COVID-19 Driving Increased Robotic Process Automation Adoption

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Not surprisingly, the pandemic is a forcing function that companies are leveraging to streamline operations, conserve cash, and insulate the bottom line by deploying more automation.

With the availability of effective vaccines on the horizon, the world may soon get a reprieve from the COVID-19 pandemic. Even so, the impact on the global economy will be felt for years and is only now beginning to be understood. According to multiple reports, Jerome Powell, the chairman of the US Federal Reserve, said that the economy, as we knew it, is likely over. Specifically, telework and automation have changed, and will continue to change, the way millions of people do their jobs.

According to the business news channel CNBC Power said, “We’re not going back to the same economy. We’re recovering, but to a different economy and it will be one that is more leveraged to technology … I think you’ll see more telework, you’ll see probably the acceleration of automation. All of that was in the process of happening, but you’re going to see much more of it.”

RPA Taking Center Stage

Primary among the automation technologies companies are a evaluating is Robotic Process Automation, better known as RPA. At its core, RPA is about using automation in the form of bots (not mechanical robots, but software robots) to perform repetitive tasks like filling out forms, looking up and collating information to create things like customer profiles, or generating routine reports using multiple data sources. Many routine information gathering, sharing, and sorting tasks across a variety of business processes can be automated using RPA.

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Posted on

December 13, 2020

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