Robotic Process Automation (RPA) is creating a revolution and is one of the hot topics that rules the industries today. Recently, Global Market Insight, Inc. stated that the Robotic Process Automation Market size is set to exceed USD 5 Billion by the year 2024.
Researchers at Hadoop estimate that the potential savings that companies will experience with RPA by 2025, is between $5 trillion to $7 trillion, with tasks performed equaling the output of 140 million.
But what about your organization? Have you started RPA adoption, or are considering the idea of cost-saving and efficiency using RPA?
In case your answers are affirmative, here are four guidelines outlined by our RPA specialists who will give you a comprehensive understanding on the approaches to effectively include and execute RPA into your business processes.
Identify the Procedures Generally Amiable To Automation
A successful implementation starts by researching for the processes in your business that could help you benefit from RPA adoption. Initially, a certain level of evaluation of the potential processes is required. It is imperative to note that every process in the organization may not be suitable for RPA implementation. Once the scope has been outlined, the objective of the RPA initiative has to be characterized
Specify your Goal
The objective of any automation venture should be clear. Quantifiable goals and measurable expectations should be set. Selecting an RPA provider that meets your requirements is crucial. Once you have identified the processes, invite vendors who can help you test the new RPA technologies with proof of concept (POC) as per your requirement, before you go ahead with a full-fledged implementation. Worried you need to pay? You can schedule a free Consultation here.
It is imperative to plan your automation journey through a series of careful evaluations for future economic profitability.
As Robotic Process Automation is closely linked to Artificial Intelligence and Machine Learning, it is well established that gradually Artificial Intelligence or Machine Learning may be brought into the picture for additional improvement. Therefore, it is important to think long-term and analyze current RPA success by focusing on the flexibility and ROI of the RPA Solution.
Craft Automation Expertise within Employees
Thinking long-term means acquainting your employees with the automation journey you are yet to embark upon. The primary goal should be to train your employees. This training will help them to manage, monitor and support RPA related tools in the future. Avoid stagnancy and continue to encourage employees to roll out new suggestions to further improve speed and enhance agility.
Managing the RPA Lifecycle
In order to execute the implementation plan, it is mandatory for employees to be trained well. A strategic layout should be set in motion which documents, tracks, and completes the implementation journey with ease. This strategic plan should additionally include governance, operating model, organizational structure, and the management plan of the automated process to ensure its seamless functioning.
According to the Shared Services and Outsourcing Network (SSON), a recent RPA Summit survey stated that, “64% of respondents felt that people were central to RPA implementation.” This plainly showcases the absolute necessity for the right RPA Vendor, who is familiar with the right technology and implementation methodology
Even as you read, it is imperative to note that RPA is taking the world by a storm. Being a massive opportunity for cost saving as well as revenue growth, RPA helps by digitizing the labor intensive work with the help of machine intelligence, which in turn delivers business value to its users.
With a proven track record of delivering successful deployments across industries, CIGNEX leverages the best RPA software’s and combines them with the business process management skills to streamline operations for its clients.
RPA experts at CIGNEX, help clients throughout their automation journey which enables them accelerate their business performance & growth
Want to hear more about our RPA expertise, or looking for support on your RPA initiatives? Get in touch with us Now.