There is an unprecedented clamoring for robot process automation tools as we head into a much more technologically advanced era of humanity. Automation has already made many conventional job designations completely obsolete, pushing millions out of their secure jobs. And the reasons are quite apparent.
Automation allows businesses to operate at an optimal level of productivity, which is simply not possible with a human workforce. It cuts costs by almost half, there are very few errors, and businesses become easily scalable, all thanks to automation.
Hence all industries, whether it is hospitality or outsourcing, all services, whether it be medical or documents data entry services are now being acquainted with tools of automation.
What Exactly is an RPA?
RPA, or aka robot process automation, is a type of advanced software that mimics human behavior to carry out a task within a process. It can help do repetitive stuff more quickly, efficiently, and accurately without getting exhausted.
RPA offers companies with a solution that doesn’t require companies to spend hours upon hours on one tedious task. A software bot is used to enter the data and get the job done. We are talking about software that takes the best of human productivity like emotional intelligence, reasoning, judgment, etc. and amplifies it tenfold.
Benefits of RPA
Accurate Data Entry
The RPA is software that is not prone to errors that are normal with human intervention. It is programmed to carry out the task of data entry with optimal competency. It does not get tired, it isn’t frustrated, and it won’t enter typos, thus reaching a higher rate of data accuracy. Any error in the data is quickly identified and rectified in real-time. With RPA, there is no room for error. The accuracy rate with RPA is estimated to be close 99.5%.
Unlike Human Being, RPA can work 24 hours a day and 7 days a week. It doesn’t get tired, thirsty, or hungry. It operates at full capacity every second of its life. This allows for work to be done quickly and also avoids any unnecessary delays.
Productivity is a key issue with data entry. The entire process can be so exhausting that it can be a major cause of errors and huge employee turnover. Thankfully, as RPA is impervious to issues that might plague a normal human being, it boosts the productivity of your business through the roof. The work is done on time, there are very few, or no mistakes at all, and business leaders get to spend more time on other key functions of their business.
Getting a new bot and up and running is definitely much faster and easier than the entire process of recruiting new talent. Implementing the new RPA software happens much faster as there is no time wasted in training. The software is programmed to do its job thoroughly. Now compare that to hiring a new human employee. You will first have to browse through huge chunks resume, interview candidates, shortlist them, finalize a candidate and then finally, once you have selected the candidate, waste more time in training them.
Easy To Scale
Let’s say you do face a problem, and your existing bots are unable to handle the workload, you can simply add more RPA bots. This is much easier than hiring a new set of employees to carry out your business operations. Simply put, RPA bots are way more easy to scale than a human workforce.
Don’t have to Deal with Turnover
With human resources, there is always the risk of uncertainty. You simply cannot rely, even on your most trusted employee, as you don’t know what their motives. Employees quitting to pursue a new venture is a common practice in the business. Sometimes it can completely hinder your entire operation, as you are quick enough to find a suitable replacement. With RPA bots, you don’t have to face that issue at all. They don’t feel frustrated or angry or bored and will stay with your business forever.
Another issue with having a human workforce is the issue of trust. Nobody likes to think that their employees would betray them, but their way too many cases of fraud to ignore the facts. With RPA bots, you don’t have that issue. RPA bots don’t have any ulterior motives and no desire to profits at your expense. RPA allows you to tighten security against your most valuable data.
Minimal IT intervention
With the way the RPA movement is moving forward, we know it is only going to revolutionize the business further. Today the IT department simply deploys the RPA software. Apart from that, there is no intervention needed from the IT department on how it needs to function. The RPA will carry on to perform the tasks it was programmed to perform.