Robotic Process Automation - Why It Is Worth The Investment

1. Robotic Process Automation - Why It Is Worth The Investment So we’re dealing with the new kid in town here. Robotic Process Automation is still a fresh entrant into the world of Enterprise Technology. That might sound like a bit of an overstatement, but it’s largely true. According to a Forrester Report, the RPA market will be worth $2.9 billion in 2021. But interestingly enough, that is only a small portion of the AI spend by the same time, which will be close to $48 billion Now, here’s the thing –Robotic Process Automation is prolific. It is definitely gaining traction across industries, where employees are assuming roles that hold more business value than just mundane tasks. That’s just one of the major benefits of RPA. Several Business consulting firms would recommend the same, to make better use of your existing teams, to make their lives easier, to cut costs, so on and so forth. The progress has been gradual, but nevertheless, the impact has been monumental. But despite the array of advantages, several decision makers are still in two minds about the real value of RPA and its long-term benefits. Here’s what they should know; they are losing out on a massive opportunity to increase their productivity levels. They are losing out on a competitive edge. They are losing out on a chance to help their employees. And it doesn’t end there. If one thinks RPA is not worth investing in, they should give this a read. What does Robotic Process Automation offer? Profitability - It’s economical, and it reduces operational costs. According to Alexander Steinberg from Accenture, it curbs your expenditure in wages too. The general consensus among business

2. consulting experts is that RPA can help businesses cut down their expenses by at least 25-30%. It is expeditious, and implementation does not take very long. Quality and Accuracy - The tasks automated by Robotic Process Automation maybe mundane, repetitive, and preliminary, but the outcomes are near-perfect and absolutely error-free. What does this mean for the business? Time and money saved, on a significant scale. Higher satisfaction rates. Enhanced productivity. And of course, reduced risks. Scalability - RPA is easily scalable, and integration is rather simple and seamless. It replicates processes across departments and locations effortlessly, and it creates a library of assets and learnings from the various processes. Operational Efficiency - Eventually, the RPA implementation will become increasingly self- sufficient. It works around the clock like a well-oiled machine, and it always delivers consistent results. Businesses can count on that. Moreover, there will be no information loss or data breaches. With granular process monitoring, it enhances business metrics and ensures higher ROI. Compliance checks coming up? RPA will make the auditing and reporting much, much easier. Business Insights - Every interaction/process will be recorded and analysed, for any further optimization. These benefits are just the tip of the iceberg. Robotic Process Automation can help businesses of all types at a granular level. It makes a significant impact by flawlessly implementing only the small, menial processes with near-perfect accuracy. If you think it’s worth your investment, we can help you find the right technology partners. Get in touch with Zinnov today: http://zinnov.com