Robotic Process Automation

 
Robotic Process Automation (RPA) is an emerging form of process automation technology base on the premise of artificial intelligence workers (robots). Being significantly evolved technologically, Robotic Process Automation emerges as a new software platforms sufficiently resilient and reliable, viable for use in large enterprises models.

Hosting of
Robotic Process Automation (RPA) services aligns with the metaphor of a software robotic, where each robotic instance has its (virtual) workstation, as much as human worker would. Implementing an automated landscape significantly changes the role of the professional: but not in the way you may imagine.
 
"Many are concerned that [Robotic Process Automation] technology will eliminate jobs, while in fact, it will eliminate the most time-consuming, manual processes that prevent accountants from delivering the strategy and analysis that drew them to this profession in the first place." (Mario Spanicciati, Blackline Magazine)

Among other tecnhological trends, Robotic Process Automation is expected to drive a new wave of productivity on immediate operational and cost efficiency effectiveness in global labor market: it will not drive the price of products and services down, it will increase the services levels up, Among other technological trends, Robotic Process Automation is expected to drive a new wave of productivity on immediate operational and cost efficiency effectiveness in global labor market: it will not drive the price of products and services down, it will increase the services levels up, allowing a more quality services’ personalization.

Modern solutions based on architectures such as
Robotic Process Automation owes much of its scalability to the virtualization technology advent, without which the scalability of large deployments would be limited by the available capacity to manage physical hardware and all the associated costs. When compared to tradition non-RPA solutions, the implementation of Robotic Process Automation in business enterprises has dramatic cost savings.

This change appears as a critical one, as professionals of all areas (accounting, finance, etc.) are experiencing external pressures to produce more, with less information.

"Robotic Process Automation (RPA) is not replacing accountants, but evolving their role and augmenting their effectiveness through automation. It is a progressive, positive, and necessary shift that is creating the digital workspace for accounting and finance professionals to focus on the greatest value they can provide to their organization."  (Mario Spanicciati, Blackline Magazine)

Artificial Intelligence Workers are configured to interpret user interfaces of third party applications and to execute actions identically to a human user, rather than being programmed by code-based instructions (not seeking to provide another platform of coding, meaning that it frees up the time and skills of professionals, allowing them to concentrate on more stimulants long term strategic implementations).
 
Robotic Process Automation takes the robot out of the human, taking over the routine and repetitive elements of your professional’s workload leaving them free and fully committed into more meaningful and interpersonal roles.
 

OTHER INSIGHTS ON DIGITAL TRANSFORMATION
 
  Previous:
Machine Learning
Following:
The Accountant of the Future
   

Find more information about Robotic Process Automation (RPA) solutions here.

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