RPA | Future of the World

 

We are in technology era. Here, maximum number of works are make it in simple way. There is almost no aspect of our lives that is unaffected by automation. Some examples are washing machine, microwave oven, vacuum cleaner etc. RPA also one of the automation process, but not in usual. In this article, we expose about RPA in full detail with its benefits and scope in industries.

                                     (Pic Credits : itchronicles.com)

About RPA :

Robotic Process Automation (RPA) is not a physical or mechanical robot. It is a software tools that partially or fully automated human activities that are manual, rule-based, and repetitive. These software robots also performs complex calculations and Decision making on the basis of data and predefined rules. For tasks, that are largely driven by rules, schedules or events, a robot can take the wheel and get the job done.

 

Some of the technologies being adopted with RPA as follows:

·        Machine learning

·        Natural language processing

·        Natural language generation

·        Computer vision

RPA platforms allow the program, called Robots, to interact with any application in the same way a human would do.

 

Components of RPA:

Any Robotic process automation platform provides some basic components, which together build the platform. The following are the basic or core components of RPA:

·        Recorder

·        Development Studio

·        Plugin/Extension

·        Bot Runner

·        Control Center

 

          

RPA Tools:

There are many tools used for robotic process automation. We listed out the topmost tools for RPA:

·        Blue Prism

·        UiPath

·        Automation Anywhere

·        Inflectra Rapise

·        Pega

·        Contextor

·        WorkFusion

·        Kofax

 

          

 

 (Pic Credits: softwaretestinghelp.com)

 

 

Benefits of RPA:

·        Higher quality services

·        Improved analytics

·        Reduced costs

·        Increased speed

·        Agility

·        Comprehensive insights

·        Versatility

·        Simplicity

·        Scalability

·        Time Savings

·        Non invasive

 

 

Scope of RPA in industries:

RPA is getting immense popularity in the modern IT Marketplace. The presence of RPA can be felt almost everywhere like banking, finance, healthcare, insurance, or telecom industries etc. It will make the monotonous tasks more interesting by taking the advantage of uniquely human abilities.

RPA offers plenty of career opportunities, including developer, project manager, business analyst, solution architect, and consultant and these job pay well. The average RPA salary is $73,861, but that is the average compiled from salaries for junior-level developers up to senior solution architects, with the top 10% earning over $141,000 annually. The global market of RPA is expected to grow by $8.75 billions by 2024.

According to Deloitte, SMEs can pay from $4,000 to $15,000 for one bot. However, enterprise organizations may need as much as $20 million, for a complete RPA solution of up to 500 robots, which can displace over 1,000 employees, and generate over $100 million in savings. The RPA system reduces the time contributed by employees in performing manual tasks; to increase the speed of business operations and to better revenues in the long run. The RPA implementation cost varies from one vendor to another. RPA solutions from UiPath cost as much as $20,000, depending on the level of automation needed.

 

                                                                                  

                                                                                     M. Naveenkumar

                                                                                                

                                                                                     S.Sakthikumar