Robotic Process Automation (RPA) To Replace 35% Of All The Jobs By 2035?

Robotic Process Automation (RPA) To Replace 35% Of All The Jobs By 2035?

Advanced software applications, called Robots are being used in many Information Technology (IT) firms to perform the repetitive tasks replacing the human resources. One such giant leap of using robots or the artificial intelligence (AI) in the automation of software processes replicating the actions of human beings is termed as the Robotic process automation (RPA).

A software robot acts similar to a human operating on the user interface, and can perform a simple task like entering data into a database to a complete end-to-end business process. RPA is termed as the successor of the popular screen scraping mechanism with more resilience, reliability and scalability to handle huge enterprises. Each robot will have its own virtual workspace alike a human worker and uses a virtual environment to control all the mouse and keyboard actions to perform any operations.

Unlike the coded programs, software robots perform their tasks based on the predefined process steps avoiding the regular coding platform. They provide the most capable way for the non-technical users to perform any kind of business actions. It is also certain that a software robot can be considered as a virtual employee that can be trained in any possible manner by the business users. It can be beneficial in two ways, one being the independence to IT professions to focus on more useful developments and the other being its ability to work all by itself.

Features to consider in Robotic Process Automation (RPA)

Zero programming skills:

The exquisite feature of the RPA is the non-requirement of any programming experience. Typical people with expertise in subject or business operations can easily learn the RPA involved automation process within few days. Most of the Robotic Process Automation (RPA) tools involves a simple process of drag and drop, attaching icons to represent the steps involved in the process.

Easy to adapt:

It is often evident that many companies avoid changing the current workflow to an advanced system because of the disruption involved. But Robotic Process Automation (RPA) makes it easier in transforming the application without hindering the current process systems by accessing the end-user computer systems under an established access control protocol.

Best friend to business people:

It is the inessential programming skills that brought Robotic Process Automation (RPA) closer to the business users, where the robots can be trained as per the requirement at lower costs and greater efficiency.

Top Robotic Process Automation (RPA) software vendors

Automation Anywhere

The developer of Automation Anywhere Enterprise software with a workforce of software bots, combining the regular RPA process with elements like unorganised data processing and language processing.

Blue Prism Group

A London based company, a leading manufacturer of RPA software to produce high returns, mitigate risk and eliminate manual strenuous work.

BlackLine

A computer software firm that develops the cloud-based accounting software for the business organizations to maintain their financial reports.

UiPath

One of the contemporary developers of Robotic Process Automation (RPA) software, provide the organizations with a platform to automate their business systems efficiently.

WorkFusion

A leading company in manufacturing of Robotic Process Automation (RPA), artificial intelligence, chatbots and the crowd solutions. They developed the world’s first free RPA software for the business operations.

Datamatics

Based out of Mumbai, India, Datamatics provide different kinds of consulting services using robotics, machine learning algorithms and AI. Recent achievement garners the development of automated fare collection for Lucknow Metro Rail Corporation.

NICE Ltd

Expanded as Neptune Intelligence Computer Engineering is the leading business software providers in Israel, developing local and cloud software using the advanced analytics.

Trending RPA tools in the market

As per the Forrester Wave Q1 report for 2017, the top RPA tools available in market are,

  • Automation Anywhere
  • UiPath
  • NICE
  • BluePrism
  • EdgeVerve
  • Workfusion
  • PegaSystems/OpenSpan

UiPath is topping the category of technology, Automation Anywhere has the largest market and Blue Prism offers best bot deployment, governance, and security features. These three RPA software are dominating all the other available options for a long duration of time.

Blue Prism, being the introducers of term Robotic Process Automation (RPA), is having a client base more than 100 around the world and an active partner with industry giants like Accenture, HP, Hexaware, IBM, Capgemini, and so on. UiPath with their three variants of RPA software, UiPath Studio, Front Office and Back Office – UiPath Robots, and UiPath Orchestrator, provides software support to biggies like SAP, BBC,JP Morgan, Ernst & Young, and Deloitte etc. Following these two, Automation Anywhere is providing its services to companies like Infosys, KPMG, EMC2, and Genpact etc.

The global software market will be directly influenced by the growth of Robotic process automation software and many interesting opportunities may face the light in this evolution. As per Oxford, by 2035, 35% of all the jobs may be automated and other studies also reveal that expanding RPA increases the quality of the results, decreases overall cost and boosts the service levels.

About Anand Sai 84 Articles
Anand Sai has worked in the field of market research as an analyst and a consultant and has also operated at several leadership positions. He has an enormous experience with respect to the compilation of high-quality market research reports and boasts over six years of experience in end-to-end project management. Anand is a dependable voice in the market research field and has been named in some of the top industry publications. He is also a travel junkie and loves to explore new places with his friends.