Robotic Process Automation (RPA) is an automation technology for making smart software by applying intelligence to do high volume and repeatable tasks that are time-consuming. RPA is automating the tasks of wide variety of industries, hence reducing the time and increasing the output. Some of facts about RPA includes:

•  A 2016 report by McKinsey and Co. predicts that the robotic process automation market could be worth $6.7 trillion by 2025.


•   A major global wine business, after implementing RPA, increased the order accuracy from 98% to 99.7% while costs reduced to Rs. 5.2 Crore.


•   A global dairy company used RPA to automate the processing and validation of delivery claims, reduced goodwill write-offs by Rs. 464 Million.

According to Business Line, a news outlet, there is an estimated 2 lakhs Robotic Process Automation-related jobs will be created in India by 2021! As financial institutions, BPOs, retailers, and others start to use RPA to automate tedious and repetitive tasks, it gains big support in large industries and IT organizations. The opportunities span from robot managers, implementation and infrastructure staff to process engineers and other challenging management positions.

As noted in business magazine Harvard Business Review, unlike popular assumption this automation process will not lead to human employees layoffs. Rather these employees will be redeployed to other complex and most important tasks in a company. This is a big relief for IT. In a recent Zinnov report, 40% of the enterprises have already started to invest in RPA, AI and IoT. This phenomenon is destined to take its toll even higher in just a couple of years. Many Business Process Management (BPM) outlets relies heavily on RPA technologies for the increased amount of productivity.