Future of RPA: In-depth Guide to RPA Innovation in 2021

High Score Labs News   •   Mar 24, 2021

Robotic Process Automation (RPA) is rapidly making waves in the way it’s transforming business operations for a more streamlined, less burdensome approach. RPA allows you to automate your business operations from mundane, everyday tasks to tasks like claim processing and customer service support.

Nevertheless, Experts can make much improvement in the field. This article will discuss some aspects of RPA where we can expect improvements in the coming months – and years.

  1. The Commoditization of RPA Will Witness Explosive Growth Thanks to Open Source RPA

Thanks to the introduction of Microsoft to the RPA sector, the technology has witnessed explosive growth in the last few years. According to Gartner, it’s one of the fastest-growing software segments, with 60% growth in just two years. You can expect an even more incredible explosion in the commoditization of the technology in the coming years.

The COVID-19 pandemic and its accompanying disruption of businesses were a significant contributor to the inflation in RPA technology adoption. Despite the development of various vaccines, there seems no end in sight for the pandemic. As a result, we can expect more businesses to adopt RPA for their business operations.

These developments favor open-source RPA. Business owners prefer open-source software for these reasons;

  • They offer greater transparency.
  • They’re cheaper to utilize as businesses only have to pay for services.

Thus, businesses will find open-source RPA a cheaper solution for building a competitive RPA solution for their businesses. Even now, we’re starting to see growth in the segment as new companies specializing in open-source RPA solutions are popping up everywhere.

  1. RPA Capabilities Will Widen Greatly

At the moment, RPA is very efficient and can carry out a vast range of tasks. In 2021, however, we expect to see an increase in RPA capabilities. It’ll come about in these ways:

  • RPA Marketplaces

These allow RPA to integrate with diverse platforms, including operating systems, CRM software, etc., to extend their reach. Developers of popular software can now submit their codes into RPA deployments, allowing the RPA to use the same code to improve its capability. An example is in automating document-based processes. Developers rely on simple OCR tools built into RPA systems and rule-based programming to identify text. Meanwhile, machine learning-based document extraction tools can be integrated with the RPA to make automating document-based tasks more comfortable and more accurate.

  • Artificial Intelligence

As AI, machine learning, and deductive and inductive analytics become more refined; you can expect RPA to perform more complex tasks and take on a broader range of processes.

  1. More straightforward Implementation of RPA Technology

Much of the cost of RPA implementation comes from programming the system. RPA developers are required for the task; they’re not exactly easy to find. Thus, startups and RPA companies offer a more manageable alternative – low code and no code RPA.

Low/no-code RPA simplifies the programming process and cuts down on cost, making RPA implementation easier. It’s already finding moderate success in the enterprise software segment as the successes of Twilio and Airtable make apparent.

Conclusion

RPA technology is sure to witness considerable growth in 2021 and beyond. Implementing the system for your business will ensure enduring relevance now and in the near future.

Robotic Process Automation (RPA) is rapidly making waves in the way it’s transforming business operations for a more streamlined, less burdensome approach. RPA allows you to automate your business operations from mundane, everyday tasks to tasks like claim processing and customer service support.

Nevertheless, Experts can make much improvement in the field. This article will discuss some aspects of RPA where we can expect improvements in the coming months – and years.

  1. The Commoditization of RPA Will Witness Explosive Growth Thanks to Open Source RPA

Thanks to the introduction of Microsoft to the RPA sector, the technology has witnessed explosive growth in the last few years. According to Gartner, it’s one of the fastest-growing software segments, with 60% growth in just two years. You can expect an even more incredible explosion in the commoditization of the technology in the coming years.

The COVID-19 pandemic and its accompanying disruption of businesses were a significant contributor to the inflation in RPA technology adoption. Despite the development of various vaccines, there seems no end in sight for the pandemic. As a result, we can expect more businesses to adopt RPA for their business operations.

These developments favor open-source RPA. Business owners prefer open-source software for these reasons;

  • They offer greater transparency.
  • They’re cheaper to utilize as businesses only have to pay for services.

Thus, businesses will find open-source RPA a cheaper solution for building a competitive RPA solution for their businesses. Even now, we’re starting to see growth in the segment as new companies specializing in open-source RPA solutions are popping up everywhere.

  1. RPA Capabilities Will Widen Greatly

At the moment, RPA is very efficient and can carry out a vast range of tasks. In 2021, however, we expect to see an increase in RPA capabilities. It’ll come about in these ways:

  • RPA Marketplaces

These allow RPA to integrate with diverse platforms, including operating systems, CRM software, etc., to extend their reach. Developers of popular software can now submit their codes into RPA deployments, allowing the RPA to use the same code to improve its capability. An example is in automating document-based processes. Developers rely on simple OCR tools built into RPA systems and rule-based programming to identify text. Meanwhile, machine learning-based document extraction tools can be integrated with the RPA to make automating document-based tasks more comfortable and more accurate.

  • Artificial Intelligence

As AI, machine learning, and deductive and inductive analytics become more refined; you can expect RPA to perform more complex tasks and take on a broader range of processes.

  1. More straightforward Implementation of RPA Technology

Much of the cost of RPA implementation comes from programming the system. RPA developers are required for the task; they’re not exactly easy to find. Thus, startups and RPA companies offer a more manageable alternative – low code and no code RPA.

Low/no-code RPA simplifies the programming process and cuts down on cost, making RPA implementation easier. It’s already finding moderate success in the enterprise software segment as the successes of Twilio and Airtable make apparent.

Conclusion

RPA technology is sure to witness considerable growth in 2021 and beyond. Implementing the system for your business will ensure enduring relevance now and in the near future.

Contact us today!