Top 6 RPA Trends to Watch For in 2022
Top 6 RPA Trends to Watch For in 2022
The automation industry has been developing phenomenally around the globe, almost in all business sectors.
Statista reports that the exponential growth of the robotic process automation (RPA) market is predicted to reach ~13.4B in 2030, rising from ~2B in 2021. Consequently, RPA solutions are widening across various industries and offering new opportunities for innovative management of business process management.
Developed as a software solution with the help of artificial intelligence (AI) and machine learning (ML) technology, RPA helps businesses execute routine tasks without any human labor.
2022: The Year of Significant Developments in RPA Adoption
Robotic process automation (RPA) platform migrations have become a normal development. In turn, 2022 is expected to be the year that organizations and enterprises commence enjoying the real advantages of RPA technology.
We have compiled the significant advancements foreseen to be experienced this year:
1. RPA Changes and Creates Job Descriptions
In today’s world, managers are still sparing their time to confirm workflows, fill in forms, and make updates while employees spend much more time on repetitive tasks. Yet, according to Gartner, 69% of routine managerial tasks will be entirely automated by 2024.
Robotic process automation (RPA) bots have some significant impacts on the duties of employees, while it is a myth that technology will take over the jobs of the employees. RPA is generally used for low-skilled tasks such as invoice processing, data entry, etc.
With the simplification of the workflow and acceleration of routine tasks, RPA technology will change employees’ current job descriptions, bringing in higher-skilled duties. The role of people will primarily evolve from executor to decision-maker. They will have more time concentrating on tasks requiring human skills and intelligence while engaging with the customers deeper.
Regarding bots, the staff will be responsible for monitoring bots and ensuring the optimum efficiency of RPA. Resultantly, employee and business performance will increase significantly.
On the other hand, new RPA-related jobs will be emerging for new types of roles needed to handle tasks related to automation. So this will lead to the introduction of unique RPA job descriptions.
2. Across the Enterprise RPA Implementation
As the robotic process automation technology continues to improve, business owners have begun to understand that enterprise-wide RPA implementation provides a centralized platform for automating processes across their organization. As a result, a higher degree of company-wide RPA adoption is expected in 2022.
On the other hand, to deploy RPA Successfully at a large scale, the organizations need a holistic plan including several essential elements such as the scope of the RPA program, business process management, operating model, etc.
It is vital for companies and organizations that plan to implement RPA enterprise-wide should collaborate with an expert provider and act on a sound strategy to ensure a smooth digital transformation.
3. RPA for Reducing Cyber Threats
In today’s technology-driven world, cyber security automation helps businesses diminish the volume of cyber threats.
Consequently, companies of all sizes have already adopted or started investing in robotic process automation (RPA) to protect their businesses from cyber-attacks, mitigate risks and threats, and meet compliance regulations.
Implementing automation in your organization allows cybersecurity teams to focus on more complex tasks. The bots execute the routine and repetitive tasks flawlessly while the cybersecurity team focuses on resolving the critical and technical issues. Thanks to a significant improvement in cybersecurity, organizational risks and threats are minimized.
4. Wider Industrial Use Cases of RPA
Today, it is undeniable that automation redefines the business landscape in many industries, going beyond finance and accounting.
Automation delivers many significant benefits, such as boosting productivity and quality while eliminating errors and waste and improving operational flexibility. In turn, robotic process automation (RPA) solutions are promising betterment opportunities for almost all types of sectors. As a result, a tremendous increase in RPA adoption is expected in various industries this year.
While RPA is mostly in banking and financial services, the use cases for RPA are constantly increasing in many other industries, including healthcare, insurance, manufacturing, retail, real estate, telecom, oil, gas, and energy, pharmaceutical, utilities, automotive, fashion, logistics, etc.
5. RPA-Enabled Smart Systems
In 2022, robotic process automation (RPA) is expected to be more integrated with artificial intelligence (AI) and machine learning (ML) techniques. As a result, the line between bots and digital workers such as software is becoming more apparent, which will dramatically increase this year.
RPA bots will be a much more tremendous help in 2022 as they overcome complex issues by concentrating on tasks based on logged procedures with rules and AI that mimics human behavior.
6. Faster RPA by Low Code/No-Code Tools
Tough no code / low code RPA is an emerging technology; 2022 is an expected time of shifting towards ‘anyone can code.’
While some RPA companies have started enriching their offering with low/no-code solutions, others provide only no-code solutions.
Low-code and no-code modules are expected to be more popular as they support SaaS platforms to deliver useful RPA solutions faster and at lowered costs.
Robotic process automation (RPA) is attaining more growth day by day, being adopted as an essential tool for business process management in the digital world.
Today, it is indisputable that automation and RPA are no hypes, and it is for sure that we will see more growth in the RPA market in 2022 and beyond.
Robotic Process Automation tools have numerous applications in various industries. By leveraging these tools, the businesses are going through digital transformation with higher success rates through a more balanced people-process-technology approach.
2022 would probably be a significant turning point for RPA because the technology moves along into many sectors and businesses with new capabilities.
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