They say robots are conquering the world, and there is some truth in it. Statista expects the robotics market to grow at an annual rate of around 37.4%. If the trend remains, by 2025 the market size will reach almost 500 billion U.S. dollars. At the same time, data analytics is also looming large: according to BI consultants from Iflexion, the technology brings innovation to smart homes, connected hospitals, and transportation businesses, to name but a few application areas.
Yet the most significant thing about these two worlds, robotics and data analytics, is that they breed the third, a no less striking technology—robotic process automation (RPA). This software automates human processes and is especially useful for rule-based, structured, non-intuitive tasks based on data. Be it processing of large amounts of customer data or updates of massive databases—RPA would tackle those in minutes.
With all of its capabilities, RPA started attracting business owners’ attention predictably soon. As most of these businesses continuously seek ways to reduce costs and production times, robotic automation is gradually becoming their nostrum, especially considering more and more success stories surfacing.
Indeed, as stated in a McKinsey interview with an RPA expert, six case studies of the technology implementation show a ...
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