Robotic process automation (RPA) uses artificial intelligence to handle repetitive tasks like data entry and record keeping. RPA software acts like a digital worker that logs into systems, enters data, and completes tasks. Some top benefits of RPA include increased speed, efficiency, accuracy, and cost savings. Leading RPA vendors include Automation Anywhere, Blue Prism, UiPath, and Workfusion. The global RPA market is expected to reach $5 billion by 2024 as more organizations adopt the technology to enhance capabilities and reduce costs.

2. - Bsc-2 (cps)
- B025
- Computer
-

3. . What is Robotic Process Automation(RPA)
. Evolution of RPA
. Benefits of RPA
. Application of RPA
. Top RPA vendors
. What to look for in RPA software
. Where the robotic process automation market is heading

5. . Robotic process automation (RPA) is the use of software with artificial intelligence
(AI) and machine learning capabilities to handle high -volume , repeatable tasks that
previously required humans to perform .These tasks can include queries , calculations
and maintenance of records and transactions.
. RPA technology , sometimes called a software robot or bot , mimics a human worker
, logging into application , entering data , calculating and completing tasks and logging
out.
. RPA software is not part of an organizations IT infrastructure . Instead , it sits on top
of it , enabling a company to implement the technology quickly and efficiently
– all without changing the existing infrastructure and systems .

6. .Although the term “robotic process automation” can be traced to
the early 2000s , it had been developing for a number of years previously
.RPA evolved from three key technologies : screen scraping,
workflow automation and artificial intelligence .
.screen scraping is the process of collecting screen display data from a
legacy application so that the data can be displayed by a more modern
user interface .

7. . The advantages of workflow automation software, which eliminates the
need for manual data entry and increases order fulfilment rates, include
increased speed, efficiency and accuracy .
. Lastly, artificial intelligence involves the ability of computer systems to
perform tasks that normally require human intervention and intelligence.

8. Robotic process automation technology can help organizations on their
digital transformation journeys by :
. 1) Enabling better customer service .
. 2) Ensuring business operations and processes comply with
regulations and standards .
. 3) Allowing processes to be completed much more rapidly .

9. . 4) Providing improved efficiency by digitizing and auditing process data.
. 5) Creating cost savings for manual and repetitive tasks .
. 6) Enabling employees to be more productive .

11. some of the top application of RPA include :
. Customer service : RPA can help companies offer better customer
service by automating contact tasks , including verifying e-signatures ,
uploading scanned documents and verifying information for automatic
approvals or rejections .
. Accounting : Organizations can use RPA for general accounting ,
operational accounting , transactional reporting and budgeting .
. Healthcare : Medical organization can use RPA for handling patient
records , claims , customer support reporting and analytics .

12. . Human resources : RPA can automate HR tasks ,on boarding and off
boarding , updating employee information and timesheet submission
processes .
. Financial services : Companies in the financial services industry can use
RPA for foreign exchange payments , automating account openings and
closings , managing audit requests and processing insurance claims .

14. .Automation Anywhere Inc. provides an enterprise digital workforce platform geared toward
procure-to-pay , quote-to-cash , HR , claims processing and other back-office processes .
. Blue prism focuses on providing organization in regulated industries with more agile virtual
workforces , offering desktop-aligned robots that are defined and managed centrally.
. Help systems enables companies to streamline IT and business operations by automating
tasks and workflows without the need to write code .
. Uipath offers an open platform to help organizations efficiently automate business processes
.
. Workfusion combines robotics , AI-powered cognitive automation and workforce
orchestration to automate enterprise business processes .

15. . Scalability : Organization shouldn’t select RPA software that requires them
to deploy software robots to desktops or virtualized environments .They
should look for RPA platforms that can be centrally managed and scale
massively .
. Speed : Enterprises should be able to design and test new robotic
processes in a few hours or less , as well as optimize the bots to work quickly .
. Reliability : As companies launch robots to automate hundreds or even
thousands of tasks , they should look for tools with built-in monitoring and
analytics that enables them to monitor the health of their systems .

16. . Error magnification : RPA robots cant detect some obvious errors that a human
would be able to immediately point out . If your data has problems with it , RPA robots
will not call it out , but pass it on , magnifying an error that might have otherwise been
caught .
.Overall risk : Some problems aren’t a good fit for RPA , especially when the stakes
are high . For example , if you need to handle your purchase invoices , its likely a better
idea to use software that is able to understand and manage the data correctly from the
start .
. Maintenance : Most RPA solutions have to be custom made to fit your business . It
likely wont be worth it to invest in such a systems if the way your business runs could
change drastically in the future .

17. . A Global market insights Inc. report the RPA market to reach $ 5
billion by 2024 .
.The increased adoption of RPA technologies by organizations to
enhance their capabilities and performance and boost cost savings will
reportedly drive the growth of the robotic process automation market
most during that time .