Robotic Process Automation (RPA) has grown exponentially over the last few years, and it’s expected to continue in the years to come. In 2016, the RPA market was worth around $250 million. In 2021, the market was worth well over $2.8 billion (Forrester).
What explains RPA’s accelerating value? Of course, it’s accelerating adoption.
More and more business leaders have realized the extensive benefits of RPA implementation. And it’s not just IT or technology. Healthcare, manufacturing, retail, finance — a wide range of industries is exploring RPA services, deploying automation solutions, and enjoying the numerous benefits of welcoming digital transformation. Indeed, Deloitte’s last Global RPA Survey found that over half of its participants had already begun their RPA journey. In the next five years, it expects adoption to go global.
Here’s what the adopters get to gain from RPA implementation.
How our RPA implementation services transform your business
Implementing RPA has several key benefits that, together, lead to a vast increase in ROI. Here’s a look at the most significant four.
1. Efficiency
The number one requirement for RPA implementation is automating rule-based, high volume, high-cost tasks. They are manual, repetitive, and cognitively basic, and therefore more prone to error. An RPA implementation automates them, saving teams ample time to focus on more creative and strategic tasks that add significantly more value to a business.
2. Precision
Human beings are prone to making errors. And the sum of minor mistakes at scale over many years amounts to a lot. Inefficiencies at scale can cost businesses staggering losses — trillions, according to a report by Harvard Business Review. A well-planned RPA implementation eliminates them, saving money and the time spent fixing them.
3. Adaptive
RPA solutions deliver consistent results. As business requirements change, an RPA implementation can be scaled up or down quickly and cheaply, accordingly, making the business more flexible.
4. Driving purpose
As human beings, what we seek in work is engagement and opportunities to be free and creative. And that’s what automation solutions offer a labor force. Automating repetitive tasks leaves plenty of time for creative tasks. Such tasks add value to a business, but also add value to employee well-being, making one feel valuable and full of purpose.
Getting RPA implementations right
Here’s how to get the most out of your RPA implementation.
1. Plan
Collect as much data as possible on the processes that constitute a workflow. The aim is to create a clear and thorough plan that will illuminate the roles and responsibilities involved — who’s accountable for what and the risks and bottlenecks in different operations.
2. Prioritize
Prioritize use-cases. Prioritize by transaction volume, speed, time, and other factors that affect value. That’s why planning is so critical: a rigorous plan makes it easy to identify what must be streamlined and re-engineered.
3. Implement
Fast implementation involves high risk. Instead, business leaders must deploy automation solutions in iterations, gradually scaling them with time, including more and more stakeholders, from business analysts to project managers.
4. Evaluate
RPA implementation is unfinished without measurement. Because measurement —
- Allows us to identify more opportunities for automation.
- And makes implementation adaptive.
Why is that critical? Because we don’t want to overspend, nor do we wish to under-perform. We want to get it right.
SG Analytics is a leading provider of automation solutions with proven expertise in RPA implementation. We get the most out of implementations by delivering solutions that are tailored to your unique needs. Contact us today.
