And with reported cost savings of up to 60% and time savings of up to 90%, this comes as no surprise. In fact, Gartner estimates that by the end of 2022, 85% of enterprises will have some form of RPA implemented in their business. And Forrester calculates the RPA market will exceed a 50% CAGR by 2023, going from roughly $500 million to $2.8 billion.
But for all the buzz surrounding RPA, there still seems to be quite a bit of confusion about what it is exactly … and what it’s not.
But for all the buzz surrounding RPA, there still seems to be quite a bit of confusion about what it is exactly… and what it’s not.
What is RPA – Robotic Process Automation?
Why consider RPA for your business?
Put simply, RPA enables “robots” to perform repetitive, time-consuming, computer-based office work with little to no manual intervention. This allows your human employees to spend their time and energy on strategic work that adds more value to your bottom line.
Learn more about RPA and how you can apply it most effectively in your business
Download The Practical Guide to RPA white paper to quickly gain a better understanding of what is RPA, what it is not, and how to reap the benefits it provides for businesses.
References
- https://www.gartner.com/en/newsroom/press-releases/2018-11-13-gartner-says-worldwide-spending-on-robotic-process-automation-software-to-reach-680-million-in-2018
- https://towardsdatascience.com/all-the-robotic-process-automation-rpa-stats-you-need-to-know-bcec22eaaad9
- https://www.uipath.com/blog/rpa-by-the-numbers
- https://biztechmagazine.com/article/2019/03/how-scale-rpa-intelligent-automation
- https://www.uipath.com/blog/rpa-improving-productivity-in-insurance-industry
