There’s a lot being said about robots these days and about Robotic Process Automation (RPA). RPA describes a software development toolkit that allows non-engineers to quickly create software robots (commonly known as “bots”) to automate rules-driven business processes by replacing human effort to complete tasks. Since RPA is trending, it’s given business audiences reason to think – is this new and emerging type of automation replacing other “gold standard” types of automation such as Business Process Automation?
BTerrell Group Blog
Call it digital transformation, digital disruption, digital operations or digital process automation. No matter what term an organization uses to describe automation technology, the goal the same everywhere: to harness the power of digital to elevate the customer journey and drive end-to-end business outcomes.
The robotic process automation market has been witnessing a vast number of strategic M&As in recent years. These proactive initiatives have profitably leveraged the robotic process automation industry growth, as per experts. Citing an instance, Accenture PLC, an IT service provider, has acquired Genfour Limited, an information management service company and a global leader in the RPA and AI delivery sector, with an aim to consolidate its position in the overall robotic process automation market. Through this deal, Accenture aims to develop and apply machine learning across complicated IT processes to automate them and improve the overall operational effectiveness. The need to automate the IT services through machine learning, big data analytics and artificial intelligence will thus impel the overall RPA market share in the ensuing years.
Brian Terrell visits with host Ed Kless on the Sage Advice Podcast about software automation, Artificial Intelligence, and Robotic Process Automation (RPA). The BTerrell Group assists small and midsize businesses automate internal business processes using Sage Software and automation tools, including RPA.
"I help the back offices of small and medium sizes business accomplish more work but work less," he tells Ed in this 11 minute interview. "It delights me when my clients' eyes light up when I share a faster or newer or more accurate way to help them with their finance or accounting assignments."
Nearly half (42 percent) of U.S. managers say that automation and robotics will lead to a net loss of jobs in their respective industries, compared with just 18 percent who say that automation will help to create jobs, according to a new study from MindEdge Learning.
Managers at companies that have already adopted robotics and automation, a clear majority (52 percent) expect that automation will lead to job losses.