Your Industry WIll be Affected by RPA
Even though Robotic Process Automation (RPA) is relatively new; its impact on several different industries is changing the dynamic between business and technology in the workforce. For example, companies that focus on finance and banking are ripe for the power and efficiency of RPA. Many banking tasks are a perfect fit for automation: data entry, compliance regulations, statement processing, and balance sheets. If these time-consuming tasks are automated, then the organizations within the finance and banking industry can boost their overall speed and efficiency. Similarly, the insurance industry also has repetitive tasks that can be automated like extracting data from claim loss forms, and automatically updating claims files.
Although it may not be immediately apparent, the healthcare industry is one of the top industries using RPA. This is because the healthcare industry relies on accuracy, efficiency, and scalability in its daily operations. From patient scheduling to billing and everything in between.
Manufacturing companies are also already deploying industrial robots to complement their human workers in the production line, but software bots will also streamline their operational processes and back-office tasks. Finally, utility companies such as electric, gas, and water deal with high volumes of monetary transactions every day. This results in a demand for RPA implementation in accounts and billing departments.
The reality is that RPA is emerging as a force multiplier and game changer in the way organizations approach their business processes. It truly is a matter of “when” not “if.”