Robotics

Latest Trends in Robotics Process Automation

By CIOReview | Tuesday, August 10, 2021

RPA will extend into new territories and introduce new capabilities, making it a necessity for businesses.

FREMONT, CA: According to reports, global Robotic Process Automation (RPA) software revenue is expected to reach $1.89 billion in 2021, increasing by 19.5 percent from 2020. Given that most firms are restricting their technology expenditure in the face of the severe economic fluctuations created by the pandemic, this revenue forecast is even more striking.

As the pandemic enters its second year, businesses will look to RPA and other Intelligent Automation technologies to keep staff motivated, engaged, and productive. In 2021, one out of every four information employees is expected to benefit from software bots or Robotic Process Automation. RPA will develop into technology for each department across a business in the future, even though it was widely embraced by organizations in 2020.

RPA will be one of the major (if not the most significant) technology advancements in 2021, as demonstrated above. It combined with hyperautomation, will reshape how organizations operate. With that in mind, let’s look at the primary forces that will influence RPA in 2021 and beyond.

The proliferation of RPA across various Sectors

IT firms were among the first to adopt RPA and reap its business benefits. RPA will see a massive proliferation in different non-technology sectors now that its transformational value has been established. While RPA is already being used in a restricted capacity to boost efficiency and productivity in the healthcare, government, banking, and other sectors, the technology will grow in scope and reach in 2021. Incorporating RPA into corporate operations will save costly manual errors and help firms stay compliant.

Blending of Manual and Digital Efforts

While 2020 was all about using RPA to automate business operations, in 2021, businesses will take a more mixed approach, with humans and robots collaborating on the field to complete tasks. While robots continue to automate the unexpected, monotonous, and repetitive activities that employees must perform, some processes that need human sensitivity and intelligence will still require manual performance. RPA will be merged with various cutting-edge developments in the coming years, like Blockchain, Optical Character Recognition (OCR), Advanced Data Analytics, and others, to further increase automation.

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RPA will be one of the major (if not the most significant) technology advancements in 2021, as demonstrated above. It combined with hyperautomation, will reshape how organizations operate. With that in mind, let’s look at the primary forces that will influence RPA in 2021 and beyond.

Source: https://www.cioreview.com/news/latest-trends-in-robotics-process-automation–nid-34242-cid-75.html

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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