As the years passed, we have observed mankind making the most of technology for the betterment of the universe. Among the wonders of technology that became an apparent source of the welfare of humankind, Robotic process automation, widely known as Microsoft power automate RPA, became a rapidly emerging phenomenon.
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RPA, brought a new spectrum of effective business development possibilities, leading to successful organizations.
The utilization of RPA technology spiked tremendously during the rise of COVID pandemic, as organizations preferred remote workforce.
What Is Robotic Process Automation?
Even when we look back in history, man’s urge to create robots for their assistance in day-to-day tasks is evident.
Robotic Process automation is the name of the process of handling several rule-based tasks virtually, with the help of bots. It is a kind of Business Process automation (BPA), that reduces human error, increases efficiency to create UI automated workflows.
How Is Robotic Process Automation Different from Process Automation?
Business Process automation is a field that works on a larger scale. It makes the most of machinery to perform duties such as automating repetive tasks, Collecting and managing data files.
In contrast to BPA, RPA tools are capable of interacting with GUI automatically, repeating the set of actions taken by the user. To put it another way, RPA’s nature of work is very human-like.
Why Choose Microsoft Porwer Automate RPA?
With passing time, competition can be found in every sector of life. And to survive it and excel your business simultaneously, adapting the policy of innovation is a dire need.
So the question that arises here is, how to be innovative?
Well, worry no more because this is where Microsoft Power Automate RPA technology comes to your rescue!
Advantages of Microsoft Power Automate RPA
The effective RPA tools not only share your workload but can save you the cost of getting several tasks done from a human force.
• Boosting efficiency, Competent at handling tasks, RPA is a great technology that aids organizations in getting their tasks done quickly, at a cheaper rate. The cost that went in hiring individuals for particular operations instead went into increasing the quality of services or products provided by any organization. Research shows that by using RPA up to 50% amount of cost can be saved.
• Reduces Human error, Computers are quite effective in performing tasks, the way they should be done without any human error. This saves you time as well as an extra staff needed for such duties. The system of audit trails by RPA, let the organizations know when or how a task is performed.
• Endless Possibilities, Automated workflows can help you connect to different products. RPA creates infinite opportunities for an organization to take advantage of connections with Partners by linking new and legacy systems.
Application of Microsoft Power Automate RPA in our Day to Day Life
Banking and Finance
Financial institutions tops the list, when we talk about the application of RPA. These institutions adapted a strategy of getting boring tasks done 24/7 with the help of software robots. This ensures employee satisfaction and investment in customer care as a top priority.
RPA automates the following tasks in the finance industry:
• Opening of Accounts: The process of opening bank accounts is made convenient after the arrival of RPA. Helping a customer, open an account quickly without any flaws in data collection.
• Credit Card Processing: Credit card processing is one of the most complicated process with having a number of accuracy checks. However, the task is made much easier with the help of RPA, as rule-based tasks are capable of approving or disapproving any customer application on the basis of accuracy.
• Loan Processing: Processing loans is known as quite a cumbersome task but with the assistance of RPA it can just be a matter of several minutes.
• Mortgage Lending: The crucial process is now taken care of with the help of rule-based actions to perform processes like loan initiation and quality controls.
Online Shopping
People leisurely sitting on a couch in their room, can have a look at the shops having the trendiest stuff, with several clicks on their phones. And just a few clicks are needed to buy that desired stuff.
But have you ever noticed the process happening backstage? Well, this is where RPA is used!
The processes included from customer orders to keeping a track of shipping items, require services of robotic process automation. RPA handle dull and repetitive tasks while companies invest their efforts in making the customers happy.
Healthcare
Hospitals and Healthcare industry doesn’t rely on their employees anymore for tedious tasks, like recording patient data or scheduling appointments. RPA implementation in this industry proved to be the need of time to beat the inefficiency in this industry.
The fruits of the implementation of this technology helped hospitals save costs given into manual labor and invest it in updating the medical equipment. This led to a way better patient experience, solving their queries within no time.
What’s The Impact of Robot Process Automation on Society?
We’ve seen the apparent changes through the years in the management and development of businesses with the assistance of RPA. It won’t be wrong to anticipate a greater aspect of RPA’s impact on our society as we evolve.
However, in many people’s perspective, it might be just a job rival leading them to layoff. The vast opportunities for a better, productive and efficient attitude to handle duties that emerged in these years are endless. Studies estimated that the RPA market will reach $5 billion by 2024.
Moreover, the fruits of RPA can only be achieved by choosing the best RPA strategies for the advancement of your business. These strategies should be planned in a way that tasks carried out by RPA fulfill the goals of any organization that is worthy of leading them to success.
An effective way of implementing such strategies is to look for a team of qualified and competent individuals that can help you in planning out the best layouts for your accomplishment.
LogicV is a leading provider of cloud-based computing services, here to help you streamline your business with the most effective RPA tools and strategies.
With 370 prebuilt actions that assists users in producing workflows across applications, Microsoft Power automate desktop is a named leader by Gartner and Forrester in RPA.
The feature of Microsoft that increases your efficiency in creating automated workflows with UI-based automation known as UI flows.
By using hundreds of actions provided to create workflows for time-consuming business tasks across several applications.
A cloud-based service that assists you in your day-to-day business tasks, enhancing them with the power of AI followed by in-depth suggestions for creating workflows.