Why Should You Add RPA To Your Skillset In 2024?

May 2nd, 2019
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Nothing matters to your career more than the perfect skill set you to carry, the more attractive a candidate you become for a better position in your chosen field the more acknowledgment and benefits you will receive. Being acquainted with the latest innovations and plan in your field gives you a leg up on the competition, presents you as a more valuable asset to your company, and makes you a keenly sought-after choice that you should decide to move further on. That is why if your career is anyhow associated with Artificial Intelligence, Machine Learning, or Robotics, then you need RPA to polish your skill base and stay ahead in your career. Read on, and get brought up to speed on this exciting and increasingly implemented new technology.

What is RPA?

It's the Abbreviation for Robot Process Automation (RPA), which could be defined as software with artificial intelligence (AI) and machine learning characteristics, designed to accomplish basic, repetitive tasks normally performed by humans. One should make a note that it is not actually artificial intelligence or machine learning by itself. We'll explore why, later.

RPA is divided into four different streams.

  • The first stream consists of software that's very customizable and dedicated to processes related to specific work fields such as accounting or finance.
  • The second one deals with automated data collection.
  •  The third handle template-driven self-development kits for the use of programmers to custom-design robots in particular industries and organizations.
  • Finally, the fourth one covers reusable, scalable software specially designed for enterprises.

The presence of RPA demands comparison with the term “machine learning,” particularly since the recent figures into the former to a lesser extent. Still, the major difference between machine learning and RPA is that Robotic Process Automation mimics human actions in order to accomplish a task, usually something easy and repetitive. Machine Learning simulates human intelligence and thinking.

The Origin of RPA

We've found that Robot Process Automation (RPA) helps automate the repetitive easy and slow but important tasks that no one really needs to do.

According to a press release report, industry adoption of RSA scored a 105% growth rate between 2016 and 2017. In addition, the RPA software market has enjoyed an average of 95% growth this past year, reaching $500 million USD. In addition, experts predict a growth in the range of 75 to 90 percent through 2019.

Most of the remarkable growth comes from small to medium-sized enterprises, with North America dominating the RPA market, although Europe and the UK account for the highest major market growth. Not ignoring the fact that the Asia-Pacific region is also adopting RPA in larger numbers in the telecommunications, retail, IT, and healthcare industries.

Hadoop adds to the growing proof of RPA's growing control with predictions that the savings of RPA usage will reach to potential savings of around $6 trillion USD by 2025. At the hand, RPA will be capable enough to take care of the tasks equal to the output of 140 million full-time hours (FTE) with the same time frame.

What Are The Uses of RPA?

While all of the above information about RPA sounds pleasing, the real test of its worth is when one is able to determine how profitable it is to them and their enterprise.

As it turns out, RPA has been administered in various industries (e.g. banking, retail, insurance), releasing employees to tackle more rewarding tasks, things that could increase their own visibility in the company and consequently result in increased benefits and other rewards.

Robotic Process Automation can be utilized for jobs such as:

  • Updating user information
  • Employment history verification
  • Payroll automation
  • Updating inventory records
  • Issuing refunds
  • Order processing
  • Shipment scheduling and tracking
  • Customer due diligence tasks
  • Vendor, customer, and employee onboarding
  • Data extraction from PDFs and other documents
  • Generating mass e-mails
  • Generating and delivering invoices

This is just a part of the list of things that RPA can handle, and all of them are tasks that are repetitive, time-consuming, and let's face it, thankless.

 Although people may be worried about automation taking their jobs, it's safe to say that no one has a powerful attachment to these particular jobs, and wouldn't be upset to see them removed, until or unless their employment is intact. Check the list of professional course

 It is generally considered that to be effective in working with RPA, a professional needs to have a grip over skills such as systems evaluation, systems analysis, programming, and mathematics. Furthermore, the aspirant should have expertise in decision making, problem-solving, and communication.

Future in RPA

Along with the learning gathered through all this information, it's obvious how Robotic Process Automation can be a potentially excellent career path to take. As more industries of all sizes around the world adopt RPA processes to streamline operations, there will be a rise in the need for professionals who are adept at working with this new technology.

One thing that is understandable is, that companies of all sizes have tasks that no one wants and requires to do, and with given the option to automate them, they will do so. There will always be a demand for more people who know how to execute and manage such processes.

If you already have experience and skill in concepts such as machine learning and AI, adding RPA will round out your skillset and prepare you for whatever new developments appear in the near future. No professionals in the fields of AI, ML and robotics are complete without RPA training.

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