RPA:
RPA is the most popular automation tool for the maintenance, design, and development of software.
Robotic Process Automation (RPA) is the use of software with AI and Machine Learning capabilities to handle high-volume, repetitive tasks that previously required humans to complete.
RPA platform allows business operations to be flexible and price-effective by quickly automating manual, back-office administrative procedures, rule-based, minimizing costs, and improving performance by developing a virtual workforce.
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How does RPA work?
RPA uses bots, which are software applications that are programmed to automate tasks when certain conditions are met.
It can be used for different business processes with different levels of automation. It can be made semi-automated or fully automated based on the requirement.
Various tools are available like Automation Anywhere, UiPath, Blue Prism, etc.
Once the RPA system has gathered the necessary data, it proceeds to carry out a pre-defined task. Applying business rules, generating a report, sending an invoice for a receivable, and generating a check for a payable are all common use cases.
Benefits of RPA:
- Employees save time by delegating repetitive tasks to bots.
- RPA-assisted tasks have lower error rates.
- Automated tasks can be completed in less time.
- Increased business capacity when the rate-limiting tasks have been automated.
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Limitations of RPA :
- Cost and time to set up bots, including IT involvement, identifying candidates for automation, and possible consulting
- Bots must be monitored and maintained.
- The bot’s inability to extract information from unstructured and handwritten documents (but some products apply ML to mitigate these issues)
- Bot’s inability to detect or deal with exceptions in routine tasks (but some products have a human review tool)
- The weakness of bots to automate non-standard tasks.
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