine learning, artificial intelligence and a more autonomic enterprise.
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UiPath recently garnered a $7 billion valuation by selling bots-blocks of code that automatically carry out repetitive tasks and known as “Robotic Process Automation,” or RPA. Companies are vying for RPA, and the demand has made Dines a billionaire.
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The digital revolution is transforming nearly every industry; affecting the way we serve our customers, manage our operations, engage our workforce, and grow our businesses. Yet, much of our work is still being done. through antiquated processes and legacy systems that are failing to deliver on the new levels of business agility and efficiency that are the key drivers of success for today’s modern enterprise.
According to IDC analysts, within the next two years, two-thirds of Global 2000 enterprise CEOs will have digital transformation at the center of their corporate strategy; over the next three to five years, the percentage of enterprises with digital transformation strategies and implementations will more than double.
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The impact of Robotic Process Automation on a company’s operations and competitive positioning is significant on a number of fronts: economic value, workforce advantages, quality and control improvements, and flexible execution. In fact, a couple of RPA’s greatest benefits are often overlooked: its ease of deployment and the speed and agility it confers on the enterprise.
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