Everything You Should Know about Robotic Process Automation (RPA)

In this RPA crash course video, we will learn all about RPA, its working and its tools. RPA Robotic Process Automation (RPA) is the use of software to handle high-volume, repeated tasks that previously required humans to perform.

Robotic Process Automation (RPA) is an advanced technology that automates huge quantities of redundant tasks by applying artificial intelligence (AI). RPA can be used for processing transactions, manipulating data, triggering responses and communicating with other digital systems. RPA has applications in a plethora of industries including insurance claims processing, invoice processing, customer feedback analysis, onboarding of employees, HR operations, and much more. More on the RPA market: 
- The global market for RPA software and services is expected to grow to $1.2 billion by 2021 at a compound annual growth rate of 36 per cent.
- One wine producer increased its order accuracy from 98% to 99.7% while reducing costs There are 3000+ RPA job postings in India and the US.

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7 key Robotic Process Automation (RPA) Trends for 2021

Gartner’s report suggests that the global revenue from RPA technology will reach nearly $2 billion by the end of 2021. Why is this important? Because Robotic Process Automation (RPA) revenue saw an increase of around 25% from last year. The heavy investment towards the growing RPA trends that indicate digital transformation is now a priority for organizations.

It’s 2021, and almost every person in the IT industry knows about Robotic Process Automation services. Whether its’ about automating data entry tasks or filing out customer forms, RPA use cases are found in every industry. Finance, Insurance, Healthcare, Logistics – RPA implementation is increasingly becoming a cornerstone to achieving efficiency in every sector. Deloitte surveys suggest that RPA will achieve “near-universal adoption” in the next 5 years. 

With the growing popularity of automation and its apparent benefits, RPA industry trends are rapidly emerging. Through new use cases or smart RPA bots, companies are finding innovative ways to put RPA tools to work.

This article will highlight the 7 trends that businesses need to watch out for in 2021. RPA trends in 2020 were just the beginning – this year, RPA implementation will take a new turn with advancements in AI, ML, DL, and Cloud Computing. Let’s have a look at them in detail.

Checkout 11 RPA Use Cases in Different Industries you Ought to Know

7 RPA Trends Businesses Should Know in 2021

Many companies may see RPA as a threat to their employees. However, a Deloitte survey suggests that only 17% of employees showed resistance to RPA adoption. Therefore, the RPA latest trends did not face any complications in their implementation. 

Here are the 7 RPA trends that you should watch out for in 2021 – 

1. Intelligent Automation
   • Smart Process Automation is the next game-changer in RPA. Combining rule-based bots with Machine Learning algorithms will be a radical redesign in the digital processes.
   • RPA tools will enable companies to generate insights from repetitive tasks as well. The RPA bots constantly evolve from self-learning AI algorithms. They will not only enter the data in IT systems but also find patterns in that data simultaneously. Therefore, it eliminates the need to install AI and RPA separately. Intelligent Automation will also provide better trial-and-error capabilities to find solutions, combined with the accuracy of effective Robotic Process Automation (RPA).
2. RPA Trends in Finance
   • The era of traditional automation for financial and accounting processes may be nearing its end. Today, the trend is shifting towards providing a better user experience. The critical factor is to remove the bottlenecks in the financial industry.
   • RPA automation will identify the customer journey and create workflows that seamlessly connect them with the bank or the financial institution. There are more higher-order use cases where complete process re-engineering is in focus. Robotic Process Automation now ensures that customers find their way through the business complexities for availing their services.
3. Vendor Differentiation
   • There are more than 150 RPA vendors in the industry. They provide solutions for industry-specific needs. RPA Automation Anywhere, RPA UiPath, and BluePrism RPA are the three industry-leading RPA tools for businesses.
   • However, the current trajectory is towards innovation in building software bots. Whether it’s in terms of design, process approach, or profitability factor – vendors are bringing differentiation to become unique tools for RPA adoption. Strategic transformation involves identifying vendors with whom you can build a long-term relationship. Therefore, differentiation is one of the booming trends in RPA.
4. Eliminating Paperwork
   • One of the most talked-about RPA future trends is the elimination of paperwork. Since the inception of technology, reducing paperwork is a priority. However, the recent trends showcase that this could soon be a reality.
   • RPA trends are growing towards intelligent bots for extracting, filing, and processing data online. The virtual workforce of bots might be on its way to eliminate paper invoices, client forms, and everything that could be lost in the office. The predetermined bots will ensure that paperwork is minimized in the enterprise. It will also ensure higher productivity for mundane paperwork-related activities.
5. RPA Cloud Deployment
   • Whether it’s about RPA trends in healthcare, RPA trends in banking, or RPA trends in insurance, the cloud is the need of the hour. RPA processes massive amounts of data. Cloud deployment ensures enough repositories for RPA storage.
   • RPA cloud deployment enables companies to process data at a whim. It means that they can virtually build an RPA infrastructure and deploy bots. In essence, cloud technology will also become a source for self-driven bots that can perform multiple functions from the same data. Vendors offer cloud bots that can reduce the infrastructure setup cost as well.
6. RPA in ERP
   • With cloud deployment becoming mainstream, Robotic Process Automation (RPA) will have a significant role to play in ERP software. Integrating RPA with the ERP system would provide a centralized platform to manage business processes.
   • Integration of ERP and RPA would lead to better customer experiences. Through a centralized source of data, companies can deploy continuous triggers for one task to another. The entire process will be seamless, and streamlining automation activities would become easier. On top of that, the employees would have access to the processed data without the hassle of searching in different systems.
7. Faster Adoption
   • The latest RPA adoption trend is the biggest one of them – the quick adoption overall in all sectors, domains, and industries. The pandemic has driven companies to look towards RPA as the first step towards digital transformation.
   • This could be called a meta trend – but the biggest one, nonetheless. Work-from-home is encouraging companies to install bots that can take care of internal processes. Not only that, customer-facing bots are now a new reality. In fact, reminder calls for payment due, service notifications, etc., are now taken care of by RPA software bots. 

Read more: Pros and Cons of RPA Technology for Digital Enterprises

Conclusion: RPA Trends are Multiplying 

The latest trends in RPA do not stop at these 7. With innovation becoming the pillar for improving business performance, Robotic Process Automation adoption is sure to skyrocket in the coming years. RPA is not an option anymore – it is becoming a necessity for modern enterprises to achieve their profitability objectives. Therefore, by carefully analyzing which trends businesses can capitalize on, they can better leverage them for automating business processes.

Originally published at https://techreviewer.co.

#robotic process automation (rpa) trends #rpa trends #robotic process automation #rpa bots

What are the Best RPA Tools Available for Enterprise Automation?

An RPA specialist can work with any tool, given the individual has the right preparation. Yet, there are a couple of them that stand apart because of their usability. 

Following is a list of RPA tools in the market that most organizations use to convey RPA bots:- 

UiPath 

Without a doubt, the leader in the Robotic Process Automation services market is UiPath with a 27.1% piece of the market, as per IDC. As one of the best compared to other RPA tools, UiPath is easy to use and can without much of a stretch be carried out by non-engineers. 

The tools give both mobile and web support, guaranteeing that the bots can be set off in any environment. Citrix renders help to UiPath, which speeds up the interaction of automation. 

UiPath offers 3x to 4x quicker bot organization than other RPA tools. It constantly grows its conventional RPA abilities to offer better automation services. 

Read more: 11 RPA Use Cases in Different Industries you Ought to Know

Automation Anywhere 

In the RPA market, Automation Anywhere is second on the outlines with a stunning 19.4% piece of the market, as indicated by a leading analyst firm. It assists with automating end-to-end business measures. 

The organization offers an electronic and cloud-local savvy robotization process. It has in excess of 1,000 pre-constructed bots that answer for various use cases. The platform has delivered over 2.4 million bots with 2,000+ partners across the globe. 

The product offers custom RPA services that increase the usefulness and minimize human interface. 

BluePrism 

Unarguably one of the main RPA tools, BluePrism is trusted by many organizations to construct their virtual workforce. The way toward planning a bot includes visual portrayal, like that of a simplified interface. 

BluePrism turns out completely great for both new businesses and huge ventures because of its lucid nature. It empowers quick execution and secure improvement of RPA bots. It has a 10.1% piece of the market in the RPA tools industry. 

The RPA solution offers a multi-environment, dynamic delivery model to organizations for effectiveness and high productivity. 

Checkout: 7 Step Guide of RPA implementation for Enterprise Digital Transformation

Kryon 

The tool offers hybrid, attended, and unattended automation arrangements. The unattended solutions offered by Kryon empower organizations to trigger bots and complete the work with no human intervention. 

Kryon offers a process disclosure segment, which empowers RPA designers to perceive what tasks are being done every day. The mix of attended and unattended robotization, called hybrid, is empowering organizations to creatively incorporate bots. 

The simplicity that Kryon gives is unrivaled. Bots worked with Kryon to play out each assignment with more noteworthy accuracy and effectiveness. 

Pega 

Broadly famous for its business interaction with the executives, Pega Systems depends on a structure for process discovery and business rule the board. There's no information put away in the data set however in the memory. 

PegaSystems just offers cloud-based arrangements. Organizations can designate their bots to basic workstations or representatives with this RPA tool. There's a component for significant data, which naturally recognizes processes that need automation. 

The platform offers an exhaustive comprehension of how the work is performed. It improves on the cycles and guarantees all work is done on schedule.

Read more: Pros and Cons of RPA for Digital Enterprises

Summing Up 

RPA services are booming. Organizations need automation tools that can assist with accomplishing efficiencies so their workforce can zero in on more significant tasks. The above list of off-the-shelf and open-source RPA tools empowers organizations to automate their dull tasks and assemble a virtual workforce. 

BoTree Technologies is a leading enterprise software development company that can assist with building bots for smoothing out activities and automation of mundane activities. 

Reach us today for a FREE CONSULTATION.

#rpa specialist #rpa tools #robotic process automation services #rpa services #rpa solution

Selenium vs RPA | Selenium Automation vs Robotic Process Automation | Intellipaat

In this Selenium vs RPA video, you will understand what is automation, what is selenium and what is RPA, the difference between Selenium and RPA, and which one should you use for better performance. So in this RPA vs Selenium comparison, some important parameters have been taken into consideration to tell you the difference between Selenium, and RPA & also which one is preferred over the other in certain aspects in detail.

Why should you watch this Selenium tutorial?

Selenium is a powerful yet open-source testing platform that is being used extensively by some of the largest corporations in the world. We are offering the top Selenium tutorial to gain knowledge in software testing. Our Selenium course has been created with extensive inputs from the industry experts so that you can learn Selenium and apply it for real-world scenarios.

Who should watch this Selenium tutorial?

If you want to learn Selenium to become a Selenium expert then this Intellipaat Selenium tutorial is for you. The Intellipaat Selenium training video is your first step to learn Selenium. Since this Selenium tutorial video can be taken by anybody, so if you are a Software Developers, Testers, QA Engineers, System Analysts, Administrators, BI, and ETL professionals then you can also watch this Selenium tutorial and enroll for Intellipaat Selenium training to take your skills to the next level.

Why Selenium is important?

Selenium has some distinct advantages over others like an efficient way to generate test scripts, reusing the scripts, validating functionality and automating the test process, and remote testing the software codes. Taking the Intellipaat Selenium training can help professionals to build a solid career in a rising technology domain and get the best jobs in top organizations.

#selenium #rpa #selenium automation #robotic process automation

Robotic Process Automation (RPA) Services | ThinkPalm

Companies and industries are automating their workflows and processes in this digital age. Early adopters of robotic process automation outperform the rest of the organizations with increased ROI and round-the-clock work at reduced costs. RPA services is a technological breakthrough for industries as they automate the entire business workflows efficiently.

Robotic process automation, which fully removes the possibility of human error, can be used in industries of all sizes. Let’s take a look at some of the most common RPA implementation scenarios in different industries:

RPA in Telecommunications: When it comes to a telecommunications business, speed, cost, and technology are the three most important factors. RPA will help telecommunications companies in the following areas,
Improves productivity & scalability
Cost reduction
First call resolution benefits: RPA software enables to access data rapidly
RPA in Banking: Incorporating RPA into a bank’s workflow reduces labor and operating costs. It also greatly decreases human errors and tasks. Banking automation through RPA technology, for example, reduces processing costs by 30 percent to 70 percent by reducing turnaround time. The banking industry can also benefit in the following ways,

• Improved customer service
• Automated accounts payable
• Fraud alert
• Credit card and debit card processing
• KYC verification
  RPA in Insurance: The insurance industry needs to collect valuable data and automate routine activities. The insurance industry makes use of the following RPA use cases,
• Form registration
• Claim processes
• Regulatory compliance update
  RPA in Healthcare: Manufacturing firms have shifted their development units to automated software bots as a result of robotic process automation. Automation has resulted in a 40% reduction in operating costs in product assembly, quality control, packaging, and back-end processes. ERP automation, Data update, and customer support system are some of the examples.

RPA, like cognitive reasoning applications, is expected to advance further. As organizations implement RPA tools to improve operational efficiency and cost savings, the technology’s ability to allow quick, precise operations in industries like retail, telecommunications, and finance will continue to drive growth.

#roboticprocessautomation #rpa #robotic-process-automation #rpa-services

Connecting Robotic Process Automation and Test Automation

Connecting RPA and Test Automation

RPA and test automation recite completely similar if you haven’t been working combined with both, so how are they different? A lot of things to explain concerning RPA and test automation signify alike, such as quick deliverance, shorter time and cost consuming, accuracy, QA, reduced human interference, and automation. But, RPA is a step ahead approach that provides more advantageous support to test automation in different ways. Both don’t connect with similar tools to perform automation.

Both look alike because they rely on automation though there are differences.

Robotic Process Automation (RPA) Testing

RPA testing can be grouped into two categories:

1. Testing the Business Process Automation through RPA

2. Testing the instructions passed on to Robots to execute user actions

Testing the Business Process Automation through RPA

It is an automated testing solution used for test design, creation, and execution. It includes:

• Reusable business components
• Business process tests
• End-to-end business process automation by RPA tool that has to be validated

Testing the Instructions Passed on to Robots to Execute User Actions

• Interpretation of the models by Robots
• Scheduling of the Robots to work as intended
• Exception Handling
• Performance Handling
• Web services Handling

Most of the aspects mentioned above need not to be tested regularly but, it needs to be tested when the model has designed/modified or before a Robot has put into use.

Conclusion

The goal of RPA is not to replace test automation. Both have “automation” in general, so both can perform different objectives. There are several test automation tools but, RPA particularly has preferred for its smooth life cycle and easy adaptability. The main disadvantage of test automation tools, all have built for a specific product or application type.

RPA can be implemented to processes and can be customized based on the demand, so they are not limited. The User Acceptance Test (UAT) can be more accurate and productive with the involvement of RPA. So, RPA can consider as a new powerful tool for software testing.

The differences are vital, both processes if performed together, will produce phenomenon business modules and loyalty. Perhaps, it has expected that RPA and test automation both will endure as a powerful technology to enhance the QA of applications.

#software testing #test automation #rpa #robotic process automation #application testing