What is Robotic Process Automation – RPA UiPath?

Robotic Process Automation – RPA UiPath is the technology that allows anyone today to configure computer software, or a “robot” to emulate and integrate the actions of a human interacting within digital systems to execute a business process. RPA robots utilize the user interface to capture data and manipulate applications just like humans do. They interpret, trigger responses, and communicate with other systems to perform on a vast variety of repetitive tasks. Only substantially better: an RPA UiPath software robot never sleeps and makes zero mistakes.

 

How is RPA Different From Other Enterprise Automation Tools?

In contrast to other traditional IT solutions, RPA UiPath allows organizations to automate at a fraction of the cost and time previously encountered. RPA UiPath is also non-intrusive in nature and leverages the existing infrastructure without disrupting underlying systems, which would be difficult and costly to replace. With RPA UiPath, cost efficiency and compliance are no longer an operating cost but a by-product of the automation.

 

What are the Benefits of RPA?

RPA UiPath Benefits

Robots are here to stay. The faster you harvest their potential, the faster you create a competitive edge for your business. The benefits of Robotic Process Automation are immediately quantifiable and impact multiple areas, such as error reduction, increased compliance, and audit savings. RPA UiPath unlocks even greater return on investment by facilitating digital transformation, enabling incremental revenue opportunities, and freeing resources to focus on process improvements and value-added work.

Super Scalable & Flexible

Across business units and geographies, RPA UiPath performs a massive amount of operations in parallel, from desktop to cloud environments.

A robotic workforce can be as large or as small as the employer needs it to be, and additional robots can be deployed quickly for either no extra or minimal cost, according to work flux and seasonality.

You can essentially train tens, hundreds, or thousands of robots at the same time and expect absolute consistency in job performance. No need to worry about one of those robots daydreaming during training!

Better Accuracy & Quality

Robotic Process Automation software robots are programmed to follow rules. They never get tired and never make mistakes. They are compliant and consistent, therefore reducing errors. When people are manually analyzing data, errors happen quite frequently and can make certain types of data unusable or worthless for your business.

Robots and automated software don’t get sidetracked or distracted by anything, so you can be sure your data will be higher quality with fewer errors if automation is used. In addition to reducing errors helping your data quality improve, it can also improve your customer satisfaction. Fewer errors in customer data mean that there are fewer things for you to fix.

While RPA technologies are not flawless and will malfunction sometimes, they are often much more reliable and accurate than most humans.

Increased Productivity & Efficiency

Employees are the first to appreciate the benefits of RPA UiPath as it removes non-value-add activities and relieves them from the rising pressure of work.  By automating your business process, you will be able to get things done much more rapidly.

Automation can work 24/7 all year long and is capable of doing things much quicker than any human ever could. This also has the benefit of freeing up staff members to take on more pressing and important matters. As a result, your staff will be engaged, satisfied, and have a sense of pride as they will be more focused on sophisticated tasks, while automation handles the more mundane.

Improved Analytics and Security

Robots interact with legacy systems uncovering data that was previously labor-intensive to extract. This enables the analytics team to access more data which leads to more accurate analyses.

Thanks to RPA UiPath, human contact with sensitive data can be minimized, reducing the probability of fraud and compliance issues. In addition, RPA robots maintain an audit trail, everything they do is monitored. You have the full control to operate in accordance with existing regulations and standards.

Fast Cost Savings

RPA UiPath can reduce processing costs by up to 80%. In less than 12 months, most enterprises already have a positive return on investment, and potential further accumulative cost reductions can reach 20% in time.

These technologies are affordable and easy to implement, and not at all difficult to get started with. So, not only will you save money, but you could potentially use the cost savings to improve other parts of your business, as well.

6 Misconceptions About Robotic Process Automation

1. There are physical robots involved in RPA

The term Robotic Process Automation is, unfortunately, a misnomer. For no physical or industrial robots of any kind are involved. Instead, what you get are software robots (or just simply a software) automating digital tasks that are mundane and repetitive in nature.

 

2. Robots are 100% accurate

In a sense, the robots are really only as accurate as to how the robot developer programs them to be.

This is because the RPA UiPath robots do not have any cognitive capabilities themselves. They will simply execute the set of instructions (to a T, it must be said) that they have been preconfigured with.

So if the robots have been wrongly configured or if some of the underlying assumptions concerning the robotic operations are erroneous, then errors will be inevitable.

 

3. A RPA developer does not require programming skills

“RPA that’s so easy, every employee can use it.”

Many vendors are positioning RPA as simple and easy to use the software. One which any end-users, subject matter experts, or non-IT personnel with no programming skills can use to design and develop their own automated solutions.

Accordingly, it is not uncommon to come across tenders that specifically call for a solution that caters to users with all levels of IT proficiency including users who have little to no programming background.

Unfortunately, such an approach often leads to the path of disillusion. For example, it has been widely cited that the failure rates of RPA initiatives are anywhere between 30 and 50 percent.

Why is this so?

Many of the actual processes that need to be automated are fairly complex with a number of interdependencies. Accordingly, the solution that is designed needs to be fairly robust with the ability to handle exceptions gracefully.

This is not something that any organization can reasonably expect their normal users to accomplish. For example, a robot developer will often make use of selectors to interact with the various onscreen elements of an application. There is a fair bit of technicality involved in this process.

 

4. RPA is expensive

The annual cost of a robot is lower than the loaded wage of a Full Time Equivalent (FTE). And that is not because a robot works 24/7 with no lunch breaks, no annual leaves, and so forth. Consider also that the fact that one minute of work for a robot is roughly equivalent to fifteen minutes of work for a human employee.

And RPA is definitely cheaper if you consider the other alternative — taking the traditional system integration approach where the total costs and project duration are so much higher.

 

5. Robots can automate everything

Most definitely not.

In fact, there are very strict guidelines on the type of processes that are suitable for automation using RPA UiPath.

Some of these criteria include:

  • Rule-based
  • High transaction volumes
  • Low exceptions
  • Stable and well-defined processes
  • Low system change
  • Structured data and readable electronic inputs

Nevertheless, even if a process ticks all the above check boxes, it does not necessarily mean that automating through RPA UiPath will bring about real tangible benefits.

And that is because the underlying process itself may be inefficient and needs to be re-engineered first.

“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” — Bill Gates

 

6. Robots can be left unattended 24×7

This will be the ideal end-state but can be difficult to realize in practice.

Typically, you will require a robot or process controller (a human) who is responsible for running, scheduling, and monitoring the robots, handling exceptions, tracking robot performance, and all other production support activities.

Equally important is the need to establish a Business Continuity Plan. Because robots will and do break down, so you will need a contingency plan in place (which may not involve robots).

Which brings us back to the earlier point that robots will never eliminate humans from the workforce.

 

 

Source:

Robotic Process Automation

11 Myths About Robotic Process Automation