Robotic process automation trends 2020- 2020 has been a year of digitalization and automation for most companies. Through the emerging technology trends, companies are getting smarter in their processes.
Between human resources and software bots, for instance. Not to mention the fusion of artificial intelligence (AI) and machine learning (ML). Everything is possible with digitalization. Everyone is up for the future through transformation.
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How was RPA doing in 2020?
Consider the following statistics, for example:
- In 2027, the global RPA market is forecasted to reach $10.7 billion, with a CAGR of 33.6% within the years 2020 to 2027. (according to the Grand View Research)
- Hyper-automation, AI security, and autonomous things were at the top 3 of Gartner’s Top 10 Strategic Technology Trends for 2020.
Why RPA is Taking the Stage
Robotic process automation or RPA is an IT solution that lets organizations automate business tasks and processes by the use of software programs.
Mostly, frequently repetitive tasks opt for RPA. Besides, business leaders themselves believe RPA increases their system’s efficiency more than human workers can. This works for tasks like transferring data from one system to another, for instance. Although such tasks sound so basic, yet these are trivially necessary for systems to progress.
In addition, RPA benefits the employee’s tray. It can relieve them from basic yet time-consuming tasks. Not to mention, low-value and error-prone tasks, that can erode productivity on their end.
Overall, RPA is proven to be efficient in improving services and processes while spending low.
Robotic Process Automation Trends 2020
In the past year, according to Gartner, RPA was pegged to be the fastest-growing enterprise in the software category.
RPA is not fading and it is only progressing. Perhaps you should be eyeing for what’s to come and expect in the RPA market.
So here is a list of RPA trends to watch for in 2020.
Increase of RPA Adoption Growth
From the past year’s RPA implementation, 2020 should expect more of its adoption, as a result. The RPA global spending says so.
For example, in 2020, the RPA market projects to spend up to $1.3 billion. While according to Forrester, the RPA software market will reach a total of $2.9 billion in 2021.
With more industries implementing RPA, more adoption will also follow.
More RPA Reality Checks
Business leaders will also now see beyond the hype of automation through RPA. As time follows, DX initiatives will show the differences, range, and tool choice as necessary factors.
Perhaps many organizations overly idealize RPA. RPA’s technology capabilities are, of course, promising. However, being a buzzword in the recent months and years, some are carried away by its hype.
Thus, in 2020, many will realize more of the right implementation strategies of the said technology.
Intelligent Automation in the Stage
RPA alone cannot create an end-to-end automation system. However, with more cognitive AI disciplines, intelligent automation rises. This takes place when machine learning (ML) and artificial intelligence (AI) are fused. So 2020 shall be a year for more intelligent automation, and other forms of it, as well.