Nowadays most companies adopt robotic process automation to streamline their processes, saving time and extra efforts of employees.
FREMONT, CA:Robotic Process Automation (RPA) is gaining popularity in the market and most of the CIOs are turning to this emerging technology practice. Companies can automate several processes with RPA; this will provide them more time to serve customers or to do some other work. Here are some of the RPA trends of 2020:
1. Greater RPA adoption
According to predictions made by Deloitte more than 50 percent of companies will start their journey by 2020, and by 2014 100 percent of organizations will be on board. People are realizing that there is incredible value by adopting RPA, and they also know that other firms which are adopting technologies are standing ahead in the market.
2. Increased RPA Spend
RPA will continue to rise with the rising number of adoption. Forrester predicts that the RPA software market will hit $2.9 billion by 2021—up from just $250 million in 2016. The companies which account for the way software is priced can realize true value of it, and can also scale as they expand usage.
3. Using RPA to Maintain Efficiency
RPA can be used to maintain efficiency in the market. No companies want to experience economic downturn in the New Year, so RPA will be a necessity. Equipping workers with digital assistants to take care of menial, repetitive, time-consuming tasks, organizations can try to optimize their current labor force. In this manner human employees can use their creativity and innovation to take businesses farther than ever before.
4. Rethinking RPA
If the software of companies will be misaligned with business goals and the software couldn’t scale beyond their initial use case then organizations will have buyer’s remorse and will be looking into different RPA solutions by the end of the year. If large number of firms will adopt and look to scale with RPA solutions, the aim will be to choose the right processes and the right automation tool. It will support employees and make the most of RPA.