Robotic Process Automation (RPA) is a revolutionary technology that is bringing exceptional digital transformation across the globe. Since its inception, it has come a long way and impressed everyone with its superb automation capabilities to drive more revenue. This fascinating technology is going to offer much more than what it delivered before.
What are all those things? Let’s explore in detail.
Here we present to you the best robotic process automation trends that will gain the attention of people in 2022.
1. Rise of RPA CoE
Implementation of robotic process automation technology is undoubtedly beneficial but comes with its own cost and business complexities. The establishment of the RPA Center of Excellence (CoE) helps enterprises manage their RPA system with ease at a reduced cost. It integrates people, processes, and technology better with the company’s vision and helps in achieving the best automation goals. RPA CoE promotes greater innovation and accelerates performance to a great extent. Maximizes ROI capabilities too. Due to these business-friendly reasons, its acceptance is growing in the RPA industry.
2. Smart Process Automation
Robotic Process Automation technology is good for automating rule-based tasks. But when you want to handle complex tasks where decision-making capabilities are required then you need something more. Smart Process Automation (SPA) is that important thing. It is one of the popular RPA trends that is catching the attention of everyone these days due to its enormous automation capabilities. It adds intelligence into the automation system and helps you automate complex tasks as well. It is the advanced version of RPA powered with Artificial Intelligence (AI) and machine learning capabilities. SPA mimics human intelligence and helps you boost efficiency, productivity, and accuracy way greater than simple RPA bots.
3. Low Code Platforms
RPA development service is a complex task. Only skilled RPA developers can create RPA bots as per the business requirements. However, now there is a growing demand for creating something unique through which citizen developers can enable automation of any scale with ease. For them to succeed there is a need for a platform where no-code is required to create automation. Low code platforms use a visual approach to development. You can create intuitive interfaces using simple drag and drop. It proves beneficial for enabling end-to-end automation without any complexity. It is a great boon for citizen developers.
4. Increased Adoption Across SME
There was a time when RPA was majorly embraced by large enterprises. But the pandemic showed the power of automation to everyone. Now small and medium enterprises are also taking a keen interest to hire RPA vendors to roll-out RPA implementation. They are now realizing the importance of automation to remain competitive and resilient in the market. According to one survey conducted by Deloitte 73% of senior executives revealed that their organizations are going to adopt RPA in coming times. The RPA industry is expected to gain big from this changed perspective.
5. Broader Applications & Use Cases
Initially, Manufacturing and Finance were the core sectors where RPA implementation took place. Now the RPA trends suggest that there has been an increase in its adoption across many sectors. From Customer Care, Telecom, Healthcare, Logistics, Real Estate, to Insurance, RPA is strengthening its foothold and is expected to add many new sectors under its net in the times to come. Moreover, its use cases are also expected to dynamically expand with continuous upgradation and innovation in automation technology. Any simple-to-complex task can be automated irrespective of industry.
6. Cloud Automation
Cloud automation is expected to make big gains in the robotic process automation market. It is one of the most fascinating RPA trends that can offer immense benefits to enterprises like
- Zero implementation time
- No IT infrastructure required (100% browser-based deployment)
- Provides ROI faster
- Boosts project turnaround time
You don’t need to worry about RPA development service explicitly. The cloud service provider can manage the entire end-to-end automation roll-out without any hassles.
7. Software Partner vs Vendors
Along with time, the expectations of clients are also growing. The RPA market trend suggests that customers do not just want excellent automation software from their RPA vendors. In Fact, they look for a partner who along with software development can add much broader value to their automation endeavor. Customers will search for software partners that can help them in their entire automation journey. Right from Process Discovery, Automation Planning, RPA Development, Testing, Deployment, Training, to Technical Support and much more.
8. Priority on Safety
Security of data will be the top priority while deploying RPA software. The architecture of RPA systems will become more robust to add an extra layer of security so that customers, as well as the company’s data, can be saved from any internal or external threat. From high-end encryption to better data access control functionality, more advanced features will be added and embraced to keep data safe.
9. Gradual Elimination of Paperwork
There are many popular reasons that are often cited for the growth of the RPA industry like enhanced efficiency, better manpower management, and cost reduction. However, there is one reason that is often overlooked. It is the ability of automation to promote a greener future. There are countless tasks in almost every industry that require paperwork. However, with the power of automation, you do not need to work that way. According to one research, by 2025, the industry will be able to execute many business functions without paper with the effective use of automation. Many of the functions are already made paperless like report making, data analysis, etc to a great extent. More will join this green group in the times to come.
10. Promising Future
According to one prominent study, the global robotic process automation market size is expected to boom at an impressive rate. By looking at the RPA trends and study findings, it seems that the RPA market will become a USD 7.64 billion industry by 2028 while progressing at a stellar CAGR of 25.0% between 2021 to 2028. RPA’s ability to drive greater efficiency, accuracy, productivity, and profitability are touted to be the core reasons behind its growing popularity.