Robotic Process Automation (RPA)

What is robotic process automation? Robotic process automation (RPA) is a software technology that makes it easy to build, deploy, and manage software robots that emulate humans actions interacting with digital systems and software. Just like people, software robots can do things like understand what’s on a screen, complete the right keystrokes, navigate systems, identify and extract data, and perform a wide range of defined actions. But software robots can do it faster and more consistently than people, without the need to get up and stretch or take a coffee break.

RPA automates everyday processes that once required human action – often a great deal of it performed in rote, time-consuming fashion. That’s also how RPA promises to boost efficiency for organizationss.

RPA actual use

Banking and finance process automation.

Mortgage and lending processes.

Customer care automation

eCommerce merchandising operations.

Optical character recognition applications.

Data extraction process.

Fixed automation process

The speed of decision-making plays a similar role in the age of digital giants. Any organization that can make decisions twice as fast (or one thousand times faster) than its competitors will decimate them. Time is a friend to those who can make faster, more accurate decisions.

In the digital world, machines and artificial intelligence engines can make a decision in milliseconds. Whoever masters these automated decisions at high velocity will have an exponential advantage over those who don’t.