The buzzword nowadays is certainly RPA or Robotic Process Automation, working its way to $2.5 billion by 2022. However, some still afraid of this technology as it can take away their jobs and positions.
In this post, we will discover why RPA will only bring benefits to workers and not replacing them.
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RPA and The Present
Believe it or not, RPA is currently today’s fastest growing markets in enterprise technology. Even analyst companies have changed their prediction from time to time due to their growing numbers that are increasing too fast.
Everest Group for example. From 2017 to 2019, this company’s market growth is around 75 – 90 percent which is unbelievable! Forrester Research also claimed that RPA will grow to a $3.3-billion market by 2021
‘RPA Is About Taking Robot Out Of Humans’
UiPath CEO, Daniel, claimed that RPA helps your workers by taking over the boring and tiring repetitive tasks, giving then time to do higher and more rewarding assignments and tasks.
With just only a small unit level of RPA, your traditional business process will only need a few numbers of people to handle this technology while doing a great amount of work. Still, this does not mean that it makes people jobless.
To understand it better, the scenario is just like driving either an automatic car, a manual transmission car, or a self-driving car. Remember this, in every car, there is still a driver.
Even though it can take over and improve the repetitive tasks, their process that cannot be automated and can only handle by a human. Because of this issue, RPA has two major categories which is attended and unattended RPA, functioning in a very different way but has the same purpose, to take the robot from humans.
Robotic Process Automation (RPA) Definition
RPA or Robotic Process Automation is a technology that uses either computer software or Robot to stock up, construe, and manipulate data for large-scale labor purposes. It helps the company with its labor requirements and reduces huge cost.
Huge volumes of labor need a large amount of transaction. RPA software helps with this area, cutting down on cost and time necessities. Furthermore, it boosts the company’s production and conversion.
If you happen to have a precise goal for your company, RPA helps you to achieve it. This is because this method not only offers services industry with a practical workforce, it also a part of human-computer technology. In other words, you can easily design it to automate your company the way you want it to be.
Business Process Management (BPM) Definition
Business Process Management or BPM often uses as a business solution strategy. It basically helps the company with its operation management area. Moreover, it offers solution method like optimizing, discovering, measuring, optimizing, modeling and automating a business process.
To put it in simple words, BPM focuses more on pushing the performance of your company with a combination of techniques. Thus, it improves not only one area but as a whole, increasing the efficiency and productivity of your workflow.
When to use RPA or BPM?
Now, to answer the million dollar question, ” What is the appropriate time to use RPA or BPM?”, the answer will depend on the process you need to use it for.
For example, you found yourself have a problem with the essential part of your company and need to address it properly. Using BPM in this situation is ideal. This is because BPM gives you a deeper approach to fix the issue rather than RPA who gives a quick solution
Business Process Management has huge roles in workflow automation, ensuring the communications is solid. Even though this method needs more planning before you can implement it, BPM is the best way to deal with the company’s core.
Now when it comes to RPA, it works best if you are dealing with financial and time restraints. You might find yourself in a time when the resources are lacking. In this case, RPA is the best answer.
RPA can easily solve your issue as you can implement it faster and easier. Moreover, it does not require to change your current infrastructure.