Automation is the future. From the mundane everyday tasks to the more complex cases. Technology is set to continue to revolutionise the working world. Recent research conducted by KPMG has predicted that enterprises are set to spend over $200bn on automation technology*. For a comparison, the figure for this year is around $12bn.
To the untrained eye, reading about automation technology and the different options available can cause confusion. The digital transformation process can be a daunting thought for businesses. Worry not though, as the potential for improvement in productivity and efficiency is huge. So what do RPA and Intelligent Automation offer, how do they differ and what are the benefits? What is RPA (Robotic Process Automation)? Robotic Process Automation focuses on automating the hand work of the worker. With RPA you are able to emulate the more simple and repetitive tasks. For example in the world of finance, insurance and accounting can be aided by reducing the cost of processing an invoice by up to 60%. To find out more on what RPA offers, check out our basic guide on the subject. What tasks can RPA automate? Routine: Methodical, repetitive, rules-based What does RPA technology consist of? Using robots for simple automation. What is RPA able to do? Stick to instructions and perform the more routine tasks from an average working day. With improved efficacy and less errors.
What is Intelligent Automation? Intelligent Automation focuses on making better workers, whether they are human or digital. This is achieved via working alongside intelligent solutions such as robotic process automation. With these solutions, companies can accentuate their capabilities to process and analyse data through automation. Taking care the more weighty side of things. Intelligent Automation is capable of knowing the specific processes that are relevant to the business operations. As opposed to the more straightforward way of process automation. As well as having a larger scope than RPA, Intelligent Automation is extremely cost effective with an accuracy rate that will leave you in awe. What Intelligent Automation does is take the capabilities of RPA and other intelligent tech, and incorporates them under one solution to smartly automate your business. What tasks can Intelligent Automation automate? Non-routine: Tasks that require a bit more thought process.
What does Intelligent Automation technology consist of? It brings together the likes of AI, RPA and machine learning to tackle complex business processes.
What is Intelligent Automation able to do? Improve tasks that require more judgement. To summarise. RPA will give you the opportunity to maximise your business productivity, creating a more efficient working environment. Which gains you more time and saves you more money. What Intelligent Automation does is all this… and more.
An example of Intelligent Automation? Here at Maximise IT, we offer award winning IT solutions for your business that have already helped save millions for the banking industry. You could be looking to automate tasks in insurance, or even healthcare. We have you covered. Find out more about our intelligent automation solution ‘SmartFlow’ or read up more about the different kinds of automation. * https://www.techradar.com/uk/news/worldwide-ai-investment-to-top-dollar200bn-by-2025