A notable writer once said, “Technology made large populations possible; large populations now make technology indispensable.” As the COVID-19 pandemic has proved, that writer was not mistaken in his assertions. As a result of the pandemic, it would be ill-advised for owners of industries to expect, permit, or allow employees to continue working together in the same confined space as such an arrangement would no doubt increase the spread of the COVID-19 virus that has changed the way business is run. To reduce the scourge of the virus, employers of labor have adopted a “work from home” strategy that means that employees would have to carry out tasks, duties, and assignments remotely.
We hate to say this, but the COVID-19 pandemic hasn’t been all bad- at least technology-wise. We say this because statistics have revealed that it has brought about Digital Transformation by opening the eyes of many companies to the need to adopt RPA Software into their business operations. But just what is RPA and what Trends should you watch out for in 2021?
What is RPA?
The acronym “RPA” stands for Robotic Process Automation. RPA, therefore, is the adoption of robotic process automation technology into a company’s business or process to reduce the amount of time utilized in carrying out repetitive, mundane tasks carried out by humans. RPA utilizes RPA Software which is primarily content intelligence to weed out the issues of human error, costliness, and the drudgery of repetitive tasks on employees that would be better suited doing more productive work or in roles where human intervention is necessary.
RPA Software combines machine learning with content intelligence, thus, allowing companies to direct their resources in such a manner that they achieve the best return on their investment.
Top 10 RPA Trends in 2021
1. The adoption of RPA software in finance
The financial sector looks set to benefit from the digital transformation that is RPA. In the year 2021, it is expected that the orthodox method of automation will be jettisoned for the more in fashion model- RPA Software. Because of the RPA software’s ability to help customers seamlessly navigate through the complexities of business.
2. Data Protection:
Technology is fluid. This fact can only mean that changes and advancements will continue to occur to improve the present state of RPA Software. With these changes to content, intelligence will arise the need to ensure that the data and information processed with the aid of RPA Software are safe. Hence, it is no surprise that PII Data Privacy and Data Protection will be paramount in RPA Software going into the future. A special need for protection will certainly arise within the healthcare industry where there is the need to keep patient records confidential. And of course, customer data will need protection from identity thieves and hackers.
3. Sustainable development
Success in every given venture moves from a refusal to give up or give in to failures. It will be no different with RPA Software as it is expected that there will be a need for several recalibrations and repairs on the software before it can be perfected to do all its capabilities promise. So, it is expected that in 2021, companies would do their utmost to adopt and adapt content intelligence and try to perfectly sync RPA Software into their businesses.
4. More influence for IT
It is to be expected that in 2021, there will be more freedom in IT to allow for the ownership of automation that is shared and create room for developers to make contributions. For this to happen, steps have to be taken to ensure the overall safety and security of content.
5. Out with the old in with the new
One area in which RPA software is bound to make changes is in the use of hardcopy or paperwork. RPA software that source, extract and process data will at first reduce and eventually totally do away with the need for paperwork and improve productivity.
6. RPA Software and the Cloud
As RPA Software continues to achieve scaling, it is expected that it will be utilized even on applications based in the Cloud. This integration with the cloud would enable the task to be shared along with different platforms and result in companies who have integrated RPA Software into their business processes reaping the benefits of an increase in return on investment.
The only constant thing is change. Whereas some companies and industries were initially averse to the use of RPA Software or content intelligence in their business processes, it is expected that their stance will change this 2021. The facts are there to show that RPA Software is the future and that just as with any other invention, those who refuse to adopt it on time are clearly in a losing battle with digital transformation.
More so, despite their reluctance to implement RPA Software, companies and industries who now wish to implement it may have a slight edge over those who implemented it before now as what amounted to hassles or bugs of the RPA Software in the past have now been resolved.
8. Intelligent Processing
In these times of digital transformation, with the advent of RPA Software and Content Intelligence, it is to be expected that Intelligent Processes continue to be adopted to ensure more error-proof tasks. For instance, RPA Software could be made to focus on streamlined tasks while Content intelligence executes more complex tasks.
9. RPA Uptime
It is to be anticipated that more and more companies will focus on RPA uptime to ensure that once implemented, they enjoy the full dividends of RPA Software.
10. Increased Acquisitions
It is expected that there will be an increase in Consolidations and acquisitions in the automation space and RPA Software will not be left out.
Over the past few years, RPA has grown remarkably and from all evidence, there is no sign that it is slowing or will slow down. The advice is to get on board this journey of digital transformation that is taking the world by storm.