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What is Robotic process Automation (RPA)- Benefits of RPA

Robotic process automation is not related to ‘industrial robots’ . RPA terms basically related to IT Sector and Software Automation. Robotic Process Automation is major reason for IT unemployment. In simple words RPA is a ‘software /virtual robot ‘ which perform task or software operating , handling , ERP Data filling just like human do. Human employees are replaced by software robots.

A Definition of Robotic process Automation (RPA)

RPA as any capability (software and services) that allows you to transact in any IT application or website, typically in the same way a human would, to automate complex, rule-based work. In other words, RPA software allows developers to tailor complex automations to a company’s processes. When an RPA robot is at work, it performs tasks just like a human would: logging in, operating applications, entering data, performing complex calculations and logging out.

Robotic process automation (RPA), and it has been around for decades. The technology has emerged recently as a significant trend among many industries. RPA is even more prevalent now due to more affordable robotic systems. According to industry experts, robotic systems used to be very expensive and could only be used in high-value products to recover the costs of their use. More reasons to move forward with Robotic processes is a simple fact that there is an increasing lack of low-cost human labor.

RPA is the method of employing robotic systems to “perform tasks repeatedly and usually [at] high speed, without human intervention.” This technology can take over high-volume, repeatable and often tedious tasks that were previously performed by humans. People are then freed up to do higher-value work which require empathy and a human touch.

Many industries require customized products to suit their needs, this is also true with RPA. With advances in robotic systems, cameras, laser systems and AI driving down costs across business ecosystem, businesses can produce many types of items, but at low quantities. Deploying such intelligent robotic systems are easier and less costly now than in the recent past.

Robotic process automation (RPA) Example:

A software ‘robot’ is a software application that replicates the actions of a human being interacting with the user interface of a computer system. For example, the execution of data entry into an ERP system – or indeed a full end-to-end business process – would be a typical activity for a software robot. The software robot operates on the user interface (UI) in the same way that a human would; this is a significant departure from traditional forms of IT integration which have historically been based on Application Programming Interfaces (or APIs) – that is to say, machine-to-machine forms of communication based on data layers which operate at an architectural layer beneath the UI.

Benefits of Robotic process Automation (RPA)

Cost reduction: Software robots are typically at least one third the price of an offshore FTE.
Efficiency: RPA can operate 24X7 without breaks provided the underlying core applications are available.
Accuracy: Human FTEs make data entry mistakes, whereas robots perform the same task the same way every time provided there is no judgment call required while processing transactions.
Improved audit and regulatory compliance: Robots can provide a detailed audit logs enabling advanced business analytics and improved compliance.
Ease of change management: Robots preserve application and data integrity by leveraging the existing application presentation layer and re-using existing application logic, databases and validation without deep understanding and re-engineering.