RPA the next growth lever for Enterprises

What is robotic process automation?

Robotic Process Automation (RPA) helps organizations to automate complex and time taking tasks, similar to humans performing any task across the system. RPA doesn’t require any complex system integration, it is designed to interact with existing IT architecture for automation.

RPA can be used to automate a variety of labor-intensive tasks, such as infrastructure, logistics and office processes. These software robots can interact with internal applications, websites, user portals, etc. RPA consists of a series of commands, run by robots with a defined set of rules, it’s a kind of software program which runs on an end user system that is PC, laptop or mobile. Robotic process automation intends to replace the repetitive and hectic clerical task by a virtual labor process. RPA directly interacts with the application without direct access to the application code or database.

There are currently three main types of RPA:

1. Attended RPA

As the name suggests, these tools will require human intervention when performing automated processes. Manned RPA used to be called robotic desktop automation. It runs on the desktop, acts as a software assistant for human users, and interacts with desktop applications while complying with application business logic.

The characteristic of this type of RPA is that it does not modify the application, so it is implemented quickly and at low cost.

2. Unattended Automation (Unattended RPA)

These tools are smart, can automate some end-to-end processes, and have decision-making capabilities. This kind of RPA requires reprogramming, the project is more complicated and the implementation time is long.

3. Hybrid RPA

These tools have a combination of manned and unattended automated tools.

Robot automation tools are:

1) LeanRunner

A lightweight RPA software that can automate various applications through Node.js programming, including Windows, .NET, QT, Web, mobile devices, etc., which provides the realization of RPA across various types of applications.

2) Blue prism

Blue Prism is a RPA software, which provides a digital workforce to the organizations and enterprises.

2) Automation Anywhere

Automation Anywhere develops robotic process automation software.

3) UiPath

UiPath helps organizations to automate business processes using its robotic process automation software.

RPA in Healthcare

Medical health has become a key area of ​​artificial intelligence research and application: consumers are using virtual assistants to query symptoms, mobile apps are used to track fitness indicators, radiologists are using computer vision to distinguish malignant and benign cells, and hospital systems are being deployed AI-driven software for insurance companies to analyze patients’ financial risks.

The key organizational advantage of using intelligent automation to remove manpower from tedious tasks is naturally to enable healthcare professionals to focus on human-led high-value decision-making, diagnosis, and treatment. RPA automates the documentation and monitoring process, which helps in different processes such as vaccine development, clinical trials and drug discovery.

Fortunately, intelligent automation enables the life sciences and healthcare industries to manage and integrate existing systems and implement them in weeks instead of months or even years without updating software, developing APIs or building new systems. The benefits of digital transformation. It is increasingly becoming a reality for the life sciences and healthcare industries to use these artificial intelligence and machine learning and RPA tools and technologies to support artificial intelligence-driven decision-making and provide a return on investment in a short period of time.

RPA in Finance

If you are a financial worker, your daily job is probably like this: processing a lot of financial statements, reimbursement forms and other data, repeating basic actions such as copying and pasting, and from time to time there are some small errors that slow down the progress .

The above situation has always existed in major financial institutions, and a large number of repetitive and tedious tasks have made financial staff exhausted.

With the continuous development of technology today, financial companies and financial personnel need to use RPA (Robot Process Automation) to simplify their work, realize the wisdom, automation, and even unmanned finance, and remove valuable human resources from low-value and repetitive tasks. Shift to more valuable work.

In the financial field, the application of RPA has covered accounting, accounts payable, accounts receivable, financial planning and analysis, salary management and other process businesses. For example, RPA can help accountants complete the automation of journal entries, perform and record account reconciliation, automatic calculation and matching, and maintain fixed asset accounts.

With the help of RPA, financial companies not only reduce personnel costs, but also optimize the allocation of resources, thereby improving the financial management system model and continuously improving the overall competitiveness of the enterprise.

RPA in Retail

Retail industry has always made it into the list of the fastest growing industries. According to a data report from eMarketer, the global retail market is expected to reach US$27.7 trillion by 2020, but it is accompanied by problems such as labor, rent, services, and sales channels. , Also facing tremendous competitive pressure. Regardless of whether it is physical or e-commerce, the retail industry is one of the industries that involve the most steps in the transaction process. These are crucial processes which take a lot of time and errors can result in fatality.

RPA has a wide range of application scenarios in the retail industry, from supply chain vendor data connection, automatic inventory update, website data import, order data automatic processing, customer service system integration, data monitoring to product pricing comparison, document digitization, etc., through RPA technology All can be easily achieved. We can see that in the retail industry, we need to count the sales of stores every day, and we also need to analyze consumer data in order to achieve precision marketing. In the process of many data needs to be organized It will take a lot of time to use RPA to solve such problems.

Implementation of RPA

Under normal circumstances, you need to rely on automation technology suppliers to complete the implementation of RPA. As a very professional field, software automation needs to be considered more than it seems. If your company has trained automation development engineers, and the RPA you need to implement is also very simple, you can also start RPA work on a small scale by yourself. As a professional consultant of software automation technology, NuAIg can provide the required assistance and consultation in the implementation work related to RPA. 

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