Robotic process automation is a definite game changer. The technology has the potential to significantly alter our way of life and work. Derived from integrating together artificial intelligence
Robotic process automation sounds straight out of a science fiction novel but it is not; it is present day technology that is already being used in the industry and its adoption is growing at a breakneck pace. Automation technology can perform rudimentary and simply tasks like data entry, logging, list management, database maintenance, etc. to a high degree of efficiency and faster than any human can possibly manage. However, more sophisticated programs have also been developed that can replicate human intelligence is a manner that has not been seen before. ‘Smart’ bots have been developed that can write literature and compose music. This music is in no objective way lesser than those created by humans; studies show that people cannot differentiate between a musical number generated by a computer and one that has been painstakingly composed by a person.
With such versatility on tap, businesses would be stupid to miss out on the potential avenues of application of such powerful technology. Widespread adoption of robotic process automation can effectively render personnel, at least in the lower levels, redundant. A software program can perform objectively better than any human employee at a number of tasks. Software does not need pay, health benefits or days off work. They can run continuously and also do not indulge in spreading office gossip. Although adoption of Robotic process automation might involve expenses up front in the form of infrastructure and other associated developmental costs, the system begins to pay for itself every second it runs beyond the working hours assigned to an average human employee. Automation technology is sufficiently well developed that it can run reliably with no human involvement. Software programs output accurate work every time.
While businesses have opted for outsourcing in the past as a means to save on expenses, Robotic process automation provides a far more attractive alternative. Using this technology, the work that previously had to be delegated to a different teams can now be developed in house under the direct supervision of the parent company. Also, since the other parts of the product are also being developed here, the work being done can be integrated far tighter than would have been possible with outsourcing. Time delays are kept at a minimum, and if associated processes can be automated as well, the cost savings are significant.
Robotic process automation now involves some very complicated programs that use algorithms to make decisions, simulating the trained mind of a professional. These programs also get better at this with time as they learn what inputs produce which responses. This is some extremely powerful technology, with the potential for consequences that involve the greater world economy at large. It is, in the true sense of the word, disruptive.
Robotic Process Automation might very well kick off the next industrial revolution. With the potential to affect significant reduction in costs while at the same time boosting speed, performance and efficiency, there are no visible downsides to Robotic Process Automation being implemented across different processes for a more tightly integrated business workflow.