The imagination of breaking through 5 billion US dollars: RPA market continues to be optimistic, how to provide support for enterprise process reengineering
RPA (Robot Process Automation) refers to the use of software robots to automate business processing. It is one of the hottest fields in the current technology field.
RPA robots use the user interface (UI) to capture data and simulate human operation applications. They can imitate the behavior of most human users, recognize, trigger, respond, and communicate with other systems to perform various repetitive tasks, including Log in to applications, move files and folders, copy and paste data, extract structured and semi-structured data from documents, grab data, and more.
The RPA market has broken through the imagination of US$5 billion.
For some time, the media has often quoted Transparency Market Research’s forecast that the global RPA market will be only US$5 billion by 2024, showing that the RPA market is not as broad as imagined.
But is this really the case?
The media's quotation of TMR data obviously does not take into account the role of artificial intelligence (AI) in supporting RPA.
RPA combined with AI capabilities is no longer a pure RPA, so whether this market can break through this ceiling depends entirely on how we define the future of RPA. After RPA+AI, the boundaries of traditional RPA capabilities will be greatly expanded, far beyond the RPA ecology, and there will be more room for imagination.
Also optimistic about RPA is Gartner, a well-known American information technology research company. In a recent research report, Gartner believes that the RPA industry will reach 1.3 billion US dollars in one year.
As the scenarios where RPA can be combined continue to expand, and the value of RPA is still being explored, there are still variables in the state of RPA in the next few years without a clear definition.
Will the RPA industry be polarized?
The future RPA industry is expected to change in two directions.
On the one hand, there will be large-scale projects with extremely high compliance and security requirements; on the other hand, there will be a form of low-end prices and independent development and use for enterprise IT departments.
Obviously, the development cost, cycle and process of large and small projects in the future RPA industry will be different. Therefore, this requires RPA vendors to have more coping strategies beyond the standardized development process.
Build a corresponding RPA open platform to create a unique solution for enterprise automation.
Ecological construction can provide more solutions for more players. At present, for large customers, domestic RPA manufacturers mainly provide customized solutions.
However, it is certain that the industry is still optimistic about the development of the domestic RPA industry. It is believed that in 2020, all walks of life will witness the further development of China's RPA.
Where is the advantage
of RPA? With RPA, companies can automate daily tasks quickly and efficiently. RPA robots can be easily integrated into a wider range of automation plans (such as process and decision automation, data capture plans), thereby extending the value of automation projects.
1. Speed up the time to value realization. Create, test, and deploy new automation solutions in hours instead of days or months.
2. Reduce human error. Almost all copy and paste errors caused by entering the same data into multiple systems are eliminated.
3. Improve throughput. Complete all-weather automation tasks in a few seconds or minutes, providing higher value to enterprise customers.
RPA transformation of enterprise business processes After the
implementation of RPA process reengineering based on information construction, the benefits brought to the enterprise will be shown in the following points:
1. The optimization of key business processes is
realized. The optimization of business processes can be achieved by using RPA. RPA robots can replace manual operations in certain links, change the efficiency of process operation, realize the integration of different tasks, delete non-value-added activities in the process, and achieve more standardized internal management.
2. Improve the efficiency of the transmission and use of internal information within the enterprise. The
implementation of RPA process reengineering based on information construction can bring high-efficiency information transmission to the enterprise. This is mainly manifested in the standardization of information format, fixed transmission channels and other functions, thereby making information Smooth transmission and no distortion. At the same time, it can realize timely and efficient processing of information, carry out statistics, analysis and mining of data, and provide decision support for the operation and management of enterprises.
3. Improve the management efficiency of the enterprise.
With the help of RPA, dynamic monitoring of the business process can be implemented, which solves the problem that the financial management of the enterprise is limited to post-accounting without prior and process control. With the help of RPA, companies can find problems such as excessive inventory of raw materials and finished products, excessive production costs, and bad debts in the sales process. Through RPA, synchronous management of external institutions and resource sharing can be realized, and the ultimate performance is to improve the management efficiency of the enterprise.