Believe it or not, the global Robotic Process Automation (RPA) market is predicted to reach upwards of $11 billion by 2027, making it one of the largest emerging markets for businesses. Not to mention, by 2025, knowledge work automation may have an economic impact of up to $5-7 trillion.
Because of the benefits of RPA, more and more businesses are beginning to adopt it as part of their digital transformation strategy. However, it’s important to understand what RPA is, and how exactly it can benefit and support your business. RPA is costly as it stands, and this begs the need for RPA solutions.
What is RPA?
RPA stands for Robotic Process Automation, and in its simplest form, it’s a type of computer software that uses artificial intelligence (AI) and machine learning algorithms to help automate labor-intensive tasks. It essentially takes over tedious manual processes and eliminates most of the manual labor associated with them.
By automating certain processes, it allows businesses to spend more time on their core activities, resulting in streamlined efficiency and productivity. They’re an outsourced solution that allows businesses to take advantage of the latest technology without having to invest in expensive hardware and software.
Benefits of RPA
The benefits of RPA are numerous and can include:
- Increased efficiency: This is really what it’s all about. From data entry to HR tasks, RPA can quickly and accurately complete a variety of repetitive tasks.
- Reduced costs: By automating processes, businesses can save money on employee salaries and overhead costs associated with manual human labor.
- Data accuracy: Automating data entry processes helps to reduce errors and improve overall data accuracy.
- No licensing or hosting costs: As most RPA solutions are web-based, there’s no need to purchase or maintain expensive hardware or software.
- Faster deployment: RPA solutions can be deployed quickly and easily.
- Improved customer service: By automating processes, businesses can respond to customers faster and more accurately.
And these are just the benefits we are seeing now! Who knows what we might realize a few years down the road?
Why Partner With an RPA Provider?
When it comes to fully capitalizing on the benefits of RPA, partnering with a reliable provider is the way to go. Hiring an experienced provider can also be the difference between success and failure. The right service partner will understand your business needs, develop custom automation solutions tailored to your unique business processes, and ensure that all processes are running correctly. Here are just some of the benefits of partnering with an RPA provider:
- Access to specialized expertise in automation strategy and implementation
- Ability to scale quickly as your business grows or changes
- Reduce costs associated with buying hardware/software
- Reduce manual labor and free up time for more strategic tasks
Tolar Systems is a premier RPA provider that helps businesses of all sizes quickly and efficiently implement solutions while taking advantage of the full benefits of RPA.
With our experienced team, we can ensure your business is running smoothly with minimal effort on your part. For more information about our comprehensive RPA services, please schedule a free consultation today!