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.
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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.
The automotive industry has known exponential growth ever since its beginnings in the late 19th century. While in 1895 there were only four cars officially registered in the US, nine years later, in 1904, there were 121 US firms assembling and producing around 22,000 automobiles — and that was just the start. Only a few years later, in 1908, Ford's Model T was the first automobile to be mass-produced on moving assembly lines with all parts completely interchangeable.
The advent of robotic process automation (RPA) was a key milestone for the development of the automotive industry. Automation refers to the use of machines to perform tasks that had previously been undertaken by humans, which reduces the error rate and enhances the management of repeatable tasks.
As workers, we have many job-related rights. What we don’t have is the right of continued employment. Whether that should change is another topic. But what we do have is the desire to better ourselves and be forward thinking.
It doesn’t take much forward thinking to realize that today’s jobs are becoming automated. Robots? Check. Artificial intelligence combined with Internet of Things devices? Check. They are coming and in ways we never thought possible 10 years ago. Who would have thought we’d be talking to chat boxes for customer service, for example?
Both large enterprises and small-scale companies have numerous rule-based tasks set for daily completion. Outsourcing is the most strategic solution for augmenting in-house staff as they shift focus to core objectives that result in high-quality products and a satisfactory user experience.
Robotic Process Automation (RPA) is moving to the forefront as an innovative solution for automating work processes without eliminating the value of human collaboration. People must train these machines for optimal performance. As the robotic systems learn the necessary tasks, they will work alongside humans as assistants.